What is a bank statement?
A bank statement is an official document that summarizes your account activity over a certain period of time – typically one month.
You’ll find records of all transactions – both incoming and outgoing – so you know exactly what was going on with your funds during that period.
At the top of the statement, you’ll usually find your account number, the bank branch provider, your full name and home address, as well as the beginning and end period of the statement. Next, you’ll find the full list of transactions made within the statement’s timeframe – essentially all payments that came into your accounts, and all outgoing payments.
Usually covering a one-month period, statements include your incoming salary or payments, any transfers or deposits made, and cash withdrawals.
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