mybankstatementanalysis · Blog
Practical articles on bank statements, spending, redaction, and personal finance. Clear answers, no filler.
149 articles
Pershing on your bank statement is a transfer to or from a brokerage account. Pershing LLC (BNY Mellon) is a clearing and custody firm that processes trades for brokerages like LPL Financial, Ameriprise, and Edward Jones. Learn every Pershing code and what to do.
See answer →
Learn how to read a bank statement line by line, decode merchant descriptions, review fees, and check the running balance.
Read guide →
NGIC, NATL GEN INS, and National General on your statement are all the same thing: a National General Insurance premium (now part of Allstate). Phone, refund, cancel, and dispute steps — in plain English.
Read guide →
Bank statements are generated monthly on your statement closing date. Learn when major banks release statements, how to find your date, online vs paper timing, and how to change it.
See answer →
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.
Read guide →
Many scholarships require bank statements to verify financial need. Learn what committees look for, how many months to provide, what to redact, and how to prepare your statement for need-based and international scholarships.
Read mortgage guide →
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.
Read guide →
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.
Read guide →
Self-employed? Lenders require 12–24 months of bank statements and calculate income differently than W-2 employees. Learn exactly what they check, how income is calculated, red flags to avoid, and how to prepare.
Read mortgage guide →
Yes — landlords can legally ask for bank statements as part of the rental application process. Learn what they can and can't ask for, what they're looking for, and how to protect your privacy.
Read mortgage guide →
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.
Read guide →
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.
Read guide →