Managing your finances efficiently requires regular monitoring of your bank statements. For Equity Bank customers, obtaining a statement is convenient, thanks to several accessible platforms. Whether you need a mini statement or a full account statement, Equity Bank offers multiple channels to suit your needs. These include Equitel, USSD *247#, the Equity Mobile App, and Equity Online.
READ ALSO: How to Login to SHA.go.ke Portal
In this article, we will walk you through the different methods of accessing your Equity Bank statement, providing step-by-step instructions for each platform. We will also explain how to obtain both mini and full statements, ensuring that you can easily track your transactions and manage your finances effectively.
What is Equity Bank Statement?
An Equity Bank statement is a detailed record of all transactions made in a customer’s bank account over a specific period. It includes information such as deposits, withdrawals, transfers, and payments, along with the dates, amounts, and descriptions of each transaction. The statement serves as an official document that provides a comprehensive overview of your financial activities, allowing you to keep track of how your money is being spent and earned.
The statement can be divided into two types: mini and full account statements. A mini statement typically covers recent transactions and is more of a snapshot of your latest account activity. On the other hand, a full account statement provides a complete history of all transactions within a selected date range, often used for financial planning, budgeting, or when documentation is needed for purposes such as loan applications, tax filings, or auditing.
Regularly reviewing your Equity Bank statement helps you monitor your account for unauthorized transactions, identify errors, and track spending patterns. It also allows you to ensure that your financial activities align with your budget and goals. Equity Bank offers various convenient ways to access these statements, including through Equitel, USSD *247#, the Equity Mobile App, and Equity Online, providing flexibility for customers to manage their finances efficiently.
Why Is It Important to Access Your Equity Bank Statement?
A bank statement is a detailed record of all transactions made in your account over a specific period. It allows you to:
- Track your spending habits: A bank statement shows a complete history of your expenses, withdrawals, deposits, and transfers, helping you understand where your money is going.
- Monitor account activity: By regularly reviewing your statement, you can quickly spot any unauthorized transactions or errors.
- Assist with budgeting: A statement provides an overview of your income and expenses, making it easier to create and stick to a budget.
- Meet documentation requirements: A full account statement is often required for various purposes, including applying for loans, filing taxes, or providing proof of income.
- Avoid overdraft fees: By keeping an eye on your balance, you can avoid overdrawing your account and incurring fees.
Given the importance of accessing your bank statement, it’s essential to know how to get one quickly and conveniently. Let’s dive into the various methods offered by Equity Bank.
How to get Equity Bank Statements in Kenya
The following are the mainb ways in which you can get your Equity bank statements here in Kenya.
1. Accessing Your Mini Statement via Equitel
Equitel is Equity Bank’s mobile banking service that allows customers to manage their accounts directly from their mobile phones. One of the services offered through Equitel is the ability to check your mini statement. A mini statement provides a summary of your most recent transactions, usually covering the last five or so activities.
How to Access Your Mini Statement via Equitel:
- Insert your Equitel SIM card into your phone and ensure it is active.
- Go to the Equitel menu on your phone. This is often pre-installed on devices using the Equitel SIM.
- Navigate to “My Money” and select the account from which you wish to retrieve the mini statement.
- Choose the option for “Mini Statement.”
- The mini statement will be displayed on your phone, showing your most recent transactions.
Equitel offers a quick and simple way to stay updated on your account activities without having to log in to more complex platforms.
2. Accessing Your Mini Statement via USSD *247#
If you do not have access to the Equitel SIM, you can still retrieve your mini statement using the USSD code *247#. This service works on any mobile network and does not require an internet connection, making it highly convenient.
How to Access Your Mini Statement via USSD:
- *Dial 247# on your mobile phone.
- Select the option for “My Account.”
- Choose the account you want to check and select “Mini Statement.”
- The system will then display your recent transactions on the screen.
This method is useful for customers who may not have a smartphone or access to the Equity Mobile App but still need to keep track of their account activities.
3. Accessing Your Equity Bank Statement via the Equity Mobile App
The Equity Mobile App is a feature-rich platform that provides full access to your banking services. Through the app, you can view both mini and full account statements. The app is available for download on both Android and iOS devices, making it accessible to the majority of smartphone users.
How to Access Your Full Account Statement via the Equity Mobile App:
- Download the Equity Mobile App from the Google Play Store or Apple App Store if you haven’t already.
- Log in using your username and password. If you are not registered, you will need to sign up by following the registration prompts.
- Once logged in, go to the “Accounts” section.
- Select the account for which you wish to view the statement.
- A summary of your recent transactions will be displayed. To view a full statement, tap “View your Statement.”
- Choose the desired date range for the transactions you wish to view. This can be a month, quarter, or a custom period.
- Once selected, you can either view the statement on your device or request for the statement to be emailed to you in PDF format.
With the Equity Mobile App, accessing your full account statement is just a few taps away, and you can keep a digital copy for future reference.
4. Accessing Your Equity Bank Statement via Equity Online
For those who prefer managing their accounts on a desktop or laptop, Equity Online is the best option. Equity Online offers the same functionality as the mobile app, including the ability to view and request account statements.
How to Access Your Full Account Statement via Equity Online:
- Visit the Equity Bank website and log in to Equity Online using your credentials. If you are not registered, follow the registration process on the site.
- Once logged in, navigate to the “Accounts” tab.
- Select the account you want to view and click “View Statement.”
- Choose the date range for which you want to view transactions.
- You will have the option to download or email the statement to yourself.
Equity Online allows you to manage your account from the comfort of your home or office, giving you full control over your finances.
Summary of the Methods to Get Your Equity Bank Statement
- Equitel: Quick access to your mini statement via the Equitel mobile service.
- USSD *247#: Ideal for accessing your mini statement without an internet connection.
- Equity Mobile App: A convenient platform for both mini and full account statements, accessible via your smartphone.
- Equity Online: Best for desktop users who need a full account statement with flexibility to download or email it.
Additional Benefits of Accessing Your Equity Bank Statement
Beyond monitoring your account, accessing your Equity Bank statement can also provide useful insights into your spending patterns. By reviewing your transactions regularly, you can:
- Identify opportunities to save by cutting unnecessary expenses.
- Spot any hidden fees or charges that you might not be aware of.
- Ensure that all transactions are accurate and authorized.
- Keep records for future use, such as tax filing or loan applications.
Conclusion
Equity Bank makes it incredibly easy for its customers to access their bank statements through various platforms. Whether you prefer using the Equitel mobile service, dialing the USSD code *247#, or utilizing the Equity Mobile App or Equity Online, there’s a solution to fit your lifestyle and needs. By regularly checking your bank statements, you can stay on top of your finances, spot any issues early, and maintain control over your financial health.
READ ALSO: How to Apply for a New ID in Kenya
So, take advantage of these services today and make managing your Equity Bank account more convenient than ever before. Don’t wait until the end of the month to review your statement – stay proactive with your account monitoring and ensure that your money is working for you.
Tutorials Handbook is your trusted online resource blog for clear, insightful and comprehensive blog posts tailored to the unique needs of Kenyans. We cover a wide range of topics such as: Tutorials, Services, Business, Finance, Education, Jobs, Social Media and Technology, providing practical, informative and step-by-step blog posts on a day to day basis. We empower Kenyans by delivering accurate, helpful and relevant information.
FIND AND APPLY FOR THE LATEST JOBS IN KENYA TODAY