An Account Statement or Bank Statement is a Summary of financial transactions that have happened over a prescribed period on a bank account held by a person or business with a financial institution. The Bank Statement shows all deposits made into the bank account and all payments made out, including any direct debits.
A bank statement typically provides a full overview of your account over the previous month which includes the beginning and ending balances of the account, deposits in the form of income, cash deposits, etc, withdrawals in the form of cash, cheques, etc., any interest that was made on the account or any bank fees or charges for service. These statements are mailed directly to the account holder so it is important to check your bank statement on a regular basis.
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