what is a bank statement?

[riya]

I'm trying to understand what exactly a bank statement is. Can someone explain what information it includes and why it's important? Also, how often do banks usually send these statements?

 

[kuldeep]

A bank statement is a document provided by a bank that shows all the transactions in a customer’s account over a specific period, usually a month. It includes deposits, withdrawals, transfers, fees, and the account balance. Bank statements help individuals and businesses track their finances and verify account activity.

 

[peterkavinsky]

A bank statement is a summary of all financial transactions in a bank account over a specific period, usually a month. It includes deposits, withdrawals, transfers, and the account balance.

 

[brook]

A bank statement is a record offered by a bank which indicates all the transactions made by the account of the client in a particular duration, in most cases a month. It entails deposits, withdrawal, transfer, fee, and the balance on the account. The bank statements assist individuals and businesses to monitor their money matters and authenticate the proceedings in the accounts.

 

[Shane Warne]

A bank statement is a summary of all transactions in a bank account over a set period, showing deposits, withdrawals, fees, and the account balance.