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eStatements
An electronic version of a bank or credit union statement, which is a summary of an individual's account activity and current balance.
More Details
An eStatement, also known as an electronic statement, is a digital version of a paper statement that is typically provided by a bank or other financial institution. It is an electronic version of a paper document that includes information about your account activity, such as deposits, withdrawals, and balances.
Example
You became a member of MCU and opened a basic savings account. Shortly thereafter, you began receiving eStatements showing a summary of your transactions and account activities.
Related Terms
Credit Union
A cooperative financial institution that is owned and controlled by its members, who are also its customers.
Personal Banking
A type of banking that provides financial services to individuals, such as checking and savings accounts, loans, and investment management.
Payroll Deduction
The deductions made by an employer from an employee's paycheck prior to direct deposit, usually to pay for elected benefits.