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Daily Statements Anyone?

Why doesn't the bank provide daily statements?


This would be an expensive undertaking that would require an increase in fees, that would fall upon the customer. Probably just as good, many banks have real-time processing on their systems that allow online banking customers to view what happened each day in their accounts. This wouldn't include interest accrued on savings accounts though, as that is processed separately when it is credited. The interest may be based on an average balance, and not a daily balance, but all other deposits and withdrawals will show. You may find that this meets your needs.

Published on BankingQuestions.com 5/29/08