A bank statement is a document containing records of receipts, payments, and the balance on an account. It is a summary of the transactions that have occurred in a bank account over a period of time, typically one month. A bank statement provides details of all deposits, withdrawals, and other transactions that have taken place in an account during that period, along with the beginning and ending balances. It is usually provided by the bank to the account holder on a monthly basis, either as a physical statement or an electronic copy. Bank statements are important financial documents that can be used for budgeting, tax purposes, and reconciling accounts. They allow account holders to keep track of their account activity and ensure that all transactions are accurate and accounted for.