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.

 

[jainnorton]

A bank statement is a document provided by a bank that summarizes all account transactions over a specific period. It includes deposits, withdrawals, transfers, and balances, helping account holders track their financial activity and verify the accuracy of their records.

 

[riya]

A bank statement is a periodic account, typically monthly, which a bank gives about all financial transactions, including deposits, withdrawals, transfers, fees, and interest, of a particular account during a particular period. It is a formal record of account movement, consisting of opening and closing balances and assists account holders to track cash flow, identify mistakes or fraud and to spend their money well.

 

[deepak]

A bank statement is a record from your bank that contains a summary of all financial transactions—deposits, withdrawals, and transfers—for a specified time period, usually a month. It includes your initial and final account balances, transaction data, any bank fees or interest collected, and the parties engaged in transactions. Bank statements help you keep track of your spending, discover fraudulent activities, and manage your money wisely.

 

[Mayank]

A bank statement is an official document issued by a bank that summarizes all account transactions, including deposits, withdrawals, fees, and interest, for a specific period. It helps account holders track finances and verify account accuracy.

 

[Jarwish]

A bank statement is a document provided by a bank summarizing all account transactions, including deposits, withdrawals, fees, and balances, typically issued monthly for record-keeping and financial tracking.