Besides saving money and being environmentally friendly, there are several advantages to switching to online statements from your bank, credit card, and any other situation where a statement is issued.

Easy Access at Any Time

You’ll be able to access your statements from anywhere and at any time of the day or night, as long as you have a computer with internet access. You can even use the web on your cell phone to check on your bank balance! This is particularly convenient if you need the information while you’re at work during the day, out and about during the weekends, or away from home on vacation.

The Service is Free!

You don’t pay anything extra for online statement services, and you’re actually saving your bank or credit card company time and money on the printing and mailing of the statements.

Email Notification

Email notification provides immediate information on your statements. It’s convenient to know when you have a new statement to view, but this service can also help avoid troubling situations. For instance, you can set specific parameters on your credit card account and have email notification sent at any time of the day or night that your card violates any of those parameters. Imagine how helpful this can be in catching identity theft at the very beginning!

Decrease Mail Fraud

When you do receive an email from banks, local car insurance companies or your credit card company, be sure to open a separate window and use the web address to open the account instead of clicking on a link embedded in the email. Most banks, credit card companies, and other sites that utilize online statements will require you to register a user name, password, and a number of security questions. Each time you log in to your account you’ll be asked to provide your user name and password, and if you are logging in from an unfamiliar locations, the site will also ask you to answer a security questions like, “What is your mother’s maiden name?” before you can have access to the account.

A transition to online statement services is an ideal transition to make. Not only will you have 24/7 access to your account and extra security by knowing that you’ll be the only one accessing the account through the extra security measures taken by the company.