What Is A Valid Bank Statement?
A valid bank statement is a document issued by your bank that provides a detailed summary of your account’s activity over a specified period. It shows important details like deposits, withdrawals, transfers, and the account balance.
For guarantor applications, landlords request bank statements to verify the guarantor's financial stability, ensuring they can cover rent payments if the tenant is unable to meet their financial obligations. A valid bank statement should meet the following criteria:
1. Recent Date: It should cover the most recent 3-6 months of account activity to give an accurate snapshot of the guarantor's financial situation.
2. Clear Account Information: The bank statement should clearly show the account holder’s name, account number, and the bank’s details.
3. Visible Transactions: The document must show regular deposits, especially income-related ones, to demonstrate the guarantor's ability to cover rent if needed.
4. PDF or Printed Format: Bank statements must be in a format that cannot be easily altered, such as a PDF or printed copy issued directly by the bank.
5. Language: The bank statement must be in English or Dutch.
This is necessary to prevent fraud, confirm identity, and assess whether the guarantor can reliably cover the rent should the tenant default.
BANK STATEMENT EXAMPLE:
