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.

 

[erwinsmith]

A bank statement is an official summary of all financial transactions in your bank account over a specific period, usually a month. It shows money going in (deposits, transfers, interest) and money going out (withdrawals, payments, fees).

Key details in a bank statement:​

• Account holder’s name and account number
• Statement period (start and end dates)
• List of all transactions with dates and amounts
• Starting balance and ending balance
• Bank fees or charges (if any)

 

[ankita]

A bank statement is an official document issued by a bank that summarizes all account activities over a specific period. It lists deposits, withdrawals, transfers, fees, and the closing balance. Bank statements help account holders track finances, verify transactions, identify errors, and maintain accurate financial records for budgeting or taxes.