Discover what a bank statement is and why it's crucial for managing your finances. ... you have it on file even if a bank no longer does. How to use bank statements effectively.

Electronic statements should be accessible for as long as you'll need them. If you get paper statements, keep them for at least a year and then shred them.

Explore what a paper bank statement fee is and how you can avoid these costs in 2025. ... Alternatively, consider printing your e-statements and keeping a file of them at home.

Most banks will send you a printed paper statement in the mail upon request. Some banks, such as Discover® Bank, don’t charge a fee for this service; others charge anywhere from $2 to $5 or more.

If you’re wondering how long you should keep bank statements before shredding them, it depends on the type of document. But in most cases, you want to save documents for one to seven years.

You no longer need to sit around waiting for the bank to send you a bank statement file. The bank sends your balance when you ask for it, on your request. No more pesky files, but rather an ...

You should hang onto bank statements for at least one year, but it's still a good idea to have the information handy when you need it.

The most common way Canadians track their spending is by reviewing their bank/credit card statements at least monthly (62%), according to a survey conducted online by The Harris Poll on behalf of ...