Electronic fund transfers include ATM transactions, transactions using your debit card, and payments you make through online bill payment. It also includes direct deposits and any recurring payments automatically deducted from your account.
If you have made no electronic fund transfers, some banks or credit unions may send you a quarterly statement instead of a monthly statement. Many banks and credit unions also offer the option to sign up for electronic statements.
See Also
What is Billing Statement? Components, Formats & How to CreateBank Account Statements FAQs: How to Order, View & DownloadWhat Is A Bank Statement? A Comprehensive Guide To Understanding And Utilizing Your Financial Records - DocuClipperWhat Is a Bank Statement: Definition, Benefits, and Requirements