What's the difference between an account confirmation and a statement?

The wider picture

The key points from the guide this answer comes from:

1. An account confirmation letter, often called proof of account or a bank account verification letter, shows that your business holds an account and gives its details. Customers, marketplaces and payment platforms often ask for one before they'll pay you.
2. In AlignPay, download it as a PDF from the account itself, next to Copy all details, or from the Statements dialog under Account confirmation.
3. The letter states who holds the account, the currency, the account details exactly as Receive shows them, the payment methods, the date opened and that the account is active on the date of the letter.
4. Some requesters only accept a letter from the bank that holds the account. If yours does, ask Align for a letter from its banking partner.

More questions on this

• Whose name is on the letter?
• Can I get one for each currency?

The full guide

Open the account from Home and choose Account confirmation, or use the Account confirmation side of Statements. You get a one-page PDF that names your business, the account details and the date it was opened, and confirms it's active.

Read How to download a proof of account letter (account confirmation) from AlignPay, with its sources.

General information, not legal, tax or financial advice. Rules and providers' terms change; check the sources in the guide and take advice on your own situation.