5 Reasons to Make the Switch to eStatements
It's no secret that digital enhancements to everyday life are taking over the world – and with good reason.
Tasks that previously took hours or days to accomplish can now be done in an instant. Transferring money no longer requires cash or check, but rather the click of a button. Gone are the days where you must take a trip to the bank to deposit a check, you can do it digitally. Historically, bank statements have taken days or weeks to be transported from the financial institution to the customer via snail mail. Today, they can be delivered directly to your online banking profile as soon as they become available. If you haven’t made the switch to digital banking, what’s holding you back? The convenience – and security – electronic experiences offer make the transition from physical to digital a no-brainer.
We understand the transition to digital experiences might seem intimidating. However, paperless statements are a great place to start. Keep reading to discover what eStatements are, and why it’s a smart decision to make the switch from paper statements to eStatements.
What are eStatements?
eStatements are electronic bank statements delivered to your email address and online banking account immediately after they become available. They include the same information your traditional bank statement shows, so your statement will still look the same. Available for Checking, Savings, and Home Equity Lines of Credit (HELOC), eStatements are the fastest, safest, and most convenient way to receive your monthly bank statements.
Why should I switch to estatements?
Stay organized and reduce the amount of paper you receive every month. You no longer have to dig through your filing cabinet to search for a misplaced document, and you can see your sparkling countertops again.
Reduce Your Carbon Footprint
In addition to decluttering and keeping your personal account information secure, enrolling in eStatements allows you to do your part to save trees and contribute to a greener planet.
When you opt to receive eStatements, you gain 24/7 access to your most recent bank statement. You can even download and save your statement as a PDF if you would like to keep a copy for your records, but they are saved within your SouthState online banking account for 32 months. Even if you’re away from home, you will get your bank statement on time, every time.
Unfortunately, financial fraud and identity theft are very concerning for Americans. eStatements provide an extra layer of protection for our customers, as eStatements are secured with encryption technology. No more losing bank statements in the postal system or worrying about stolen mail.
In order to encourage customers to go green by enrolling in estatements, SouthState and numerous other financial institutions now assess small fees (on some accounts) to receive paper statements. While these fees are small (typically around $5), they can add up over the course of a year. eStatements are everyone’s favorite price: free.
About the Author, Jessica McClure: Jessica has been with SouthState bank for more than ten years, where she has held positions in many departments from deposit processing, customer care, and digital consumer banking. When she worked in the call center, she discovered a passion for digital banking when she realized the convenience and ease it brought to the lives of her customers. She has a strong desire to enrich the lives of her customers, and especially enjoys assisting those with financial burdens.