To reconcile your bank and trading account statements, compare each transaction in both statements carefully. Check deposits, withdrawals, and payments to ensure they match. Note any differences or missing transactions and follow up with your bank or broker if needed. This helps keep your records accurate and avoid errors.

What Is Account Statement Reconciliation?

Account statement reconciliation means matching your bank statement with your trading account statement to make sure all transactions are recorded correctly. This process helps identify any mistakes, fraud, or missing entries so you can keep your financial records clean and accurate.

How to Download Your Bank and Trading Statements?

You can download your bank statement from your bank’s online portal or mobile app. Similarly, download your trading account statement from the Angel One app or website. Make sure to download statements for the same period to compare transactions easily.

Step-by-Step Guide to Reconcile Statements

First, open both your bank and trading statements side by side. Check all deposits made to your trading account and match them with bank debits. Next, verify withdrawals from your trading account and match them with credits in your bank statement. Look for brokerage charges, fund transfers, or dividend payments and ensure they appear on both statements. Mark each matched transaction, and note any differences to investigate further.

What to Do If You Find Discrepancies?

If you notice transactions that do not match or are missing in either statement, immediately contact your bank or Angel One customer support. Keep records of these differences and provide details to help them investigate. Resolving discrepancies quickly prevents financial loss or confusion later.

How Often Should You Reconcile Your Statements?

It is best to reconcile your bank and trading statements every month. Monthly reconciliation helps you catch errors or unauthorized transactions early. It also helps you track your investment cash flows better and maintain clean financial records.

Benefits of Reconciling Bank and Trading Accounts

Regular reconciliation helps you maintain accurate financial records, avoid mistakes, detect fraud early, and plan your investments better. It ensures your money movements are transparent and aligns your bank and trading activities smoothly.