What Is a Statement of Account?
A statement of account is an official record that shows the financial activity in your KAST account during a specific period. It typically includes details such as deposits, withdrawals, purchases, fees, and your running balance.
Statements are useful for tracking your spending, verifying transactions, and providing documentation for audits, loan applications, or other financial requirements. They serve as a reliable snapshot of your account’s activity within the covered timeframe.
What Duration Does My Statement of Account Cover?
A statement is a summary of your account activity for a completed calendar month. The "duration covered" refers to the first and last day of the selected month.
Statement of Account Durations
- Monthly: Statements cover one completed calendar month at a time.
- Current month: Current or in-progress months are not available for statement download.
- Availability: Completed months may become available after processing time.
Always check the header or summary section of your statement to see the exact dates included.
How Do I Request a KAST Statement of Account?
You can download a statement of account directly from the KAST app without contacting support. Statements are available by month and can be exported as a PDF or CSV.
Steps
|
|
|
|
|
|
|
|
|
| 6. Choose Transaction type: All transactions or a specific active card, Tap View statement | |
| 7. Choose Download PDF File or Export as CSV |
Once generated, the statement can be downloaded, shared, or saved for record-keeping, accounting, or reporting purposes.
Frequently Asked Questions
Is a Statement of Account the Same as a Receipt?
No, a statement of account is a summary of your account activity over time, while a receipt confirms a single transaction. Statements provide an overview, while receipts serve as proof of individual payments.
Will My Statement Show Pending Transactions?
Statements include transaction events that affected your balance during the selected month. For card transactions, events such as authorizations, reversals, settlement, refunds, or cash reward usage may appear as separate rows when they affect the balance.
Can I Use My Statement of Account for Official Purposes?
Yes, statements are often accepted as proof of financial activity. However, make sure to check the specific requirements of the institution requesting the document.
What If There Are No Transactions in the Selected Month?
You can still generate a statement for that month. It will show your opening balance, zero transactions, and closing balance.
Why Can’t I See the Current Month?
Current and in-progress months are not available for statement download. Only completed months can be selected once they become available after processing.
Can I Generate a Statement for a Specific Card?
Yes, you can choose All transactions for a consolidated statement or select a specific active card for a card statement.
Do Statements Include My KAST Loyalty Points?
Account statements focus on financial account and card activity. If Cash Reward was used and affected a card transaction, it may appear as a statement row. Loyalty points or rewards balances are not shown as a separate rewards statement.
Can I Request a Statement in Another Language or Currency?
In most cases, statements are generated in the default language and currency of your account. If you need a different format, contact the concierge team to check if this option is available.
Related to