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# Why do you need a bank statement if I already entered my banking information?

The bank statement is crucial for validating the provided bank information. It serves to confirm not only that the account belongs to you but also verifies your home address in the process. It's important to note that simply connecting to your online account doesn't provide visibility into whether there is a joint account holder. The bank statement, however, clearly outlines all account holders and their associated details, ensuring accurate verification.