The summary panel at the top of your statement is the whole period in miniature. Read it first and the detail below simply confirms the story.
What the panel shows
- Opening balance — what you owed at the start of the period.
- Drawdowns and repayments — money out to you and money in from you.
- Interest charged — the cost for the period.
- Closing balance — what you owe at the end.
Using it
Opening balance, plus any drawdowns and interest, minus repayments, equals the closing balance — the panel is that sum made visible. If the closing figure matches your books, you’re reconciled and can move on. If it doesn’t, the transaction list below shows exactly which movement to check. Because the arithmetic is simple, the panel is a reliable at-a-glance health check.
Your facility is priced with simple interest and the figures fixed up front on your Key Information Sheet, so nothing here changes what you owe by surprise — it only changes how you view, manage or evidence it.
See also: The summary panel at the top of your statement, How to read your statement of account, How to get a simple summary of what you owe.