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A bank statement is a document that shows your transactions over a period of time. Most banks provide free bank statements online or mail paper statements to your home. You'll need to provide a bank ...

The time you should keep a bank statement depends on what it shows and why you need it. Here’s a simple guide to help you determine the length of time to keep bank statements and canceled checks.

Review bank statements to spot errors and unnecessary charges, aiding effective financial management. Bank statements are essential for verifying transactions in large purchases or renting homes.