Bankstatement is a solo project by GenesiskeyboardistTony Banks, issued under a band name. The other band members were singers Alistair Gordon and Jayney Klimek. Banks had the idea for Bankstatement after hearing of the success that Mike + The Mechanics were having in both Europe and America. It was Banks' third studio album (his first issued under a band name and fifth album overall).
In a retrospective review, AllMusic praised the album for achieving well-crafted mainstream pop, and regarded it as a mystery that neither the album itself nor its singles were hits. They especially praised the three lead vocalists, saying they "do an outstanding job blending with fluid, often dark soundscapes."