The Truth About E-Statements

Banking is just one of those things that have become progressively more convenient during the electronic age. ATM machines began the transition, making your cash available to you any time of the day or night in numerous convenient locations.

Debit cards, which could be used at retail locations, provided even more flexibility and convenience. Next came online banking as financial institutions worldwide adapted strict security technology to provide your financial information to you conveniently.

With just about any national, regional or local bank, online banking is now a core service. Not only is it possible to access information about your accounts via the internet, but it is also possible to pay bills online, transfer money, check on account questions or transactions instantly, and find a wealth of information about your bank’s products and services.

With this technology comes another opportunity for banks to offer convenience to their customers while saving costs – e-statements. You can find more about credit union electronic statements through various online sources.

An alternative to paper statements mailed out to customers each month, e-statements provide the same information. They are available online and are accessible much more quickly than waiting for the postal delivery.

Customers can access their e-statements any time online and download the files to their local computer for safe-keeping. Most banks retain e-statements and keep them available to customers for several months via their online banking account access.

Keep in mind that ultimately it is your responsibility to maintain your financial records. With that in mind, make sure to familiarize yourself with your bank’s policy on e-statements.