Definition
A document summarizing all transactions in your bank account over a set period, helping you track deposits and withdrawals.
What to consider
- Consider how this unique policy blends savings with insurance.
- Look at the long-term benefits versus the fees involved.
- Make sure it fits into your overall financial strategy.
Real world scenarios
- Every month, Olivia reviews her bank statement to confirm that all deposits and withdrawals match her personal records, ensuring her finances are in order.
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