A bank statement or account statement is a summary of financial transactions which have occurred over a given period of time on a bank account held by a person or business with a financial institution.
Bank statements are typically printed on one or several pieces of paper and either mailed directly to the account holder's address, or kept at the financial institution's local branch for pick-up. Certain ATMs offer the possibility to print, at any time, a condensed version of a bank statement. In recent years there has been a shift towards paperless, electronic statements.
Read more about Bank Statement: Paper Statements, Electronic Statements
Famous quotes containing the words bank and/or statement:
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (1788–1824)
“The new statement is always hated by the old, and, to those dwelling in the old, comes like an abyss of skepticism.”
—Ralph Waldo Emerson (1803–1882)