Bank Statement

A bank statement is a document provided by a financial institution to an account holder, typically on a monthly basis. It outlines the transactions and balances of a specific bank account over a particular period, often a month. Bank statements include details such as deposits, withdrawals, checks cleared, electronic transfers, fees, interest earned, and the beginning and ending account balances. They serve as a record of financial activity and are essential for tracking spending, budgeting, reconciling accounts, and monitoring for errors or unauthorized transactions.