Features of an online bank statement include a list of all transactions on the account over a set period of time (typically on a monthly cycle), details about specific transactions and access at any time of the day. Many banks also allow customers to view real-time lists of transactions until they generate the monthly account statements, which are then also available as downloadable PDFs.
Online bank statements function in the same capacity as paper statements in that they provide official listings of all the financial activities that occur on accounts during billing cycles, including debits and deposits. The online statement is often available through a dedicated section of the customer's online banking profile, and it includes the dates and amounts of all transactions along with the name of the entity charging or depositing the funds.
A customer can click a link to view details about the individual transactions on the statement, which can include a reference or routing number, the full name of the banking entity causing the transaction or an image of a check. An online statement is also available at any time as long as the customer has Internet access, with transactions in the current statement period available through an account overview section or transaction history page. This allows the user to review transactions without having to wait for a full statement to generate.