![]() ![]() Paper statements can be useful for tracking your transactions more closely. To prevent identity theft, take extra caution when disposing of paper bank statements. Do you throw away your paper bank statements? If you don't shred the document first, someone could go through your trash to access your bank information and steal your identity. For example, a bank may waive your monthly bank maintenance fee or pay a cash sign-up bonus. Some banks offer benefits when you opt for e-statements over paper statements. Receiving paper statements isn't great for the environment, especially if you already have access to statements online. Most banks charge you a few dollars per month for paper statements. Granted, you can also download e-statements to view them later - it just may be easy to forget. But if you hold onto all your paper statements, you can look back on them years later if necessary. Most banks keep your statements on file for five years, if not longer. But receiving a document in the mail is a good reminder to check your statement for any errors, or to review your spending if you're trying to budget. Yes, you can see deposits and withdrawals with e-statements. Speak with a customer service agent to make sure you aren't paying for paper statements if you don't want to receive them. There should be a menu option specifically for statements, and you're able to sort by month.ĭepending on the bank, you may automatically be enrolled in e-statements but not paper statements, or vice-versa. With e-statements, otherwise known as paperless statements, you see your transaction history on the bank's website or mobile app. Otherwise, you can enroll in e-statements to avoid fees. If you're set on receiving statements in the mail, you can bank with an institution that won't impose a fee, such as Ally or Discover Bank. How to avoid paper statement feesĪlthough most banks charge you for paper statements, not all do. *At these banks, the paper statement fee may vary depending on which checking account you open.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |