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Is it useful to use services that generate bank statements?

Danna Lichtam's picture

Hey everyone! I’ve been hearing about services that can generate bank statements for different purposes like loan applications, visa processes, or personal record-keeping. I was wondering if anyone here has experience with that? Is it actually useful or necessary to use such services when you need detailed financial documentation? I’m curious about how accurate these generated statements are and whether they can be relied upon for official procedures. Would love to hear your thoughts or experiences on this!

Ooka Jaja's picture

I agree with the points already made. In my opinion, these services are helpful mainly for organizational purposes. For example, if you are applying for a rental and need to show a neat and easy-to-read financial history, a generated statement can make a better impression. They can also be used to create summaries that highlight important patterns like income trends or regular payments. Of course, it's important to ensure that the generated statement truly reflects your real banking activity. If used responsibly, it can be a valuable tool.