A Bank statement, also called as an Account Statement, is a document that a bank sends to the account owner towards the end of every month. This document summarizes all of the transactions that took place during that month.
Generally, if you want the statement for a specific period of time, you can request the same from the bank as well. A typical bank statement comprises bank account information like account number, withdrawals, deposits, and more.
Several banks provide two different options in terms of receiving bank statement – paper and paperless. The former gets delivered to the home via post; the latter is sent via email. Apart from that, there are some such banks that provide statements as an attachment. And then, some also offer an option to print bank statement through ATMs.
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Basically, this statement provides an overall view of the account. It summarizes the following pointers:
The top of the account statement covers the details of the account holder, including name, residential address, and registered contact number. Below this section, details of the account get covered that summarize the account number, type of account, and other relevant details.
In the end, the statement shows the transaction details along with the date, specific amount and the details of the payer or the payee.