Six Reasons to Switch to eStatements

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Are you always dealing with junk mail clogging up your mailbox? Drowning in papers needing sorted through? Are you afraid to throw out any paper from your financial institution, fearful you’ll be throwing sensitive material into the trash and making it an easy steal for would-be scammers? If this sounds familiar, you may benefit from switching to electronic account statements.

Electronic statements (eStatements) are similar to paper statements, except for the fact they’re delivered electronically. At the end of each statement period, which is generally monthly for checking accounts and quarterly for basic savings accounts, you’ll receive a notification from your credit union informing you that your statement is ready to view through the online banking portal. Once you access the eStatement, you’ll find it has all the information you’re used to receiving in your paper statement.

Quick, convenient and clutter-free—eStatements are the way of the future. Here are six reasons to consider switching to eStatements.

Check your accounts at a glance

With eStatements, there’s no need to wait for your monthly statement to arrive in the mail. Just a few clicks and you get your account statement at any time, from anywhere, using the online banking platform. You can also access your eStatement history for up to seven years. Some financial institutions also offer members the option of signing up for financial alerts, such as a warning when your account is running low and in danger of being overdrawn. With eStatements, managing your accounts is easy.

Clear out the clutter

Why bother with piles of paperwork when you can access your accounts online? It’s neater, cleaner, and helps cut down on the correspondence you have flooding your mailbox. You’ll also save time sorting through papers when you can find your last account balance with just a few quick clicks.

Keep your information safer

No matter how careful you are with papers containing sensitive data, there’s always a chance you can miss something and it’ll end up in the wrong hands. It can also be a pain to keep track of every incoming piece of snail mail and to dispose of it properly. With eStatements, you’ll never have to worry about losing a paper containing confidential banking information, or mistakenly tossing it into the trash where it can be easily accessed by identity thieves.

Some people are concerned about sending sensitive information online and are fearful an eStatement can easily be hacked. However, you can access your account balance online with confidence, knowing that your credit union uses several layers of protection to keep your information absolutely safe, including two-factor authentication and encryption.

Monitor your accounts frequently for fraud

When you have instant access to your accounts throughout the month, it’s a lot easier to check for signs of fraud. Plus, when you spot the fraud sooner, you can take steps to mitigate the damage earlier and have a better chance of a full recovery.


When you choose to receive your monthly account statements electronically, you’ll be doing the environment a favor. Less paper statements means less paper waste and fewer trees getting cut down for something that will ultimately be tossed. Go green for the environment with eStatements!

Safe and secure storage

Filing cabinets are so last century. With eStatements, you’ll never stress about misplacing your account statements again. Your online banking portal acts as a convenient and secure filing cabinet, storing your account statements for you to access as needed.

If you’re needing to safely and securely get rid of paper documents from your filing cabinet, join us for our free Shred Day on Saturday, September 18 at the Aurora Branch.

Ready to make the switch to eStatements? Signing up is easy! Just log in to online banking to get started.