Column Bank Statements

Column automatically produces monthly statements for all open bank accounts on your platform. These statements are comprised of activity that affects the balance of an account such as ACH transfers, wires, interest payments, etc.

Statement Period

Even though Column internally processes transactions 24/7/365, the bank closes the end of each banking day at 4pm Pacific Time. This means that each monthly statement period will be from 4:01 PM PT the last day of the previous month to 4:00pm PT of the statement month. For example, a statement for August would be from 4:01pm PT July 31 to 4:00pm PT August 31.

This means, for example, that a wire transfer sent at 5pm PT on the last day of a month will be included in the next month's statement.

Account Structures

Different types of statements are generated depending on the type of structure a bank account is associated with. If your platform has "bank accounts" that are part of an SFBO or FBO account structure, the bank accounts are considered subledgers of the SFBO/FBO such that a single statement will be generated encompassing all activity across all subledgers. For all other account structures, a single statement per account will be generated.

Accessing Statements

Statements can be accessed both via the dashboard and the reporting API. Once a statement is available, a reporting.bank_account_monthly_statement.completed event will be sent to your system if webhooks are configured that will contain the URL to download both the csv and pdf statements.

Statements can also be downloaded via the dashboard from the documents section or while viewing an individual bank account by clicking the statements tab. For consolidated statements for SFBO/FBO accounts, they are only available via the API or the documents section of the dashboard.

PDF statements will not be generated for accounts that have more than 10,000 transfers within a monthly period.