What is a bank statement?

Answer A bank statement is necessary for keeping good financial records. It allows you to see what changes are being made to your bank account and to make sure that you understand and authorize all of tho... Read More »

Top Q&A For: What is a bank statement

What Is an Original Bank Statement?

Many adult consumers have at least one bank account for saving money, writing checks or keeping money safe until using it to pay bills. Banks issue statements for their customers to keep records an... Read More »

What is a bank reconciliation statement?

Checking accounts are a type of account held at a bank or credit union that allows you to access money through the use of paper checks that businesses or other individuals can deposit or turn into ... Read More »

Can You Withdraw From Your Own Bank Account Without Withdrawal Appearing on Your Bank Statement?

Your bank records your bank withdrawals on monthly statements. If you bank with an institution that provides online banking, withdrawals are also visible as they post, though this information is on... Read More »

What does"POS"mean on a bank statement?

When you see the abbreviation "POS" on your bank statement it is short for "point of sale," which refers to the location where you made a purchase. In a business setting, POS is the system used by ... Read More »