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Question: What is the difference between Previous and Stamped Statements?
Previous Statements: A formal reconciled statement with an opening and closing balance according to your statements cycle.
Stamped Statements: A statement with an official bank stamp. The transactions are listed from the date of request, and date back 3 or 6 months.
Question: What are the different statements typically used for?
1.Record keeping (available up to 2 years online)
-Auditing of financial statements
-Proof of transaction when there is a dispute (incl legal dispute)
-As proof of income
-When applying for an account
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