Sunday, January 11, 2009

Definition of Bank Statement

Definition of a Bank Statement

A bank statement is a detailed statement issued by a bank showing a client's bank account balances according to the bank record. Most banks send their customers statements by mail or email month.

Customer can then check their funds available in the bank and to update their own records of transactions that have occurred. It is important that the customer check their bank statement for errors. A customer may have less money in their accounts than they think due to bank charges and fees or other errors.

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The information on this site is for informational purposes only and should not be used as a substitute for the professional advice of an accountant, tax advisor, attorney, or other professional.