E-statements
FAFCU e-statements offer several benefits for our members. E-statements, also known as electronic statements or digital statements, are online versions of traditional paper statements that members can access through their secure online banking platform.
Here are some of the key benefits (Click each title for more details):
E-statements provide members with the convenience of accessing their account information anytime and anywhere, as long as they have an internet connection. They can view and download their statements on their computers, tablets, or smartphones without the need for physical papers.
E-statements are typically available sooner than traditional paper statements. E-statements are available as soon as they are generated, while paper statements may take several days to arrive in the mail.
Using e-statements reduces paper & plastic (ink cartridges) waste and is a more eco-friendly option compared to receiving paper statements.
E-statements are delivered through secure online banking platforms, ensuring the confidentiality and privacy of sensitive financial information. They are protected by encryption and other security measures to prevent unauthorized access.
E-statements help the credit union save on printing, postage, and administrative costs associated with producing and sending paper statements. As a result, we can offer incentives to members who opt for e-statements (like Superior Checking), which put money back into our members' pockets!
With e-statements, members can store and organize their financial records electronically, accessible right from online banking, or the mobile app. This eliminates the need to keep physical copies of statements, reducing clutter and making it easier to access past statements when needed.
Members can set up email or text notifications to alert them when new e-statements are available. This feature ensures that they stay informed about their account activity and can promptly review their statements.
E-statements are typically archived online, allowing members to access and download past statements easily. This feature can be particularly helpful for record-keeping and when preparing tax returns.
E-statements reduce the risk of sensitive financial information falling into the wrong hands since there are no physical documents to get lost or stolen from the mailbox.