Reading a Bank Statement
Extension Activity for Financial Awareness for Youth Presentation
Age Level:
• 12-16
Learning Objective:
This extension activity, along with the Financial Awareness for Youth presentation should help
students:
• identify what information can be found in a bank statement
• understand the importance of reviewing their bank statement
• read and understand a bank statement
Materials Needed:
• whiteboard
• whiteboard marker
• Sample Bank Statement (1 per student)
• Reading a Bank Statement worksheet (1 per student)
• pencil (1 per student)
Lesson Plan:
1. Write the following question on the whiteboard: what is a bank statement?
2. Read the question aloud and allow students to share their responses. Write correct
responses on the whiteboard
3. Explain to students a bank statement is a document you receive from your financial
institution, or have access to online, that summarizes all your account activity for the past
month. As a general guideline, bank statements contain information from the previous
thirty business days
4. Ask students the following question: what information is included in bank
statement? Write the correct responses on the whiteboard
5. Explain to students a bank statement contains lots of information including:
o customer name and contact information: information that identifies the customer
is usually located at the top of the bank statement. It is important to make sure the
information is correct and there are no misspellings
o bank contact information: the name, phone number and address of the financial
institution
o account number: this number identifies your account
o account type: this information identifies which type of account you have
o withdrawals: money taken out of your account during the statement period. This
includes: cheques, bill payments, ATM withdrawals, bank fees and
debit purchases
o deposits: money put into your account during the statement period
6. Reiterate to students it is very important to review their bank statements regularly to
make sure there are no errors. If there are errors, it is important to contact their financial
institution immediately so these mistakes can be corrected
7. Explain to students they will be completing a worksheet to practice reading a
bank statement
8. Distribute the Sample Bank Statement and Reading a Bank Statement worksheet and
pencils to students
9. Review the answers with students after they have completed the worksheets
Reading a Bank Statement
Instructions: use the bank statement on the attached sheet to answer the questions below
1. What type of account does this customer have?
2. What was the balance in the account on Apr. 28 20XX?
3. What is the total amount of money withdrawn from the account on May 1 20XX?
4. On what date was $12 withdrawn from the account?
5. On what date(s) did the customer receive money from her employer?
6. On what date was money withdrawn from the account to pay for a cell phone bill?
7. What is the total number of withdrawals made from this account during the
statement period?
8. What is the total amount of money withdrawn from this account during the statement
period?
9. What is the total number of deposits made to this account during the statement period?
10. What is the total amount of money deposited into this account during the statement
period?
11. How long does the customer have to report any errors from her bank statement to her
financial institution?
Reading a Bank Statement: Answer Key
Instructions: use the bank statement on the attached sheet to answer the questions below
1. What type of account does this customer
have? Everyday chequing account
2. What was the balance in the account on Apr. 28
20XX? $5,000
3. What is the total amount of money withdrawn from the account on May 1 20XX?
$1,003 ($103 +$900)
4. On what date was $12 withdrawn from the
account? May 13 20XX
5. On what date(s) did the customer receive money from her
employer? May 15 20XX and May 31 20XX
6. On what date was money withdrawn from the account to pay for a cell phone bill?
May 30 20XX
7. What is the total number of withdrawals made from this account during the
statement period?
6
8. What is the total amount of money withdrawn from this account during the statement
period?
$1,135
9. What is the total number of deposits made to this account during the statement period?
2
10. What is the total amount of money deposited into this account during the statement
period?
$2,700 ($1,500+$1,200)
11. How long does the customer have to report any errors from her bank statement to her
financial institution?
30 days
MM Bank
1234 1st Avenue SW
Anytown, AB T2T 1P3
Tel: 1-888-123-4567
Miss Jennifer Smith
1234 Anystreet SW
Anytown AB R3R 1K5
Statement of Account Account Type Statement From To
Branch No. Account No. Everyday Chequing APR. 28 20XX – MAY 31 20XX
01234 1234-1234567 Account Page 1 of 1
DESCRIPTION WITHDRAWALS DEPOSITS DATE BALANCE
Balance Forward Apr. 28 $5,000
ATM W/D $103 May 01
CHQ #0090 $900 May 01 $3,997
ATM W/D $25 May 03 $3,972
Grocery Store $50 May 08 $3,922
Fast Food Restaurant $12 May 13 $3,910
Employer Pay $1,500 May 15 $5,410
Cell Phone Bill $45 May 30 $5,365
Employer Pay $1,200 May 31 $6,565
$1,135 $2,700
Account issued by: MM bank
For your protection, avoid choosing a pin that could easily be guessed. Memorize your pin.
Never record your pin near your access card
Please ensure that you report in writing any errors or irregularities found within this statement within
30 days of the statement date. If you do not, the statement of account shall be conclusively deemed
correct except for any amount credited to the account in error.
