Account Statement in English

“Account statement” is the term used to refer to a document that provides a detailed record of all the financial transactions made in a person’s bank account over a specific period of time. This document is typically issued by the bank or financial institution where the account is held.

An account statement generally includes information such as the account holder’s name, account number, the opening and closing balances for the statement period, as well as a list of all deposits, withdrawals, and any fees or charges that have been applied to the account. This information helps the account holder to keep track of their financial activities and manage their money effectively.

Account statements are an important tool for personal financial management, as they allow individuals to monitor their spending, identify any unauthorized transactions, and ensure that their account balance is accurate. They can also be used as evidence of financial activity when applying for loans, mortgages, or other financial products.

How to Say “Account Statement” in English

The phrase “account statement” can be used to refer to this important financial document in English. Some other ways to express the same concept include:

– Bank statement
– Statement of account
– Transaction history
– Financial statement

These terms are all used interchangeably to describe the same type of document that provides a detailed record of a person’s financial transactions within a specific time period.

Examples of Using “Account Statement” in English

Here are some example sentences that illustrate how the term “account statement” can be used in English:

1. I need to review my account statement to check for any unauthorized charges on my credit card.
2. The bank will send me a monthly account statement detailing all the transactions in my checking account.
3. When applying for a mortgage, the lender will ask for copies of your recent account statements to verify your income and assets.
4. Please let me know if you have any questions or concerns after reviewing your latest account statement.
5. I noticed a discrepancy in the balance on my account statement, so I’ll need to contact the bank to investigate.
6. The account statement shows that I’ve earned $50 in interest on my savings account this quarter.
7. Make sure to keep your account statements in a safe place, as you may need them for tax purposes or other financial matters.
8. Before making a large purchase, it’s a good idea to review your account statement to ensure you have sufficient funds available.
9. The account statement provides a detailed breakdown of all the fees and charges associated with my checking account.
10. I use my account statements to track my monthly expenses and create a personal budget.

As you can see, the term “account statement” is a common and important concept in the world of personal finance and banking. Understanding how to use this term correctly in English can be very useful for anyone managing their financial affairs.

Related Vocabulary and Expressions

Here are some additional English words and phrases related to account statements and personal finance:

– Balance – The amount of money in an account at a particular time.
Example: The account statement shows my current balance is $2,500.

– Deposit – Money added to an account.
Example: I made a deposit of $1,000 into my savings account last week.

– Withdrawal – Money taken out of an account.
Example: The account statement lists all the withdrawals I made using my debit card.

– Transaction – A financial exchange, such as a purchase, payment, or transfer.
Example: The account statement details all the transactions that occurred in my checking account last month.

– Fee – A charge imposed by a bank or financial institution.
Example: There is a monthly service fee of $5 listed on my account statement.

– Overdraft – When the account balance falls below zero, resulting in a negative balance.
Example: I was charged an overdraft fee when my account balance went negative.

– Direct Deposit – Automatic electronic deposit of funds, such as a paycheck, into an account.
Example: My monthly salary is deposited directly into my checking account.

I hope this comprehensive overview of “account statement” in English has been helpful! Let me know if you have any other questions.