Understanding your statement | INTWARI SACCO GICUMBI

Read the statement in three passes

Check the period and opening figure

Confirm the account and statement period. Compare the opening balance with the previous statement’s closing balance.

Match each entry to a record

Check dates, descriptions, money in and money out. Flag duplicate or unfamiliar entries without removing them from your records.

Ask about the difference

Distinguish posted entries from pending items. Ask the SACCO about charges, holds and the amount actually available to withdraw.

MAKE IT CONCRETE

Example: checking a closing balance

A learning example only. Real statement formats and transaction descriptions can differ.

Opening balance: 40,000 RWF
Money in: + 25,000 RWF
Withdrawals: − 10,000 RWF
Example recorded charge: − 500 RWF

54,500 RWF closing balance

40,000 + 25,000 − 10,000 − 500 = 54,500. The 500 RWF charge is hypothetical. Confirm the actual available balance with the SACCO.

Your review checklist

Tick what you have preparedI checked the account and the statement period.I matched transactions with receipts.I noted unfamiliar entries and their amounts.I kept a copy in a safe place.

Ticks are not sent to the SACCO. Download the sheet to keep your own written record.

An entry you do not recognise?

Contact the SACCO through a confirmed channel. Provide the date, amount and transaction description and keep the reference you receive. Do not post full statements publicly or share your PIN or password.

Sources and further reading

General record-review guidance. US rules and dispute deadlines are not applied here.

CFPB

Reviewed: 14 September 2026