Charge Secured Statements

Synctera APIs provide all the raw data necessary to create a periodic account statement. The contents of a charge secured account statement may be governed by various regulations, therefore it is essential to add the necessary fields when creating a periodic statement. Please consult with your compliance officer further.

Statement content

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A CHARGE_SECURED account is directly linked to a separate deposit account. Information about both accounts will be included in a statement of type CHARGE_SECURED:

  • All top-level information in the statement payload pertains to the CHARGE_SECURED account.
  • Information in the credit_summary section of the statement payload also pertains to the CHARGE_SECURED account.
  • Information in the security_account_summary section of the statement payload pertains to the linked deposit account.
  • The transactions returned by GET /v1/statements/{statement_id}/transactions will also include transactions by the linked deposit account.

In order to produce regulatory-compliant, human-readable statements, this API provides the following information:

SectionField(s)Description
statement_typeThe type of the statement, i.e. CHARGE_SECURED
start_date and end_dateThe date interval covered by the statement, inclusive.
issue_dateThe date the statement was issued.
opening_balance and closing_balanceThe final posted balances recorded at the beginning of start_date and at the end of end_date.
disclosureA suggested disclosure statement to display.
total_transactionsThe number of transactions posted during this statement period. See this section for guidance on how to access the full list of transactions.
account_summary-Information about the account.
account_summaryfinancial_institutionInformation about the financial institution managing the account.
customer_service_details-Contact information for use by the customer if they wish to dispute the information in this statement.
primary_account_holder_personal-When account_summary.customer_type is PERSONAL then primary_account_holder_personal contains information about the person acting as primary account holder.
primary_account_holder_business-When account_summary.customer_type is BUSINESS then primary_account_holder_business contains information about the company holding this account.
joint_account_holders-A list of all individuals designated as joint account holders for this account.
authorized_signer-A list of all individuals designated as authorized signers for this account.
credit_summaryaprDescribes the annual percentage rate in effect.
credit_summarybalance_for_interestThe balance used to calculate the interest accrued on the account.
credit_summarycredit_limitThe credit limit set on the account. For this account type, the credit limit is based on available funds in the security account, so the value depends on the state of the security account, and is not preset.
credit_summaryinterest and interest_ytdThe total interest accrued at the end of this statement, both for this statement period and for the calendar year so far.
credit_summaryfees and fees_ytdThe total fees accrued at the end of this statement, both for this statement period and for the calendar year so far.
credit_summaryminimum_payment_dueThe minimum payment amount expected by the payment due date.
credit_summarypayment_due_dateThe date by which payment is expected.
credit_summarylast_payment_dateThe date on which the last payment is received.
credit_summarypayments_receivedThe total payment amount received during the current billing priod.
credit_summaryis_past_due and amount_past_dueThe indicator of an account which is past due and its past due amount.
credit_summaryamount_over_limitThe portion of the statement balance that exceeds the account's credit limit.
security_account_summaryapyIf the security account has an interest product associated with it, this field will describe the APY earned based on the interest payout in this period.
security_account_summarydisclosureA suggested disclosure statement to display for the security account.
security_account_summaryinterest and interest_ytdThe total interest accrued by the linked account at the end of this statement, both for this statement period and for the calendar year so far.
security_account_summaryinterest_previous_month and interest_previous_yearThe total interest accrued by the linked account at the end of this statement, both for the previous statement period and for the previous calendar year.
security_account_summaryopening_balance and closing_balanceThe final posted balances for the linked account recorded at the beginning of start_date and at the end of end_date.