what is a bank statement?

[jenny]

What is a bank statement, and what details does it usually contain? How does a bank statement help track deposits, withdrawals, and balances? Why is a bank statement often required for financial verification or record-keeping?

 

[enzo]

A bank statement is basically a summary of what’s been happening in your bank account, money coming in, money going out, and what balance you’re left with. It helps you keep tabs on your finances and is often asked for as proof when you need to verify income or transactions.

 

[Lily]

Bank statement is a formal report of all money dealings of a given account within a given time frame (typically a month). It records the deposits, withdrawals, fees and interest giving you a clear record of the opening and closing balances.

 

[James Miller]

A bank statement is a bank report that sums up the activity in the account within a given time frame in terms of deposits, withdrawals, fees, and balance at the end of the period.

 

[Aurora]

A bank statement is an official document from a bank that shows all the activity in your account over a specific period (usually monthly). It includes your opening and closing balance, deposits, withdrawals, transfers, debit card use, fees, and interest. Bank statements help you track spending, verify transactions, and are often used as proof of income or address for loans, visas, or tax purposes.