What information usually can be found at the end of a bank statement?

Get more with Examzify Plus

Remove ads, unlock favorites, save progress, and access premium tools across devices.

FavoritesSave progressAd-free
From $9.99Learn more

Study for the Personal Finance Basics Test. Prepare with interactive questions and detailed explanations to boost your confidence. Master key finance concepts and be exam-ready!

The information found at the end of a bank statement typically includes the closing balance and a summary of transactions. This summary provides a concise overview of all the deposits, withdrawals, and any fees charged during the statement period, helping the account holder easily reconcile their records with the bank's records. The closing balance indicates the total amount of money available in the account at the end of the statement period, which is crucial for personal financial management and budgeting. By having this information clearly stated at the end of the statement, account holders can quickly assess their financial position and track their spending habits over time.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy