Short summary for understanding what bank statement is

A bank statement is designed to show you exactly what happened with your account during the past month.

It is a detailed record of all transactions that occurred on a bank account over a period of time.

A bank statement contains a lot of information, including:

  • The account holder’s name, address, and account number.
  • Beginning and end dates of the statement cycle.
  • All deposits to the account and withdrawals from the account during the statement cycle.
  • The account balance at the beginning and end of the statement cycle.