The National Commission for the Protection and Defense of Users of Financial Services (Condusef) announced a new universal format for the Account statements of credit cards.
This new format must be adopted by all banks that issue this type of products. This format has an implementation deadline of next October 15, although some financial institutions have already begun to use it.
The main objective of the new universal format is to establish a uniform structure for all credit card issuing banks. This is intended to make account statements easier to understand for users and allow for easier comparison between different account statements from various financial institutions.
Condusef has indicated that this change responds to the need to make financial information more transparent and accessible for consumers.
Implementing this uniform format has several advantages. First, a standardized structure allows users to quickly become familiar with the format, regardless of which bank issues their credit card.
This simplifies reading and analyzing the information contained in the statement. Additionally, by being able to easily compare account statements from different banks, users can make more informed decisions about which financial products are best suited for their needs.
To help users adapt to the new format, Condusef has made available a practical guide. This guide is designed to explain simply and clearly how to interpret the new universal statement. The intention is that users can better understand their financial situation and manage the use of their credit cards more efficiently.
Users have various options to receive your account statements. They can request that they be sent to your home, receive them by email or pick them up directly at your bank branch free of charge some.
In addition, it is also possible to download account statements from Internet banking or through mobile applications, thus facilitating access to information at any time and place.
The new universal format for credit card account statements, promoted by Condusef, promises to make financial information more accessible and transparent for users.
With a uniform structure, account statements are easier to understand and compare, allowing consumers to make more informed decisions and better manage their personal finances.
