What Is the Purpose of a Bank Statement?īanks use bank statements to record an account holder’s transactions each month. Checking your monthly bank statement can help you find spending areas to cut or trim, leading to savings. But they are a great tool to track your spending and expenses. Traditional banks, online banks and credit unions all send bank statements.īanks issue statements for their records and to reconcile bank accounts.
It summarizes account transactions from the statement period, including deposits, transfers and withdrawals.īank statements include pertinent account information, such as starting and ending balances and bank contact information.
Account fees (e.g., monthly service, overdraft) may apply to Wells Fargo account(s) with which you use Zelle ®.A bank statement, or account statement, is a document supplied by banks to account holders every month. Your mobile carrier's message and data rates may apply. For more information, view the Zelle ® Transfer Service Addendum to the Wells Fargo Online Access Agreement. To send or receive money with a small business, both parties must be enrolled with Zelle ® directly through their financial institution’s online or mobile banking experience. Payment requests to persons not already enrolled with Zelle ® must be sent to an email address. The Request feature within Zelle ® is only available through Wells Fargo using a smartphone. Neither Wells Fargo nor Zelle ® offers a protection program for authorized payments made with Zelle ®. For your protection, Zelle ® should only be used for sending money to friends, family, or others you trust. Transactions between enrolled users typically occur in minutes. checking or savings account required to use Zelle ®. Enrollment with Zelle ® through Wells Fargo Online ® or Wells Fargo Business Online ® is required.
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