Bank Statement: Definition, Examples & Usage

Meaning 1：account summary (bank statement)

bank statement 🔊

/ˈbæŋk ˈsteɪtmənt/

A paper or online document from your bank that shows all the money you put in and take out of your account over a certain time.

account summary 🔊

➕

/əˈkaʊnt ˈsʌməri/

A periodic document from a bank listing all deposits, withdrawals, fees, and other transactions in an account.

📁 Category：Social Economy 🔖 Level：Basic

📘 Details & Usage

📖 Root Explanation

Bank' from Italian 'banca' (bench), 'statement' from Latin 'statutum' (declared).

💡 Mnemonic

Think of a bank robber demanding your statement – that document shows exactly where your money went!

📖 Example

When she applied for the apartment, the landlord asked to see her most recent bank statement to check her financial stability. 🔊 When she applied for the apartment, the landlord asked to see her most recent bank statement to check her financial stability.

🔗 Collocations

request a bank statement – to ask the bank to provide a statement

review your bank statement – to carefully look at the transactions on the statement

provide a bank statement – to give a copy of the statement to someone, e.g., for a loan application

🔄 Synonyms

account statement (n.) – A record of account activity issued by a financial institution.

monthly summary (n.) – A condensed report of account transactions sent monthly.

bank record (n.) – A written or digital record of banking transactions.

📖 Cultural Story

Medieval Italian moneylenders used benches ('banca') to exchange money. 'Statement' derives from Latin 'statutum' meaning 'set forth'. Bank statements became essential in the 20th century for transparent account records.