Yes, you receive statements for your savings account, and they show every deposit, withdrawal, and interest earned
A savings account statement is a record your bank sends you that lists all the money moving in and out of your account, plus any interest the bank paid you. It covers a specific time period — usually one month — and shows your balance at the start and end of that period. Think of it as a receipt for your account activity.
Most banks send statements automatically. Some mail them to your address, some post them online for you to view or read, and many do both. You do not have to request them; they arrive on their own schedule, usually around the same day each month.
Key Takeaways
- Your bank sends you a statement each month showing deposits, withdrawals, interest earned, and your account balance.
- Statements arrive by mail, online, or both depending on what your bank offers and what you choose when you open the account.
- You can request statements from past months if you need to review older activity, and most banks keep records for several years.
- Checking your statement regularly helps you catch errors, track spending, and confirm that interest was calculated correctly.
How statements arrive: mail, online, or both
When you open a savings account, your bank will ask how you want to receive statements. The most common options are paper statements mailed to your home address, electronic statements you view on the bank's website or app, or both.
Paper statements take a few days to arrive by mail. Electronic statements are available when ready after the statement closes — usually the last day of the month — and you can view them anytime by logging into your account online. Some banks charge a small fee if you request paper statements, while electronic statements are free at nearly all banks.
If you are unsure which option your account is set to, call your bank's customer service line or log into your online banking and look for a "statements" or "documents" section. You can change your preference at any time.
What information appears on your statement
A savings account statement includes several key pieces of information. At the top, you will see your account number, the statement period (the dates it covers), and the date the statement was created. The main section lists every transaction — each deposit and withdrawal — with the date, description, and amount.
At the bottom of the statement, you will see your opening balance (what you had at the start of the period), your closing balance (what you have at the end), and the interest earned during that month. Some statements also show your annual percentage yield, or APY, which is the rate the bank is paying you on your savings.
If you made a transfer from another account, it will appear on the statement with a description like "transfer from checking" or "ACH transfer." If you withdrew cash at an ATM, that will show as a withdrawal with the ATM location and date.
How to find statements from previous months
You do not need to keep every paper statement. Banks maintain records of your account history, and you can request older statements if you need them. If you use online banking, you can usually read statements from the past 12 to 24 months directly from your account without asking.
To find past statements online, log into your account and look for a section labeled "statements," "documents," "history," or "account statements." Click the month and year you want, and you can view or read it as a PDF file. If your bank does not offer online access to older statements, call customer service and ask them to mail or email a copy.
Banks are required to keep records for at least five years, so even if you need a statement from several years ago, the bank can retrieve it. There may be a small fee for statements older than a certain period, but most banks provide recent statements for free.
Why checking your statement matters
Reading your statement each month takes just a few minutes and catches problems early. You can verify that all your deposits arrived, that withdrawals match what you remember, and that the bank calculated your interest correctly.
Statements also help you spot fraud or unauthorized transactions. If someone used your account number or card without permission, the statement will show it. The sooner you report it, the sooner the bank can investigate and return your money.
Keeping statements is also useful for taxes and record-keeping. If you earned interest on your savings, the bank will send you a form called a 1099-INT at tax time, and your statement shows the interest that was reported. If you are tracking expenses or need proof of deposits for a loan or housing process, statements provide that documentation.
What to do if you do not receive a statement
If you are expecting a statement and it does not arrive, first check your online account to see if it is available there. If you requested paper statements, check your mail for a few extra days — sometimes they arrive late.
If the statement is not online and does not arrive in the mail within a week of when it should, contact your bank. Call the customer service number on the back of your card or on your bank's website. Tell them the month you are missing and ask them to resend it or confirm that it was posted online.
If you moved recently and did not update your address with the bank, paper statements may be going to your old address. Update your address in your online account or by calling customer service, and ask them to resend the current statement to your new address.
Switching between paper and electronic statements
You can change how you receive statements at any time. If you started with paper statements and want to switch to online only, log into your account and look for account settings or preferences. Most banks let you make this change yourself without calling.
If you cannot find the option online, call customer service and ask to switch to electronic statements. They will make the change, and your next statement will arrive in the format you chose. If you switch mid-month, you may receive one more statement in the old format before the change takes effect.
Some people keep both options for a while when switching — they receive paper statements and view them online until they are confident they know how to access statements on the website. Once you are comfortable, you can turn off paper statements to reduce mail and paper clutter.
Frequently Asked Questions
Do I have to pay to receive statements?
No. Electronic statements are free at all banks. Paper statements are free at most banks, though some charge a small monthly fee if you request them. When you open your account, ask whether paper statements cost anything.
What if I lost a paper statement?
You can request a copy from your bank at any time. Call customer service or log into your online account and read a PDF of the statement you need. Banks keep records for at least five years, so even old statements can be retrieved.
Does my statement show interest I earned?
Yes. The interest earned during that month appears at the bottom of your statement. At the end of the year, your bank will also send you a 1099-INT form showing the total interest you earned, which you may need for taxes.
Can I change when my statement closes each month?
Most banks have a set statement closing date for each account, and you cannot change it. However, you can choose when you want to receive the statement — some banks let you delay delivery by a few days if you prefer. Call your bank to ask what options they offer.
What should I do if I see a transaction on my statement I did not make?
Contact your bank when ready. Call the number on the back of your card or on your statement. Report the unauthorized transaction and ask the bank to investigate. Banks are required to refund fraudulent transactions, though the process takes time.