A bank statement is usually free of charge, especially for digital copies sent by email. ![]() All necessary details must be provided in the application to avoid any problems. Individuals can use it to apply for loans, prove legal claims, guide financial decision-making, and trace bank transactions daily, weekly, or even monthly for account discrepancy checking.Īccount holders can get a bank statement by applying to the bank. Primarily, bank statements provide information on the financial transactions of an account holder, but this is not its only function. ![]() These features benefit individuals who want an overview of their financial health and status or those who might need to monitor expenses. It summarizes financial transactions over a period and shows the amount of funds in an account. A Bank Statement is a financial document generated by banks and financial institutions.
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