A bank statement is an official document provided by a financial institution, such as a bank or credit union, that outlines the financial transactions and activities of an account over a specific period of time. It serves as a record of the account holder’s financial interactions, including deposits, withdrawals, transfers, and other relevant details.
Here are the key components in bank statement:
Bank statements are important documents for various financial and legal purposes. They can be used as proof of income, for tax reporting, in loan applications, and in legal proceedings.
Account holder: John Doe
Account number: 123456789
Statement period: January 1, 2023, to January 31, 2023
Beginning balance: $5,000.00
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Date          Transaction Description        Amount
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01/05/2023   Deposit – salary            +$3,000.00
01/10/2023   ATM withdrawal            -$200.00
01/15/2023   Debit card purchase        -$150.00
01/20/2023   Online transfer             -$500.00
01/25/2023Â Â Â Check #1234Â Â Â Â Â Â Â Â Â Â Â Â Â Â -$100.00
01/31/2023   Service charge            -$5.00
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Ending Balance: $7,045.00
Actual bank statements may include additional details, such as interest earned, fees, and other information specific to the account.