mybankstatementanalysis · Blog
Practical articles on bank statements, spending, redaction, and personal finance. Clear answers, no filler.
149 articles
Bank statements are supporting evidence — not primary proof. The IRS requires a gambling diary + casino win/loss statements + bank records together. Exactly what to document so your deduction holds up.
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A bank statement letter is an official document from your bank confirming your account details on letterhead — different from a regular statement. Learn when you need one, how to request it, and what it contains.
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What does EDI payment mean? Counter credit? Reversal? VIOC? This guide decodes 30+ confusing bank statement codes and terms — what each one means and whether you should be concerned.
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Yes — Medicaid can verify your bank account balances during eligibility checks and renewals. Learn what financial records Medicaid reviews, what the asset limits are, and what can affect your eligibility.
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Yes — you can get bank statements from a closed account. Most banks keep records for 7 years. Learn how to request them, what fees to expect, how long it takes, and what to do if the bank itself has closed.
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Yes — bank statements are required in almost every divorce. Learn what financial documents you must disclose, how far back courts look, what happens if your spouse hides assets, and how to protect yourself.
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Using a fake bank statement is fraud — a federal crime carrying fines and prison time. Learn the exact legal consequences, how fake statements are detected, and what happens when you get caught.
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Executors must show bank statements to beneficiaries upon request — typically within 30–60 days. Learn what beneficiaries are entitled to see, how long records must be kept, and what to do if an executor refuses.
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Need to share your bank statement but want to hide sensitive info? Learn exactly what to redact, what to leave in, and the safest tools for redacting PDFs and paper statements — for landlords, loans, visas, and more.
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A bank statement is NOT a utility bill — but both are accepted as proof of address in most situations. Learn when a bank statement works, when you actually need a utility bill, and what to do if you have neither.
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POS = Point of Sale (a card swipe or tap). Quick guide to every POS label: POS debit, POS purchase, POS hold, POS refund, POS AUTH. Includes what to do if you don't recognize a POS charge.
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QIF (Quicken Interchange Format) is a legacy file format for importing bank transactions into Quicken and older accounting software. Learn what QIF is, how it compares to CSV and OFX, and the easiest way to get your bank statement data into any format.
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