6 Reasons to switch to eStatements
Are you constantly dealing with a barrage of junk mail that clogs up your mailbox? Are you afraid to throw away anything from your financial institution? Maybe, a little fearful that you’ll be throwing sensitive material into the trash and making it an easy steal for would-be scammers? If this sounds familiar, you may benefit from switching to electronic account statements. Read on for the 6 reasons to switch to eStatements.
What are eStatements?
Electronic statements (eStatements) are similar to paper statements, except that they’re delivered electronically. At the end of each statement period, you’ll receive a notification from the credit union informing you that your statement is ready to view through the online banking portal, app, or by downloading from a secure site. Once you access the eStatement, you’ll find it has all the information you’re used to receiving in your paper statements. Also, you can access your eStatement by logging into your online banking site or app at any time throughout the month.
1. Check your accounts at a glance
With eStatements, there’s no need to wait for your monthly statement to arrive in the mail. Just a few clicks, and you get your account statement at any time, from anywhere, using the mobile device of your choice. Some financial institutions also offer members the option of signing up for financial alerts, such as a warning when your account is running low and in danger of being overdrawn. With eStatements, managing your accounts is easy.
2. Clear out the clutter
Why bother with piles of paperwork when you can access your accounts online? Also, it’s neater, cleaner, and helps cut down on the correspondence you have flooding your mailbox. You’ll also save time sorting through papers when you can find your last account cycle balance with just a few quick swipes.
3. Keep your information safer
No matter how careful you are with papers containing sensitive data, there’s always a chance you can miss something, and it’ll end up in the wrong hands. It can also be a pain to keep track of every incoming snail mail piece and dispose of it properly. With eStatements, you’ll never have to worry about losing a paper that contains confidential banking information. Or mistakenly tossing it into the trash where identity thieves can easily access it.
Some people are wary about sending sensitive information online and fear that an eStatement is hackable. However, you can access your account balance online with confidence, knowing that it uses several layers of protection to keep your information safe, including two-factor authentication, encryption, and a secure login portal.
4. Monitor your accounts frequently for fraud
When you have instant access to your accounts throughout the month, it’s a lot easier to check for signs of fraud. Plus, you can take steps to halt the damage earlier and have a better chance of a full recovery.
5. Eco-friendly
When you choose to receive your monthly account statements electronically, you’ll be doing the environment a favor. And fewer paper statements mean less paper waste and fewer trees falling for something that you will ultimately toss. Go green for the environment with eStatements!
6. Safe and secure storage
Filing cabinets were so last century. With eStatements, you’ll never stress about misplacing your account statements again. Your online banking or app acts as a convenient and secure filing cabinet, storing your account statements for you to access as needed.
Now you know the 6 reasons to switch to eStatements. Are you ready to make the switch? Signing up is easy. Check out the website, download the instructions How to sign up for online statements, or give us a call at (435) 723.3437 to get started.
