Definition of bank statement

bank statementnoun

sao kê ngân hàng

/ˈbæŋk steɪtmənt//ˈbæŋk steɪtmənt/

The term "bank statement" originated in the 16th century when banks first emerged as financial institutions. At that time, most people stored their wealth in the form of gold, silver, or other valuables in their homes or at 'house banks' run by merchants or goldsmiths. The practice of lending and borrowing money gained popularity during this time, with the goldsmiths serving as both safe-keepers for valuables and lenders. Customers entrusted their valuables to these banks in exchange for a receipt that served as evidence of their deposits. When customers requested their deposits, they presented these receipts to the bank, and the goldsmith would provide them with the corresponding amount of gold or silver. The receipts issued by goldsmiths to their clients for the valuables they deposited became known as 'bank notes' or 'bank bills.' They served as evidence of deposit with the bank and could be used as a substitute for cash. Banks started producing these notes on a large scale that was faster to produce than minting gold or silver coins, which was a time-consuming process. As the banking industry grew, and paper money replaced gold and silver as the primary medium of exchange, banks started issuing statements called 'passbooks' or 'registers' to their customers. These statements recorded the balance of a customer's account and provided a detailed summary of all transactions, including deposits, withdrawals, and interest earned. In the 20th century, as banking became automated, statements were transferred to paperless systems where customers could view and download their 'statements' from online banking portals. Today, the term 'bank statement' refers to an electronic document that summarizes an account holder's financial transactions during a specific period, be it monthly, quarterly, or annually. It provides account holders with a clear and detailed view of their account activity, including debits, credits, payroll deposits, interest earned, and fees charged by the bank.

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Example:
  • Each month, Sarah carefully reviews her bank statement to ensure all transactions are accurate.

    Hàng tháng, Sarah đều cẩn thận xem xét sao kê ngân hàng để đảm bảo mọi giao dịch đều chính xác.

  • The bank statement showed a significant decrease in John's account balance due to recent expenses.

    Sao kê ngân hàng cho thấy số dư tài khoản của John giảm đáng kể do các khoản chi phí gần đây.

  • After reconciling her bank statement with her check register, Mary discovered a transaction she didn't recognize.

    Sau khi đối chiếu sao kê ngân hàng với sổ séc, Mary phát hiện ra một giao dịch mà cô không nhận ra.

  • The bank statement arrived in the mail, and Jessica eagerly opened it to see how much money she had left to spend.

    Sao kê ngân hàng được gửi đến qua thư và Jessica háo hức mở ra xem cô còn bao nhiêu tiền để chi tiêu.

  • Mark checked his bank statement timidly, hoping he hadn't accidentally overdrafted his account.

    Mark kiểm tra sao kê ngân hàng một cách rụt rè, hy vọng rằng anh không vô tình chi quá số tiền trong tài khoản.

  • Susan found an error on her bank statement and contacted the bank to have it corrected.

    Susan phát hiện ra lỗi trên sao kê ngân hàng của mình và liên hệ với ngân hàng để yêu cầu sửa lỗi.

  • The bank statement revealed a strange charge from a company Ted hadn't done business with, raising his suspicion of fraud.

    Sao kê ngân hàng tiết lộ một khoản phí kỳ lạ từ một công ty mà Ted chưa từng giao dịch, làm dấy lên nghi ngờ về gian lận.

  • Rachel studied her bank statement closely to create a budget and manage her finances better.

    Rachel đã nghiên cứu kỹ sao kê ngân hàng của mình để lập ngân sách và quản lý tài chính tốt hơn.

  • After reviewing her bank statement, Jessica realized she needed to curb her spending and start saving more.

    Sau khi xem xét sao kê ngân hàng, Jessica nhận ra cô cần phải hạn chế chi tiêu và bắt đầu tiết kiệm nhiều hơn.

  • Tim's bank statement showed his usual monthly fees, but this time, he noticed a new one he didn't remember agreeing to.

    Sao kê ngân hàng của Tim cho thấy mức phí hàng tháng thông thường của anh, nhưng lần này, anh nhận thấy có một khoản phí mới mà anh không nhớ là mình đã đồng ý.