What Is a Bank Statement and Why You Should Care?
A bank statement is a detailed record from your bank that summarizes all the activity in your account over a specific period. Why is your bank statement important? Track your spending: See exactly where your money is going. Spot errors or fraud: Catch any unauthorized transactions early. Check fees & interest: Make sure charges are correct and interest is paid. Proof of income & expenses: Useful for loans, taxes, and budgeting.
