When you open an account and get a card, you often hear about the account statement and the transaction history. Have you ever wondered what that is? Today at MyBambu, we want to explain everything about this topic and its importance.
An account statement is a document that aims to inform you about the transactions you make in your account, regardless of the type of account. This means you can see your transaction history, detailing any activity you perform with your account, such as cash withdrawals, payments, transfers, deposits, and more.
In the transaction history, you’ll see every movement made over time. You can filter the information you need depending on the type of transaction. For example, you can view your transactions from previous months.
This information is super important, and one of the benefits of having an account with MyBambu is that you will always have a real and updated view of your financial situation. You’ll know how much money comes in, how much you spend, and how much you save. Now, how do you read that document? The truth is that each institution may have a different presentation, but at MyBambu, you will find it in the following way, both for the account statement and your transaction history.
In these tabs on the mobile app you can see:
- Your personal information, such as your name, ID, and address.
- Current balance.
- Previous balance.
- Deposits received.
- Transfers and/or payments made.
- Salary received, if you have your salary sent to your MyBambu account.
- Tax refunds received, if you have your tax refund deposit sent to your MyBambu account.
- Other charges, such as transaction fees, and costs for international money transfers.
You can view each transaction with its description, such as:
- Card purchases
- Phone recharges
- Money transfers
- Gift cards purchased
Remember that each transaction will include the date, place, and description of when it was made. Regularly reviewing your account statement will allow you to verify the state of your financial situation and have better control of your finances.
Don’t forget that at MyBambu, we want to make your life easier. That’s why you can view all your transactions directly from your app. Click on the bottom bar where it says “history,” then “account,” and there you will find every activity in detail. You will also have the option to view your card, where you can see all your purchases, whether physical or virtual. Additionally, your account statements will be organized by month and year.
The important thing is that you know and regularly check your account statement and transactions, so you always have control over your card and account usage and can make the most of it.
Thank you for reading, and we hope you enjoy your MyBambu experience.
