How to Get a Bank Statement from TD Bank In 2023
Knowing how to get a bank statement TD will come in handy if you want to keep track of your finances or improve your spending habits. Bank statements show all the details about your spending and transactions, which is what you need to plan your finances.
TD bank makes it easy for customers to view and download their bank statements online. For example, you can view anywhere from a seven-year-old bank statement from your account or one from the latest date.
The bank also allows you to download and print a copy of your bank statements or get them in a PDF form. However, it would be best if you also had a PDF viewer like Adobe Reader, which you can download from the internet.
How to Get A TD Bank Statement
TD bank allows customers to get bank statements as old as seven years. However, the oldest report you can get depends on when you open your TD account.
Follow these simple steps to access the statement online.
- Log into your TD EasyWeb online profile and go to the Accounts page. Tap on “Statements and Documents” on the left menu.
- You can choose the statement to view from here. The most recent is at the top of your notifications list. You can stroll down the list to see other reports from previous dates and months.
- If you want statements from a specific account, go to the dropdown menu and check for the option “Get statements by Account.”
- You can narrow down the period you want to get bank statements for. Choose a start and end date from the calendar and select the information you wish to view.
- The statement will open in a separate window, and you can view it in pdf format. In addition, you can save or print this statement for future reference.
To print the document, you must have a pdf viewer like Adobe reader. Once you open and view the statement, tap on the printer icon on your screen.
A new window will open with your bank statement in pdf format. Next, click on a save icon or the “Download” option.
You can also add notes after downloading the document. Click on the sticky note icon and write your observations.
How to Get Email Bank Statements
Another easy way to access your TD bank statement is by requesting the bank to send it to your email address.
- Click on “Statement and Documents” on your left menu. A Delivery Preferences option will pop up, so select it
- Next, update or check your email details
- Select the accounts you want to receive an online bank statement. To do so, check for a dropdown in the statements column and click on “Online.”
- Select the “Switch All” to Online option to receive email statements from all your TD accounts.
- Save the changes and exit. You will get an email notification to check your statement once they are ready and posted.
What is a Bank Statement, And How Does It Work?
Now that you know how to get a bank statement online, TD, learning what it is, how it works, and its uses are also essential. A bank statement is a document prepared by the bank for the account holders showing their transactions.
Banks prepare the statements monthly on a specific date. Account holders can choose between receiving paper statements or electronic reports by mail. With electronic bank statements, you access your spending online. Customers also save and print these documents for future reference.
Besides banks, you can get a summarized version of your bank statement from an ATM, although not all offer this option. Summarized bank statements are called transaction history.
Besides the cash flow movements, other details shown in bank statements are the transaction IDs, transaction dates, beneficiaries, and transaction details. In addition, the document contains personal information like bank account details and branch names.
Why You Need a Bank Statement
Some reasons you need a bank statement are;
When applying for an investment loan or any other loan type, the lender or financial institution will ask you to show your bank statement. Creditor companies use these statements to verify your applications and check if you are eligible for a loan.
When applying for a mortgage or loans for financial assistance, the bank will use your statement to check for proof of income. The document is also used for identification verification since it contains your details and spending habits.
Check for Financial Fraud
With the increase of electronic money transfer methods like Interac e-transfer, financial fraud has increased. Cybercriminals steal individuals’ bank details and withdraw money from their accounts, which sometimes goes unnoticed.
Since a bank statement shows your daily spending during the month, you can compare the transactions in that document with your records. If you spot any mismatch, ensure you alert the bank as soon as possible.
To Track Your Expenditure
You can see your bank statement to track your finances because it shows all the transactions contacted during the month. You can use it to see where most of your money goes and set goals to increase your savings.
The account statement also shows the users’ balances, penalties and settlements. Ensure you go through every section and compare it with your documents to see if there are any discrepancies.
You Can Save On Transaction Fees
Transaction fees seem small, but they accumulate with time. Since a bank statement shows all the transactions and spending, including transaction fees, check the type of transactions that charge the highest transaction fees.
For example, if sending money directly from your account to another bank account is too expensive, use other transaction methods like Interac e-transfers. However, be careful not to fall victim to e-transfer scams.
Another reason transaction fees are high is because of exchanging foreign currency. Banks offer high exchange rates on foreign currencies, which can accumulate much amounts. Thankfully, you can save more by exchanging your cash at Knightsbridge FX.
Knightsbridge offers more favourable exchange fees than banks and other foreign exchange agencies. The platform is also easy to use. The coins you save on foreign exchange fees can go to your savings account.
How Often Can You Check Your Bank Statement?
You can check your bank statement weekly if you want to improve your financial management. However, other people prefer downloading their bank statements monthly.
Note that banks do not disclose your personal information to strangers, so only you can view your bank statement. The bank will also not issue your creditor with your bank statement unless you authorize it.
Learning how to get a bank statement TD is straightforward. Log into the EasyWeb online account, navigate to the statement and documents page and select the account you want to view your bank statements. You can also set the period by refining the results. And finally, remember that banks do not give your personal information to third parties, so nobody else can access your bank statement.