Six Reasons to Switch to eStatements
Monday, Jun 7 2021
Are you constantly dealing with a barrage of junk mail that clogs up your mailbox? Drowning in papers needing to be sifted through? Are you always afraid to throw out any paper from your financial institution, 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. Here are six reasons to consider switching to eStatements.
Electronic statements (eStatements) are similar to paper statements, except for the fact that they’re delivered electronically. At the end of each statement period, which is generally monthly for checking accounts and quarterly for basic savings accounts, 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. You can also access your eStatement by logging into your online banking site or app at any time throughout the month.
Quick, convenient, and clutter-free, eStatements are the way of the future.
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? It’s neater, cleaner, and helps cut down on the correspondence you have flooded 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 piece of snail mail and to 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 it can be easily accessed by identity thieves.
Some people are wary about sending sensitive information online and are fearful that an eStatement can easily be hacked. However, you can access your account balance online with confidence, knowing that Focus Federal Credit Union uses several layers of protection to keep your information absolutely safe.
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, when you spot the fraud sooner, you can take steps to mitigate the damage earlier and have a better chance of a full recovery.
When you choose to receive your monthly account statements electronically, you’ll be doing the environment a favor. Fewer paper statements mean less paper waste and fewer trees getting felled for something that will ultimately be tossed. Go green for the environment with eStatements!
6. Safe and secure storage
Filing cabinets are so last century. With eStatements, you’ll never stress about misplacing your account statements again. Your online banking portal or app acts as a convenient and secure filing cabinet, storing your account statements for you to access as needed.