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How to Read a Bank Statement Handout Right Track Form

How to Read a Bank Statement Handout Right Track Form

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what is a bank statement a bank statement is a valuable tool to keep track of your financial activity and ensure that your account is in good order it is a record that shows all transactions made to your account during a specified time period and it usually covers monthly activity it contains information like account balances and withdrawals as well as contact information regularly reviewing your bank statements is essential to keep track of your spending habits spot fraudulent activity and to create a budget bank statements can be received online or by mail it is recommended that you keep them for at most seven years for tax preparation let's begin by identifying the most important information on your bank statement the following information should be on your statement Bank information this includes the bank's name address and contact information statement period this describes the time span that the statement covers account number this number is unique to your bank ac

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