Bank Statement for a Customs Broker

Licensed customs brokers help importers clear goods through customs, often collecting funds to pay duties and fees on the importer's behalf alongside their own brokerage fee — creating a bank statement pattern that mixes pass-through government payments with actual broker revenue. This guide covers organizing that for compliance and financing purposes.

Key Benefits

How It Works

  1. Step 1: Download 12 months of business bank statements as PDFs
  2. Step 2: Convert them to Excel with Bank Statement Converter to separate broker fees from duty pass-through amounts
  3. Step 3: Reconcile transactions against your entry filings and client invoices
  4. Step 4: Provide the organized records to lenders, your surety bond provider, or CBP as required

Frequently Asked Questions

Do customs brokers need a special license?
Yes, customs brokers must be licensed by U.S. Customs and Border Protection, which involves passing an exam and meeting ongoing financial responsibility requirements.
How is a customs broker's actual revenue different from total transaction volume?
The broker's fee is the actual revenue; duties, taxes, and fees collected on behalf of importers and remitted to the government are pass-through funds that shouldn't be counted as broker income.
What is the surety bond requirement for customs brokers?
CBP requires licensed brokers to maintain a bond ensuring proper handling of duties and compliance obligations, and bonding companies may review financial records including bank statements as part of underwriting.
Can customs brokerage revenue support a business loan application?
Yes, once bank statements clearly separate the broker's actual fee revenue from pass-through duty payments, lenders can properly evaluate the business's true financial performance.
Convert Your Customs Broker Statements