Each month, you receive a statement from your credit union that details the income and spending activity on an account. You can use these statements to review spending habits and even spot unauthorized purchases. But did you know that how you receive statements can open you up to even more benefits? Below are some of the top reasons you should opt in to receiving these documents electronically, also known as eStatements.
Why You Should Switch to eStatements
Criminals can gain access to your financial information by stealing paper statements in your mailbox or trashcan. While you can avoid the latter by shredding important documents before disposing of them, switching to eStatements will give you the best protection. All of your banking information and transaction history will be stored within your secure online or mobile banking account, far away from prying eyes.
Gone are the days of waiting for paper statements to arrive in the mail. While you’re certainly entitled to receive paper statements, eStatements are immediately available in online or mobile banking. Not only this, but your eStatements history is housed in one spot. This can come in handy in many situations, such as confirming whether you deposited a check. Review the details of your financial institution’s eStatements option to verify how much history is available to you.
3. Environmental Impact
An easy way to be more eco-friendly is to minimize paper consumption with eStatements. All your documents will be stored electronically for easy access, and you won’t have to worry about pitching them. While recycling is good, curbing the amount of waste you produce upfront is even better! By enrolling in eStatements, you’re doing your part to reduce the 85 million tons of paper waste created every year.1
Say yes to added security, more convenience, and a cleaner Earth. With eStatements, General Electric Credit Union (GECU) accountholders will enjoy these benefits while viewing up to 36 months of statement history in Online Banking or our top-rated mobile app. Plus, documents can be saved or printed as needed. Simply enroll in eStatements via Online Banking or through our mobile app:
- In Online Banking or from the mobile app, select eStatements from the main navigation or in the menu.
- Check Go Paperless.
- Read and accept the eStatements disclosure.
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1Eco-Friendly Habits Paper Wastage Facts: Statistics About Paper Waste You Must Know