Six reasons to switch to eStatements
Are you constantly dealing with a barrage of junk mail that clogs up your mailbox? Drowning in papers needing sifting through? Are you 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.
Electronic statements (eStatements) are the same as your paper statements, only 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 Digital Banking, or our app. 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 eStatements and eStatement history by logging into your account at any time throughout the month.
Quick, convenient and clutter-free, eStatements are the way of the future. Here are six reasons to consider switching to eStatements.
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 device of your choice. Using eStatements combined with all the tools in Digital Banking makes 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 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 safe
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, keeping your online account information is easy when you enable multi-factor authentication.
4. Avoid the paper statement fee
The cost of paper and postage is rising, and so is the cost to receive paper statements. The paper statement fee at Southland as of January 1, 2023 is $5 per month without a fee waiver. You can save $60 per year by switching to eStatements!
5. It’s more eco-friendly
When you choose to receive your monthly account statements electronically, you’ll be doing the environment a favor. Converting to eStatements reduces greenhouse gas emissions and water consumption. Go green for the environment with eStatements!
6. 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.
Ready to make the switch to eStatements? Signing up is easy! To enroll, log in to your account on the Southland CU mobile app or at SouthlandCU.org. Then navigate to Accounts, then eStatements to sign up. Hello, convenience!