The Importance of Checking Your Bank Statements

Your bank statement is a record of your banking activity. Keeping an eye on your account allows you to discover where your money goes and where you might be able to save.

Why should I look at my monthly bank statement?

A bank statement serves as a snapshot of your financial activity. It shows how much money is coming in and going out from your account. Reviewing your statement is a great place to start if you want to create a monthly budget.

You will also find details about any fees you’ve been charged, and it can alert you to errors or fraudulent charges. By checking your transactions every month, you can flag any suspicious items right away.

What should I do if I see an unusual/unexpected transaction?

If you notice any transaction on your account that is unfamiliar or suspicious, contact us immediately by visiting a branch, emailing alerts@cua.com, or by calling 902.492.6500.

Where can I find my statement?

Log in to your account through Online Banking. The statement will appear on the left side of your screen. Select the statement period you want to view. Review the statement on your computer, tablet, or phone—or download your statement as a PDF. With online banking, your statements are automatically saved for seven years.

If electronic statements aren’t right for you, you can sign up to have them mailed to you quarterly, twice per year, or annually.

The bottom line

A bank statement is a useful tool for understanding your finances. If you would like to review your bank statement with a member of the CUA team, give us a call at 902.492.6500. We’re here to help.

Revised Jul. 4, 2021

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