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What does pay mean on a statement?

Question about ""Balance as of your last statement"?

  • Does this mean those checking your credit can see whatever the amount was in the balance of your last statement? When you have this balance, does it mean your were late? Or does it just mean that's what you need to pay when the due date comes?

  • Answer:

    "Balance as of your last statement" means that when the last statement was prepared, you owed (if it's a credit card bill) or you have (in your checking or savings account) $xxx amount of dollars. anything that happened with that account SINCE your last statement will be shown in this months statement. The ending balance from your last statement is the "Balance as of your last statement". Get your last statement and put it next to the current statement. Look at the ending balance on the last one, and look at the beginning balance on the current one. The 2 should match.

Paul L at Yahoo! Answers Visit the source

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We're going to need a little bit more information. Was this a statement received from your banking institution? Where is this coming from? If this is from your bank it seems like this is just your statement telling you of you balances as of the date the statement was generated. Who would be checking you bank account balance if this was indeed what we're talking about?

Leah B

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