What is Bank Statement
A Bank statement is a document (also referred to as an account statement) that’s typically sent by the bank to the account holder monthly , summarizing all the transactions of an account during the month. Bank statements contain checking account information, like account numbers and an in depth list of deposits and withdrawals.
What Shows up on a Bank Statement?
What is included in a bank statements varies based on yours financial institution. If you have a checking and savings accounts at one bank, you may see both in the same reports.
Here’s what’s generally on a bank statement:
- Account number
- Home address
- Statement period
- Bank’s customer service number
- How to report errors or fraudulent activity
- Beginning balance for the time period
- Interest or dividends earned
- Ending balance for the time period
For each item, you’ll also see a transaction date & the payer or payee name.