A bank receipt contains detailed information about a financial transaction conducted at a bank. The transaction receipt generally includes the amount of the transaction, the date it occurred, and the employee number of the bank employee who conducted the transaction. Aside from transactions involving deposit accounts, bank receipts are also given to customers who make loan payments, credit card payments, and conduct other similar types of transactions. Banks provide account holders with a copy of the bank receipt and the bank also maintains its own records of all transactions.

Financial institutions issue receipts to customers to avoid disputes relating to the details of transactions. Immediately after taking possession of the bank receipt, the account holder has the opportunity to dispute any information that is incorrectly recorded on the receipt. If an error occurs after an account holder leaves the bank and funds are deposited into the wrong account, the customer can use the bank receipt as a means of having the transaction corrected and funds deposited into the correct account.