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First off, what exactly *is* a **statement balance**? Simply put, it's the amount of money you have in your account at the end of a specific period, usually a month. This balance reflects all the transactions that have cleared your account during that time, including deposits, withdrawals, payments, and fees. Think of it as a snapshot of your financial standing at a particular moment. Bank of America provides these statements to help you keep track of your transactions and overall financial health.
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