A bank statement is a monthly or quarterly document that summarizes your activity to show what money went in and out of a bank account. It can help you track finances, catch account mistakes and understand your spending habits on a regular basis. The statement includes an account summary, transaction details, and instructions for reporting any inaccuracies. If you have a checking and savings at the same bank, you might get both in the same report. A statement period is usually one month long, and it may not match up with the calendar month. This definition is according to nerdwallet.com



