New Feature: Download Bank-Format Statements





The “Bank-Format” statement is different from the standard detailed statement in the following ways:

1. Bulk Payments and associated charges are represented as a single Debit off your account;

2. Stand-alone transactions and associated charges are represented as single entries (combining transaction amount and charges into a single credit or debit)

This dramatically reduces the number of pages of the statement, should your processes require a printed copy of the statement.
Download Bank Format Statements



1 Comment

  1. I suggest that you should include in your “bank format” statement an option for the customers to print out a detailed statement with the actual transactions and running balances.
    This way one is able to do reconciliations with ease (particularly for organizations where statement reconciliations are required on a monthly basis).

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