Bank Statement
A bank statement summarizes all the account's monthly transactions and is typically sent by the bank to the account holder every month in paper or digital form. Bank statements contain checking and savings account information, such as account numbers and a detailed list of deposits and withdrawals.
Definition: A bank statement is a document sent by a bank to an account holder every month, detailing all transactions within a specific period. It can be in paper or electronic form and includes account numbers, deposits, withdrawals, transfers, and other detailed information.
Origin: The concept of bank statements originated in the early days of banking when banks needed a way to report account activities to customers. With technological advancements, electronic statements have become more common, offering more convenient access.
Categories and Features: Bank statements are mainly divided into paper statements and electronic statements.
- Paper Statements: Traditional mailing method, suitable for customers not accustomed to using electronic devices, but has mailing delays and environmental concerns.
- Electronic Statements: Provided via email or bank websites, convenient, fast, environmentally friendly, and easy to archive, but requires customers to have some electronic device usage skills.
Specific Cases:
- Case 1: Mr. Zhang receives a paper statement by mail every month. By reconciling the statement, he discovers an unauthorized withdrawal and promptly contacts the bank to resolve the issue.
- Case 2: Ms. Li opts for electronic statements and checks her account transactions through the mobile banking app every month, which is convenient and reduces paper waste.
Common Questions:
- Question 1: Why are there unauthorized transactions on my statement?
Answer: It could be due to account information leakage or theft. It is recommended to contact the bank immediately and change the account password. - Question 2: How do I switch to electronic statements?
Answer: You can set this up through the bank's official website or mobile app by selecting the electronic statement option.
