Why This Guide Matters
At Charles & Dean, we've helped over 7500 businesses secure funding, with more than £175 million financed in the last 12 months alone. One crucial step that often delays applications is obtaining proper bank statements. This comprehensive guide will help you quickly download and prepare your statements, ensuring a smooth approval process whether you're seeking Hire Purchase, Finance Lease, Business Loans, or Refinance solutions.
Why Bank Statements Matter for Finance Applications
Lenders use your business bank statements to:
Verify Trading History: Demonstrate your business's regular income and activity patterns
Assess Cash Flow: Show how you manage your working capital and handle seasonal variations
Evaluate Affordability: Prove your ability to meet repayment obligations
Review Business Health: Understand your overall financial stability and management
Validate Revenue: Confirm your stated turnover and income sources
Note: Most banks and lenders require official bank statements rather than transaction lists or exports.
Time Requirements & Statement Periods
Standard applications typically require 3-6 months of recent statements
Larger loans or asset finance may need up to 12 months of history
All statements must be consecutive with no gaps
Statements should be no more than 2 weeks old when submitted
Step-by-Step Download Guide by Bank
Mobile App:
Tap 'Home' in your app's menu bar
Select 'Manage' to the right of your transaction feed
Choose 'Bank statements'
Online Banking:
Log into Online Banking
Go to 'Profile' > 'Statement and document preferences'
Select 'Go paperless for all accounts'
Mobile App:
Open app > 'More' > 'Settings'
Choose 'Statement/letter preferences'
Select 'Go paperless'
To Download Statements (Mobile App):
Tap 'More' in the bottom menu
Select 'Statements and Documents'
Choose the required statement
Click on the arrow in the top right corner
Online Banking:
Log in and select 'Statements' from quick links
Choose statement type, year, and month
Download to your device
Online Banking:
Log in and select 'Statements & Documents' from the menu
Find your desired statement and select 'View in PDF/Text Format' or 'Download' under 'Action'
Click 'Go' to open statement in a separate window
Click the printer icon in the top right and select 'Print'
Online Banking:
Log in to Online Banking
Select 'Statements & transactions' then 'Statements'
Choose your account and time period
Click the statement cycle link to download PDF
Mobile App:
Select your account after logging in
Tap 'Statements' option
Choose your statement
Tap the export button in the top right
Online Banking:
Sign in and select account
Select 'Statement options'
Choose the download option
Other Major UK Banks' Statement Download Guides
For detailed guides on downloading statements from other major UK banks, please visit their official help pages:
Preparing and Submitting Your Statements
Essential Statement Requirements:
Ensure each statement includes:
Bank logo and official branding
Full company name and business account details
Sort code and account number
Complete transaction history with running balance
Monthly opening and closing balances
Business account type identifier
Statement period dates clearly shown
Organising Your Statements:
Create a dedicated folder for your application
Name files consistently: 'CompanyName_BankName_YYYY_MM'
Arrange statements in chronological order
Check all pages are included and readable
Verify no transactions are cut off or missing
Secure Submission Methods:
When sending statements to your finance provider:
Convert all statements to PDF format
Keep copies of all submitted documents
Confirm receipt with your finance specialist
Common Issues to Avoid:
Sending screenshots instead of official PDFs
Missing pages or incomplete statements
Poor quality scans or unreadable documents
Sending CSV or Excel formats
Using personal instead of business statements
Submitting outdated statements
Need Assistance?
Our experienced finance team has helped thousands of businesses secure funding. Whether you need asset funding, property finance, or working capital solutions, we're here to help with:
Guidance with online banking systems
Questions about specific bank requirements
Statement verification before submission
Technical support
Understanding lending criteria
Contact your dedicated Charles & Dean Commercial Finance Specialist. With over 7500 satisfied clients and £175 million in funded finance, we understand the application process and we're here to support you fund your ambition.
Comments