Bank Statement

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A bank statement or account statement is a summary of financial transactions which have occurred over a given period on a bank account held by a person or business with a financial institution .

A bank issues a bank statement to an account holder that shows the detailed activity in the account. It allows the account holder to see all the transactions processed on his account. Banks usually send monthly statements to an account holder on a set date. In addition, transactions on a statement typically appear in chronological order.

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