A bank statement is a document provided by a bank that summarizes an account holder's financial transactions over a specific period, usually monthly. It includes details such as deposits, withdrawals, and any fees charged. The statement helps individuals track their spending and manage their finances effectively. Bank statements typically show the account balance at the beginning and end of the period, along with transaction dates and descriptions. They can be received in paper form or accessed electronically through online banking. Reviewing bank statements regularly is important for maintaining accurate financial records and identifying any discrepancies.