How often do banks typically send a bank statement?

Banks typically send bank statements on a monthly basis, which provides account holders with a regular overview of their account activity, including deposits, withdrawals, fees, and interest accrued. This frequent reporting allows individuals to closely monitor their finances, track spending habits, and identify any discrepancies or unauthorized transactions in a timely manner.

While some financial institutions may offer quarterly statements or more frequent updates (like online banking access), the industry standard for personal checking and savings accounts is a monthly statement. This regular interval strikes a balance between keeping customers informed and managing operational costs for the bank.