glossario

The document that the bank produces at periodic intervals listing the movements in the current account in chronological order. For each movement, the bank statement typically indicates:

• the date on which the transaction debiting or crediting the account is carried out;
• the date on which interest is either charged or credited;
• a description of the transaction; and
• the amount of the transaction, and the relevant plus or minus sign.

At least once a year, the bank has to provide the account holder with the Statement of Fees. This is a document based on a standardized European template, that states all expenses incurred and other useful information, including the Comprehensive Costs Indicator (ICC), the estimate of the yearly expenses for that specific type of account.