5 Reasons To Make The Switch To E-Statements
Staying on top of your bank accounts using traditional paper-based methods can be challenging and time-consuming. Receiving bank statements by mail can delay your access to important financial information, and depositing paper checks requires a drive to the bank. What's more, manually tracking finances can lead to mistakes; it's easy to overlook transactions or miscalculate balances, which could result in missed payments and fees.
Learn how transitioning to digital banking can empower you to take control of your finances while enjoying a more convenient and secure banking experience.
E-statements, or electronic statements, are digital versions of traditional bank statements delivered straight to your email address and online banking account. E-statements provide detailed account information for all types of bank accounts—checking, savings, and loans. This includes transaction history, account balances, and monthly summaries.
Signing up for e-statements is a straightforward process that can be completed within just a few minutes through our website or mobile app.
With e-statements, the entire process of printing, packaging, and mailing paper statements is eliminated, which means you can receive your latest bank statement sooner rather than later. This allows you to check your account balances, review transactions, and monitor spending habits promptly—without having to wait for physical copies in the mail.
Plus, the 24/7 availability of e-statements means you can manage your accounts right from your computer or mobile device with secure Internet access. This level of accessibility empowers you to take control of your financial management on the go.
Paper-based bank statements can pile up quickly making it difficult to stay organized. And, the physical storage of these statements can consume valuable space in your home, making it challenging to keep financial records organized and accessible. With e-statements, managing your financial documents has never been easier—they are conveniently organized and easily accessible online for an extended period.
This simplifies organization, makes tracking financial activity easier, and eliminates the need to shred outdated documents that are no longer needed.
Preparing personal and business income taxes can often feel overwhelming due to the extensive financial information and documentation required. However, utilizing e-statements can save time and be very helpful during the busy tax season. They allow you to quickly access the necessary financial documents, such as bank statements, investment reports, and transaction histories, and download them to your computer or mobile device.
By having these digital documents readily accessible, you can streamline the tax preparation process, minimizing the risk of errors and helping you meet deadlines more effectively. You can print the files or share them with your accountant to include in your tax return.
We live in an era where identity theft and financial fraud are becoming increasingly sophisticated, and many criminals illegally obtain personal and financial information. One tactic is mail theft, where thieves steal sensitive documents directly from mailboxes. To safeguard against these threats, it is essential to limit the amount of sensitive information sent through the mail. Switching to e-statements is one way to do this; it helps protect your personal and financial information since they can only be accessed by you via computer or mobile device.
Lastly, switching to e-statements helps contribute to a greener planet. Digital bank statements help reduce paper waste and the carbon footprint of printing and mailing paper documents. Plus, each e-statement avoids the environmental impact of producing and disposing of paper and mailing envelopes, leading to a decrease in landfill contributions.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Learn how transitioning to digital banking can empower you to take control of your finances while enjoying a more convenient and secure banking experience.
What are E-statements?
E-statements, or electronic statements, are digital versions of traditional bank statements delivered straight to your email address and online banking account. E-statements provide detailed account information for all types of bank accounts—checking, savings, and loans. This includes transaction history, account balances, and monthly summaries.Signing up for e-statements is a straightforward process that can be completed within just a few minutes through our website or mobile app.
1. Timely Access to Account Information
With e-statements, the entire process of printing, packaging, and mailing paper statements is eliminated, which means you can receive your latest bank statement sooner rather than later. This allows you to check your account balances, review transactions, and monitor spending habits promptly—without having to wait for physical copies in the mail.Plus, the 24/7 availability of e-statements means you can manage your accounts right from your computer or mobile device with secure Internet access. This level of accessibility empowers you to take control of your financial management on the go.
2. More Organization and Less Clutter
Paper-based bank statements can pile up quickly making it difficult to stay organized. And, the physical storage of these statements can consume valuable space in your home, making it challenging to keep financial records organized and accessible. With e-statements, managing your financial documents has never been easier—they are conveniently organized and easily accessible online for an extended period.This simplifies organization, makes tracking financial activity easier, and eliminates the need to shred outdated documents that are no longer needed.
3. Helpful During Tax Season
Preparing personal and business income taxes can often feel overwhelming due to the extensive financial information and documentation required. However, utilizing e-statements can save time and be very helpful during the busy tax season. They allow you to quickly access the necessary financial documents, such as bank statements, investment reports, and transaction histories, and download them to your computer or mobile device.By having these digital documents readily accessible, you can streamline the tax preparation process, minimizing the risk of errors and helping you meet deadlines more effectively. You can print the files or share them with your accountant to include in your tax return.
4. Enhanced Account Security
We live in an era where identity theft and financial fraud are becoming increasingly sophisticated, and many criminals illegally obtain personal and financial information. One tactic is mail theft, where thieves steal sensitive documents directly from mailboxes. To safeguard against these threats, it is essential to limit the amount of sensitive information sent through the mail. Switching to e-statements is one way to do this; it helps protect your personal and financial information since they can only be accessed by you via computer or mobile device.
5. Reduced Environmental Impact
Lastly, switching to e-statements helps contribute to a greener planet. Digital bank statements help reduce paper waste and the carbon footprint of printing and mailing paper documents. Plus, each e-statement avoids the environmental impact of producing and disposing of paper and mailing envelopes, leading to a decrease in landfill contributions.The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
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