eStatements aren't just a digital fad; they're a game-changer for your financial life. From unbeatable convenience to bolstered security and eco-friendly perks, eStatements are more than just a tech-savvy choice – they're your gateway to smarter banking.
Let's dive into the various compelling reasons that will make you wonder why you waited so long. It's time to embrace the future of finance with eStatements!
what are estatements?
In case you're wondering what it is.... an eStatement (short for electronic statement) is a digital version of your traditional paper bank statement. It's like getting your monthly financial snapshot on your computer or smartphone screen instead of in your mailbox.
Think of it as a PDF or web-based document that shows all your account transactions, like deposits, withdrawals, and purchases, just like a paper statement would. The key difference is that it's all online, and you access it through your bank's website or app.
why should i do estatements?
Electronic statements are readily accessible online, 24/7, and can be viewed from anywhere with an internet connection. This eliminates the need to visit a physical bank branch or wait for statements to arrive in the mail.
You can access electronic statements as soon as they are available, which is typically earlier than receiving a paper statement by mail.
Using electronic statements reduces paper consumption, helping to conserve trees and lower carbon emissions associated with printing, transportation, and disposal.
By going digital, you eliminate the need to store and organize physical paper statements, which can contribute to a clutter-free environment.
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Electronic statements are generated by the bank's systems, reducing the chances of errors compared to manual paper statements.
Electronic statements are often more secure than physical mail, as they are password-protected and encrypted, reducing the risk of sensitive information being intercepted.
Financial institutions may charge fees for providing paper statements, which can be avoided by choosing electronic statements.
You can set up automated bill payments and transfers more easily with electronic statements, allowing you to save time and ensure payments are made on time.
search and archive functionality
Electronic statements are typically easier to search and organize. You can easily find specific transactions or statements using keywords or dates. In the event of damage or loss of physical statements, electronic versions can often be recovered from your bank's website or archives.
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Banks can send email or SMS alerts for new statements or unusual account activity, enhancing your financial awareness.
Paper statements are often seen by others who have access to your physical mail, while electronic statements are private and accessible only with your login credentials. Eliminating paper statements means there's no risk of your financial information being stolen from your mailbox.
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Any account activity, such as deposits, withdrawals, or purchases, is immediately reflected in your electronic statement, providing a real-time view of your finances.
encouragement for digital literacy
Embracing electronic statements can encourage individuals to become more tech-savvy and comfortable with online financial management.
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what's next?
Aren't eStatements great? They're not only convenient but also eco-friendly. You save paper, reduce clutter, and get quicker access to your financial info. Plus, it's often more secure, as it's password-protected and encrypted, making it harder for prying eyes to snoop on your financial business.
So, instead of waiting for that paper statement to arrive in the mail, you can log in, view, and even download your eStatement at your convenience. It's a smart move for a more modern and efficient way to keep tabs on your finances.
enroll in A FASTER, MORE SECURE WAY TO BANK
Hey Skyla member! Ready for immediate access to your statements? Let's get you set up for instant online viewing. It's super easy. You can do this through the desktop or the mobile app. Here's how.
have a question?
Any of the wonderful staff will be more than happy to help! Simply send us an email or give us a call at 704.375.0183.
Yanna
As Content Strategist behind the Learning & Guidance Center, Yanna loves showing just how doable finance can be. Whether it’s simple tips, step-by-step guides, or comparison charts, she’s passionate about helping readers take charge and reach financial freedom with confidence
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