Statement Cycle

A statement cycle is the recurring schedule for generating account statements. It determines when a new statement period begins and ends.

Statement cycle dates can affect interest calculations, fee assessments, and payment due dates. Many banks allow customers to choose a preferred cycle date.

Related Terms

Statement Period

A statement period is the date range covered by a bank statement. It includes all transactions poste...

Bank Statement

A bank statement is a document issued by a financial institution that summarizes all transactions in...

Interest

Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...

APR

Annual Percentage Rate

APR is the annual rate charged for borrowing or earned through investment, expressed as a percentage...

Need to convert bank statements to spreadsheet format? Try our bank pdf to CSV converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free