![]() ![]() ![]() Once you receive the statement, you are to get your checkbook and compare records. The third step has the bank sending your statement to your home address or the address on file. The second step is the bank printing that information either by category or in chronological order. That means it records every deposit, every withdrawal, every check, and every ATM transaction. The first step in the process is that the bank records every transaction you make regarding the account in question. This information can be grouped by deposits or by checks and withdrawals, or it can just be a running statement of individual transactions in chronological order. In other words, it informs you of everything you have done for the previous 30 days as well as telling you how much money you have left in that account. The main purpose of the bank statement is to give you an accurate account of the financial transactions you carried out that involved your bank account at a certain bank. ![]()
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