Statements

Key Features and Components of a Bank Statement:

Statement Period:

The time frame covered by the statement, usually a month, but can vary depending on the account type.

Starting and Ending Balances:

Shows the amount of money in the account at the beginning and end of the statement period.

Transaction Details:

Lists all deposits, withdrawals, transfers, and other account activity with the date, amount, and description of each transaction.

Fees and Interest:

Includes any fees charged by the bank and any interest earned on the account.

Bank and Account Information:

Clearly identifies the bank, the account holder, and the account number.

The Interlace platform supports two types of statements:

• Monthly Statements
• Annual 1099 INT - Compliance requirement for all interest-bearing accounts

Digital applications can use our Statements API to allow in-app download

Statement Details:

The below curl request allows the you to pull the Statement, based on the statementId.

curl --request GET \
     --url https://api.infinant.com/interlace/v1/accounts/accountId/Statements/statementId \
     --header 'accept: application/pdf'

Sample Statement

Here is a sample checking account statement from Interlace.

Configuration

Statement Template Selection

Infinant Statements have 2 Template Types, which are auto selected based on the product type

1. Non-Interest Bearing Accounts: This template is used when non-interest bearing checking accounts are being used
2. Interest Bearing Accounts: This template is used for all Savings and Interest-Bearing Checking Accounts.

Branding Configuration

For Infinant Statements the layout and table structures are fixed. However, the branding can change by Program. Here is what is configurable:

• Statement Logo: This allows the bank to cater the statement logo to their Partner, so that the statement can align with the banks branding
• Contact Info: This allows the bank to use their Call Center information or their Partner's Call Center Info
• Bank Disclosures: As agreements and offerings vary from partner to partner, a bank's disclosures may also vary in the statement, the bank can specify those here, and vary them by program.

All of these configurations are setup during the partner onboarding process, and changes are managed by Infinant's Support Team.

Other Configurations:

Changes Layout, Transaction Descriptions, Fee Tables, Interest Accruals ... are not supported by Infinant today. Such changes can be supported through our partner ecosystem, or Infinant can provide data extracts to any third-party service provider for statements that the bank approves.

Interlace Console

The Interlace Console provides access to review statements within an accountholder’s account details, giving the bank or fintech service representative the ability to view and answer any inquiries from an accountholder.