The beginning and ending cash balance in the account.Here, the bank financial statement will also provide the amount of interest earned in a month unless otherwise provided by the agreement between the bank and the account holder. It will also provide the details of the account holder for security purposes.
Updated details of the bank account holder.Other pertinent information regarding the said transaction will also be provided. All the funds that are withdrawn from the account will be provided together with the respective dates of the withdrawal. Aside from them, it also provides the following: It provides the account holder with a cumulative balance of cash in the account and the net of all the preceding transactions. Download Characteristics of Bank Statementsīy definition, a bank statement is considered as a Word document issued by an authorized bank once a month to its clients or analysis customers.
