Everything you need to know about bank statements and how to read them.
Bank statements are essential in keeping track of your account activity each month.
A bank statement is a document that your financial institution gives you, the account holder. It lists the transactions on your account over a set amount of time, usually monthly. Reviewing your statements regularly offers great insights into your spending habits and help with budgeting. You can choose to receive paper statements by mail, or electronic statements (eStatements) when you sign in online or through the Scotia mobile app.
Each account you hold should have its own statement. This includes chequing and savings accounts, credit card accounts, lines of credit, mortgages, investments, and small business accounts.
All bank statements include:
- Your name and address
- Your bank account number
- Scotiabank’s (or another financial institution's) address and phone number
- Banking transactions (deposits, direct deposits, withdrawals, bill payments, fees, and interest earned) and the dates they were completed (or the statement period)
It’s a good idea to review this information regularly to make sure it’s correct and to check for any discrepancies.
Digital eStatements vs. paper statements: 8 reasons it’s time to go paperless
Find out why you should make the switch from paper to digital eStatements.
View your eStatement(s)
We have demos to guide you through switching to electronic statements (eStatements) and how to view them in online banking or Scotia mobile app.
How to find your statement
If you opted to get your statements in the mail, they’ll be delivered to you. If you opted for Scotiabank electronic statements, or eStatements, here’s how to view them in online banking:
- From your Accounts page, select your bank account
- Select Documents and choose the account statements you want to view
To view eStatements for your accounts in the app:
- From the app’s Home screen, tap your bank account
- Tap Manage
- Tap View all statements
To see a demo on how eStatements work in our mobile banking app, visit Scotiabank Digital Banking.
To learn how to switch to eStatements, visit Scotia Bank Digital Banking Guide.