Sunday, December 4, 2011

Can a transaction show up on next months bank statement?

I received my first statement on the 10th of October and on that date a transaction was made, as bank statements are monthly I am wondering whether this will show up on the next months statement (which I assume is on the 10th of November), or because it has been shown already it wont again?|||If it was displayed on your October statement it will not show up on your November statement because that would be confusing for those trying to keep track of transactions. If you did the transaction on the 10th but it didn't clear until a later date and it wasn't physically on your October statement it will show up on your November statement.|||If you RECEIVED the statement on the 10th, the closing date of the statement was NO LATER than the 9th. Therefore any transaction that actually occurred on the 10th falls in the next statement period after the statement. It is also possible the statement occurred after the cutoff time to post on the 10th. If that is the case, the transaction occurred on the 11th as far as the bank is concerned.





Edit: I just checked a calendar. Oct 10, 2010 was a SUNDAY. As far as the bank is concerned, The ENTIRE day occurred on MONDAY, October 11.

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