Purchase Power statements explained
Learn more about your Line of credit (Purchase Power) statement, including the statement terms, summary of charges, and purchase summary.
Click Here to view a sample of a Purchase Power statement and an explanation of the statement structure.
Statement Terms
- A credit line that allows for consolidated billing of postage and shipping expenses.
- Itemized statements are issued monthly.
- Flexible payment terms allow you to pay the full or minimum amount due or anything in between.
- Payments are due 27 days from the statement date. See Purchase Power Payment Options.
Summary of Charges Explained
Use the below image for more information on any of the sections within the Summary of Your Charges.
For information on additional charges that may apply see Purchase Power fees explained
Purchase Summary Explained.
Transactions are grouped by type and summarized in the Purchases field. Individual transactions are itemized on the additional pages of the invoice.
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Postage Activity: Charges relating to postage meter refills.
- Tip: The description field will show the serial number of each individual meter on the account.
- Shipping: Shipping activity for parcels and packages.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Accordingly, in order to activate your Account, the Bank asks that you provide identifying information, including your address and taxpayer identification number. The Bank may also ask for additional identifying information, where appropriate, including asking that your representative who is opening your Account to provide his/her name, address, date of birth, driver’s license and/or other documents and information that will allow the Bank to identify him/her. In order to participate in the Program, you must provide the information described in this paragraph. You agree to provide all such requested identifying information.
Eligibility subject to credit approval and customer verification. This is not a commitment to lend, and this does not create, and is not intended to create a legally binding obligation on either of us. Program, rates, Terms & Conditions are subject to change.
Banking products and services are provided by The Pitney Bowes Bank, Inc., Member FDIC. Pitney Bowes, Pitney Bowes Bank, and the Corporate logo are trademarks of Pitney Bowes Inc. or a subsidiary. All other trademarks are the property of their respective owners. Pitney Bowes Bank is state chartered and located in Salt Lake City, Utah.
UPDATED: October 22, 2024