A statement period is usually one month long, and it may not match up with the calendar month. If you have a checking and savings at the same bank, you might get both in the same report. The statement includes an account summary, transaction details, and instructions for reporting any inaccuracies. It can help you track finances, catch account mistakes and understand your spending habits on a regular basis. 3 I need a Bank Statement Tailored for Australian Banks, is this the right place?Ī bank statement is a monthly or quarterly document that summarizes your activity to show what money went in and out of a bank account.1 Facts about the Australian Novelty Bank Statement template.