The “Bank-Format” statement is different from the standard detailed statement in the following ways:
1. Bulk Payments and associated charges are represented as a single Debit off your account;
2. Stand-alone transactions and associated charges are represented as single entries (combining transaction amount and charges into a single credit or debit)
This dramatically reduces the number of pages of the statement, should your processes require a printed copy of the statement.
I suggest that you should include in your “bank format” statement an option for the customers to print out a detailed statement with the actual transactions and running balances.
This way one is able to do reconciliations with ease (particularly for organizations where statement reconciliations are required on a monthly basis).