Statement Guide Cb

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B2B Statement guide for Commonwealth Bank

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Statement Guide Cb

  1. 1. Account Analysis Statement GuideUse this handy reference guide to read and understand your business analysis statementT his guide provides detailed information to aid you in better understandingyour account analysis. Each month you receive a detailed account analysisstatement for each individual account that pertains to your business financialactivity. For businesses with multiple accounts, you will receive a summaryaccount analysis statement for your entire billing relationship. Commonwealth Bank & Trust Company Real people. Real service. Real business. MEMBER FDIC
  2. 2. Account Analysis StatementT he Account Analysis Statement summarizes your average monthly balances, average float, reserverequirement, required balance, and net available funds. It is a step-by-step review of all services usedduring the month, product volumes, service charges and required balances. It displays how your netavailable funds and earnings credit are calculated.To better understand the Account Analysis Statement, simply follow the numbers and theircorresponding descriptions on the adjacent sample statement.1. Account Number: 9. Net Available Funds: 18. Less Charges & Fees Paid:Your checking account number. Sum of average positive collected This amount is the sum of all fees balances less reserve requirements, that have been paid in advance by2. Statement Period: less balances required. Balance on debiting the account. This amountBeginning and ending of the which earnings credit rate is applied. is subtracted from the Total Chargesstatement. & Fees. 10. Description:3. Personal Banker: This column lists all services used 19. Net Charges & Fees:Your Commonwealth Bank Business during the month. This amount is the result ofBanker. subtracting Charges & Fees Paid 11. Quantity Actual: from Total Charges & Fees.4. Average Ledger Balance: This column measures the actualEnd of day balance after all debits and number of units used for each service. 20. Weighted Uncollected Funds:credits have been posted to account; Sum of daily negative collectednet sum of the daily positive and 12. Quantity Charge: balances for the month divided bynegative ledger balances for the This column measures the number of the number of days in the month.month divided by the number of days units charged for each service.in the month. (Balances of the last 21. Weighted Earnings Credit:preceding business days are used for 13. Per Item Charge: The calculated value of balancesweekends and holidays.) This column lists the price for each maintained during the month which service. can be used to offset balance5. Less Average Float: compensated service charges.Difference between average ledger 14. Charge Amount: The earnings credit rate is displayedbalance and average collected balance This column displays the total charge on each analysis statement. Thefor the month. for each service. The charge is earnings credit is calculated by the calculated by multiplying the Quantity Net Available Funds X Earnings Credit6. Average Collected Balance: Charge by the Per Item Charge. Rates x (Days in month/Days in year).Ledger balance less the float; net sumof the daily positive and negative col- 15. Amount Paid: 22. Analysis Fee Beforelected balances for the month divided This column displays any service Adjustments & Tax:by the number of days in the month. that have already been paid for by Amount owed, if any before any debiting the account. adjustments or taxes.7. Less Reserve Requirement:Portion of the positive balances 16. Required Balance: 23. Adjusted Analysis Fee:Commonwealth Bank keeps on The balance required to offset service Amount of any adjustments.deposit at the Federal Reserve. charges. This amount is calculated by(Not used to offset service charges.) dividing the charge for service by the 24. Weighted Taxes (State & Local): earnings credit rate then multiplying State and local taxes if applicable.8. Less Balance Required: the number of days in the year andTotal balances needed for services dividing by the number of days in 25. Analysis Fee:rendered. the month. Charge for Services after deducting the total charge from services from 17. Total Charges & Fees: the earnings credit. This amount represents the sum of all service charges for the month.
  3. 3. 3 2 14 56 78 9 10 11 12 13 14 15 1617 1819 20 2122 2324 25
  4. 4. Real people. Real service. Real business. www.CBandT.com MEMBER FDIC

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