The Benefits of e-Statements

Kermit the Frog is famous for singing the song, “It’s not easy being green,” but these days, being green is actually easier than you think.

Here at Alterna Savings, we want to do our part for the planet by encouraging members to switch to e-statements. They offer all the same transaction and history details as printed statements—but you access them securely through online banking, meaning no envelope, printing, postage or transportation is required. We can even send an alert to your email address when your e-statement is ready! 

Think about how much ink, paper and energy are consumed each month printing member statements. Imagine how many envelopes are required, and how many machines it takes to fold and insert the statements into the envelopes. Then those envelopes have to get to the post office, and get stamped, sorted and delivered to you. Now picture it happening again next month. And the month after that. And the month after that. Kind of makes your head hurt, doesn’t it?

Not only are e-statements a smarter choice for the environment, they offer a host of other benefits as well.

Convenience

E-statements are available sooner than paper statements. Forget waiting around for envelopes to be stuffed and the mail to be delivered; e-statements are available with only minimal delay at month-end. Once your statement is available, you can easily view it on screen or download and save it to a personal computer. Your statements will even be archived through online banking for up to seven years for tax purposes.

Security

E-statements are also secure. By opting out of a paper statement, you no longer need to worry about fraudsters intercepting your mail or stealing your identity. Your account statement is accessed securely through online banking—not left unattended on your front porch.

Economical

Paper statements generally cost extra depending on the type of account you have. With e-statements, labour and supply costs are eliminated—meaning we can pass those savings on to you, either through investments in better products and services or lower fees.

To sign up simply select "eStatements only" in your online banking profile under My Accounts > Statement Preferences.