Checking Account Statement

1. What is a Checking Account Statement?

A Checking Account Statement is a detailed summary of all transactions that have occurred within a checking account over a specific period. It includes information such as deposits, withdrawals, fees, interest earned, and the account's starting and ending balances.

2. Where can I find my Checking Account Statement?

You can obtain your Checking Account Statement through the following methods:

• Online Banking: Log into your bank's online banking portal or mobile app.
• Bank Branch: Visit your bank's branch and request a printed statement.
• Mail: Banks often send monthly statements by mail if you have opted for paper statements.

3. Is this document known by any other name?

Yes, a Checking Account Statement may also be referred to as:

• Bank Statement
• Account Statement
• Monthly Statement

4. What does the Checking Account Statement look like?

A Checking Account Statement typically includes the bank's logo, your account details, a list of transactions, and the account balance. Here is a sample image.

Checking Account Statement

5. Is the date of this document important? Does it have to be for the Date of Separation or the Date of Marriage/Cohabitation?

Yes, the date of the Checking Account Statement is important. The mediator will typically require statements for key dates such as:

• Date of Marriage or Cohabitation: To establish the financial baseline at the beginning of the relationship.
• Date of Separation: To determine the financial status at the end of the relationship.

6. Why is the Checking Account Statement relevant to the outcome of my settlement?

The Checking Account Statement is crucial because it provides:

• Financial Transparency: Ensures both parties disclose their financial status honestly.
• Income and Expenses Tracking: Helps to understand each party's income, spending habits, and financial contributions during the relationship.
• Asset and Debt Assessment: Assists in identifying shared and individual assets and liabilities, which is essential for equitable distribution.

7. What else should I know about this document?

• Accuracy: Ensure that all statements provided are accurate and reflect your actual financial situation.
• Completeness: Provide statements for all checking accounts you have, including joint and individual accounts.
• Historical Data: It may be helpful to provide statements for several months or years to give a comprehensive financial picture.

8. How will the mediator use this document?

The mediator will use the Checking Account Statement to:

• Assess Financial Health: Evaluate the overall financial health of both parties.
• Facilitate Fair Negotiations: Ensure that financial disclosures are complete, promoting fair negotiations and settlements.
• Identify Discrepancies: Spot any discrepancies or hidden assets that need to be addressed.
• Draft Settlement Agreements: Use the financial data to draft equitable and comprehensive settlement agreements.

By understanding the significance and providing accurate and complete Checking Account Statements, you can facilitate a smoother and more transparent mediation process, leading to a fair and amicable settlement.