3 Reasons to Sign Up for Estatements
Options for managing your financial life have changed significantly over the past few decades. We can deposit checks with a phone, pay bills at any time with the push of a few buttons, and pause a debit card if it is lost or stolen. While you may not choose to conduct all your financial transactions electronically, signing up for electronic statements is worth considering.
1. E-Statements are secure.
Your mailbox may not have a lock; therefore, paper statements are at risk of mail theft. E-statements are password protected and can only be accessed through a secure login to your online account on your financial institution’s encrypted website. This means you don’t have to worry about your statements being stolen or lost in the mail.
2. E-Statements arrive fast.
You receive an email notifying you that your statement is available to view within the first few days of the month. No more waiting one or two weeks to receive your paper statement. You can reconcile your records, catch mistakes, and dispute fraud even sooner.
3. E-Statements are easy to access, organize, and print.
Do you prefer viewing numbers in black and white, the feel of smooth paper in your hand, and jotting down calculations in the margins? You still have that option.
Log into your online banking account and go to the e-statement (or e-documents) tab. There you have the option to print, download and save a file on your desktop, or export to money management software you may be using. Plus, you have access to the last twelve months of statements at your fingertips. This saves you time and money if you need additional copies for any reason. You could be charged a fee for additional copies of statements, especially if you need more than one or two months.
Still not sure if e-statements are for you?
Visit your favorite Friendship banker with a list of your questions and concerns. They will be happy to answer your questions, show you how it works in person, and help you sign up.