A proof of balance or transaction summary can come in handy for a number of things, like responding to government agency requests, loan applications or transaction disputes. Here’s some of the main ones:
Proof of balance
This is a statement on a Bankwest letterhead that shows the date your account was opened and your current balance at the time you request it for transaction or savings accounts. You might be asked for one to verify your account for various applications (like Centrelink).