What are Bank Statements?
Bank statements are record compiled by a bank to show items like balance and activity within the account. It is common for most people with checking accounts to receive a monthly bank statement. Those with savings accounts may get statements less often, and many only receive a quarterly record. It used to be the case that many banks only sent such records out every three months or even less frequently, but now most people depend upon viewing a monthly statement to balance like checking and other active accounts. There are several features that most bank statements possess. These may include a beginning and ending balance. A monthly statement would probably show what the balance was at the beginning and end of the month recorded. This doesn’t mean it is completely accurate or accords with current balance, since most people won’t receive their statements until a couple of days after the recorded period has ended. New activity in the account like deposits or withdrawals can quickly change
