A document sent by a bank to its current account customers detailing their transactions over a given period is
Answer Details
A document sent by a bank to its current account customers detailing their transactions over a given period is called a "bank statement".
A bank statement is a summary of all the transactions made by a customer's account during a specific period, usually a month. It includes information on deposits, withdrawals, cheques cleared, direct debits, standing orders, bank charges, and any interest earned or charged. The bank statement provides a detailed record of all the financial activity in the account, allowing customers to monitor their account balance and ensure that their records match those of the bank.
Bank statements are typically sent out monthly to current account customers, although some banks may offer more frequent updates, such as weekly or daily statements. Customers can also access their bank statements online or through a mobile banking app, allowing them to view their transactions in real-time.
In summary, a bank statement is a crucial document that helps customers track their financial activity, ensure that their account balances are accurate, and identify any discrepancies or unauthorized transactions.