DEFINITION of 'Itemized Statement'

A periodic statement issued by a financial institution, such as a bank or brokerage firm, to its customers detailing all account activity for the period. Itemized statements include deposits, credits, debts, fees and all other pertinent activity. Usually, this information is presented in chronological order, although it may be broken down in several different ways for the customer's convenience.

BREAKING DOWN 'Itemized Statement'

Itemized statement of bank card accounts will list the names of all debiting merchants next to each terminal entry. ATM locations are typically listed for debit card withdrawals. Itemized statements used to be considered a premium service for preferred customers by many institutions, but computerized recordkeeping has made them commonplace today.

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