A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. The statement includes deposits, charges, withdrawals, as well as the beginning and ending balance for the period.
It is intended to determine who is considered “admissible” to a country for immigration and admission purposes. Immigrants and students have to provide evidence of their financial status. Bank statements are used as credit reports in many cases.
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