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Important Questions Involving The Bank Statement

The document lists important questions to consider when reviewing a bank statement, including inquiring about utilities and other debits from the account, where the person works and their salary, credits and debits for the month and current balance on a given date, any transfers, home ownership or rental details and related costs, whether the account was in surplus or deficit at month's end, if it was ever overdrawn, and overdraft fees. Key terms for withdrawals and deposits are also defined.

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1K views2 pages

Important Questions Involving The Bank Statement

The document lists important questions to consider when reviewing a bank statement, including inquiring about utilities and other debits from the account, where the person works and their salary, credits and debits for the month and current balance on a given date, any transfers, home ownership or rental details and related costs, whether the account was in surplus or deficit at month's end, if it was ever overdrawn, and overdraft fees. Key terms for withdrawals and deposits are also defined.

Uploaded by

Steven
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Important questions involving the bank statement:

What utilites are debited from the account?


Where does the person work?
What was the total amount credited into the account for the month?
What was the total amount taken out of the account for the month?
What was the person's total salary for the month?
What was the current balance on October 29th (or any given day)?
Were any transfers made?
Does the person rent or own a home?
How much does the person pay for the home each month?
Was the person in the black or the red at the end of the month?
Was the account overdrawn at any point?
How much does the bank charge if a person makes an overdraft?

*Remember the different terms used for withdrawals and deposits:


withdrawals - taking out money (taking money out) - pulling out money (pulling money out) -
outgoing funds
deposits - putting money into (putting in money) - paying money into (paying in money) -
incoming funds - CREDITING AN ACCOUNT
==

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