How to read your statement

A sample bank statement with numbers annotating each of its parts.

Understanding a bank statement

Instructions: Click each item below to learn how to read a bank account statement.

1. Bank name and address

This is the name and address of the financial institution.

2. Statement date

This is the period of time covered by this statement.

3. Account number

This number identifies the account covered by this statement.

4. Account balance

This is the account balance according to the bank on the closing date of this statement.

5. Deposits

This section lists the deposits made during the statement period.

6. Description of deposits

This column describes how each deposit was made.

7. Amount

This column lists the amount of each deposit and the total of all deposits.

8. Checks

This section lists any checks that were paid during the period, including each check number, date, and amount.

9. Other withdrawals

This section lists other withdrawals such as debit card purchases and other electronic payments.

Each month, you should compare your records to the bank’s records to make sure that they match. If you use online and mobile banking, you can review your accounts any time.

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