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Bank statement, the Glossary

A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution.^[1]

24 relations: Account aggregation, Annual report, Automated teller machine, Bank account, Bank reconciliation, Branch (banking), Cheque, Direct bank, Fee, Financial institution, Financial transaction, Fiscal year, Identity theft, Insert (print advertising), Interest rate, Investment, Online banking, Open banking, Paper shredder, Passbook, PDF, Savings account, Telephone banking, Transaction account.
Accounting source documents

Account aggregation

Account aggregation sometimes also known as financial data aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card, payroll accounts, investment accounts, and other consumer or business accounts, into a single place.

See Bank statement and Account aggregation

Annual report

An annual report is a comprehensive report on a company's activities throughout the preceding year.

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Automated teller machine

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.

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Bank account

A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded.

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Bank reconciliation

In bookkeeping, a bank reconciliation or Bank Reconciliation Statement (BRS) is the process by which the bank account balance in an entity’s books of account is reconciled to the balance reported by the financial institution in the most recent bank statement.

See Bank statement and Bank reconciliation

Branch (banking)

A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. Bank statement and branch (banking) are banking terms.

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Cheque

A cheque (British English) or check (American English); is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. Bank statement and cheque are accounting source documents and banking terms.

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Direct bank

A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, mobile app, email, and other electronic means, often including telephone, online chat, and mobile check deposit.

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Fee

A fee is the price one pays as remuneration for rights or services.

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Financial institution

A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions.

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Financial transaction

A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment.

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Fiscal year

A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes.

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Identity theft

Identity theft, identity piracy or identity infringement occurs when someone uses another's personal identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes.

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Insert (print advertising)

In advertising, an insert or blow-in card is a separate advertisement put in a magazine, newspaper, or other publication.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum).

See Bank statement and Interest rate

Investment

Investment is traditionally defined as the "commitment of resources to achieve later benefits".

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Online banking

Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app.

See Bank statement and Online banking

Open banking

In financial services, open banking allows for financial data to be shared between banks and third-party service providers through the use of application programming interfaces (APIs).

See Bank statement and Open banking

Paper shredder

A paper shredder is a mechanical device used to cut sheets of paper into either strips or fine particles.

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Passbook

A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account. Bank statement and passbook are accounting source documents and banking terms.

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PDF

Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems.

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Savings account

A savings account is a bank account at a retail bank.

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Telephone banking

Telephone banking is a service provided by a bank or other financial institution that enables customers to perform over the telephone a range of financial transactions that do not involve cash or financial instruments (such as checks) without the need to visit a bank branch or ATM.

See Bank statement and Telephone banking

Transaction account

A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. Bank statement and transaction account are banking terms.

See Bank statement and Transaction account

References

[1] https://en.wikipedia.org/wiki/Bank_statement

Also known as Account statement, Bank account statement, Bank statement of account, Bank statements, Statement of account.