How often are bank statements typically sent to an account holder?

Bank statements are typically sent to an account holder on a monthly basis. This schedule allows account holders to receive a comprehensive summary of their account activity within a specified period, which includes details such as deposits, withdrawals, interest earned, and any fees incurred. Monthly statements help individuals or businesses keep track of their finances, monitor spending habits, and ensure the accuracy of recorded transactions.

While some banks may offer different frequencies, such as quarterly or even daily, the monthly schedule is the most common practice and is designed to provide ample information without overwhelming the account holder. Compared to other options, this frequency strikes a balance between frequency of reporting and manageability for account holders.