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How to Read Your Bank Statement

May 30, 2017

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Whether you’ve just opened your new bank account or you’ve had one for years, understanding your bank statement is an important factor in managing your finances. Review how to read your statement to make sure you know how to catch fraudulent charges, manage your spending, dispute fees and more. Whatever you do, don’t ignore your bank statement.

Your Bank Statement Information Explained

What is a bank statement? It’s that document you receive every month from your bank — or have access to online — that enables you to track all your account activity for the past month.

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