Are eStatements Safer Than Paper?

As your trusted community bank, we are always looking for ways to make managing your finances easier and more secure. One option you may have seen mentioned is electronic statements, also known as eStatements. You might be wondering why we’re encouraging this option and whether it truly benefits you. Are eStatements safer than paper statements? Will they really make things more convenient? And is switching the right choice for you? Here’s what you should know to help you decide whether eStatements are right for you.

In most cases, eStatements are considered a safer option. When paper statements are mailed, there’s always a risk they could be delayed, delivered to the wrong address, or even stolen. eStatements, on the other hand, are delivered securely through online or mobile banking. They’re protected by encryption and can only be accessed by authorized users with login credentials. Instead of traveling through multiple hands in the mail system, your financial information stays safely within your account.

Besides safety, there are many additional advantages to making the switch:
•    Faster Access to Your Information - Paper statements can take several days to arrive by mail. With eStatements, your statement is available as soon as it’s ready. 
•    Better Organization - eStatements are automatically stored and organized online by month and year. There’s no need for filing cabinets, folders, or handwritten labels. When you need an old statement, it’s easy to find with just a few clicks.
•    Helpful Notifications - Receive notification by email and through the mobile app when your eStatement is ready. No more wondering if your statement has arrived or worrying about missing it in the mail.
•    Anytime, Anywhere Access - Whether you’re at home or on the go, your statements are available 24/7 through online or mobile banking. All you need is your login information.
•    Environmentally Friendly - Choosing eStatements reduces paper use and helps cut down on waste.

If you value security, convenience, and around-the-clock access to your financial information, eStatements are a smart option worth considering.

That said, if you prefer receiving mail and keeping physical documents for your records, there’s nothing wrong with sticking to paper statements. Everyone manages their finances differently, and the best choice is the one that fits your comfort level and lifestyle.