A bank statement is a document issued by a financial institution, such as a bank or credit union, that provides a summary of a customer’s financial transactions over a specific period. Bank statements are typically issued on a monthly basis and serve as a record of the account holder’s activities, including deposits, withdrawals, transfers, and other transactions.

Key elements and information found in a bank statement include:

1. **Account Information:**
– The bank statement includes details about the account, such as the account holder’s name, account number, and the statement period (e.g., monthly statement for the period ending on a specific date).

2. **Transaction History:**
– A list of transactions is provided, including deposits, withdrawals, checks cleared, electronic transfers, and other account activities. Each transaction is typically accompanied by a transaction date, description, and the amount.

3. **Beginning and Ending Balances:**
– The statement shows the beginning balance of the account at the start of the statement period and the ending balance at the conclusion of the period. The ending balance reflects the current available funds in the account.

4. **Interest Earned:**
– If the account earns interest, the statement may include information about interest accrued or paid during the statement period. This is common for savings accounts and certain types of checking accounts.

5. **Fees and Charges:**
– Any fees or charges applied to the account are detailed on the statement. This may include monthly service fees, overdraft fees, and other transaction-related charges.

6. **Check Images:**
– Some bank statements, particularly those delivered electronically, may include images of canceled checks. This allows account holders to review the details of written checks.

7. **ATM and Debit Card Transactions:**
– Transactions conducted using ATMs and debit cards, including purchases and cash withdrawals, are typically listed on the bank statement. These entries include details such as merchant names and transaction amounts.

8. **Online and Mobile Banking Transactions:**
– Transactions performed through online banking or mobile banking applications, including bill payments and fund transfers, are reflected on the statement.

9. **Currency and Date Information:**
– The currency used for transactions is specified, and transaction dates provide a chronological order of account activity.

10. **Account Summary:**
– Some bank statements include a summary section that provides an overview of account activity, total deposits, total withdrawals, and net change in the account balance.

11. **Contact Information:**
– The statement often includes contact information for the bank, including customer service phone numbers and website details.

Bank statements are important financial documents that allow account holders to monitor their spending, reconcile their accounts, and detect any unauthorized or erroneous transactions. Statements may be delivered in paper format via mail or electronically through online banking portals. It’s advisable for account holders to carefully review their bank statements each month to ensure accuracy and address any discrepancies promptly.