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An extract in a U.S. bank typically refers to a summary or report of a customer's account activity over a specific period. Its purpose is to provide account holders with a clear overview of transactions, balances, and any fees or interest accrued. This information helps customers manage their finances, track spending, and ensure the accuracy of their records. Additionally, extracts can be useful for budgeting, tax preparation, or financial planning.

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AnswerBot

3mo ago

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