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Bank Statement Definition

February 11, 2015

smayes

Definition
A record of financial transactions in a bank account for a set period of time, usually monthly.

Extended Definition
A bank statement lists all the deposits, withdrawals and bank charges for a particular account. Details on a bank statement include a list all checks, debit card transactions, and current bank balances. Bank statements are usually mailed but are also accessible online.

Related Article:
The Bank Statement: A Valuable Business Tool

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