Benefits of Switching to eStatements

16 September 2022
Category: Uncategorized
16 September 2022, Comments: Comments Off on Benefits of Switching to eStatements

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Do you have a pile of unopened “important” mail stacking up? If you receive paper statements for all of your financial accounts, the paper trail can pile up quickly. Switching to eStatements can help you get organized and keep your financial information safe.


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. eStatements are the fastest, safest, and most convenient way to receive your monthly bank statements.


What Are the Benefits of eStatements?

When you switch to eStatements, you’ll have one less thing to worry about. Let’s talk about the benefits.

Enhanced security

eStatements provide an extra layer of security that could help protect you from identity theft. It eliminates the paper trail and protects your information from being lost or stolen in the mail. Since you use your personal login credentials to access Online Banking and the eStatement portal, your eStatements can only be obtained by you.

Reduced clutter

No more digging through a pile of papers to view your account statements. You can view your eStatements as soon as they become available using your computer or mobile device.

Instant access

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 save a copy for your records. Even if you’re away from home, you will get your bank statement on time, every time.

Monitor for fraudulent activity 

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 stop and fix the damage earlier, giving you a better chance of a full recovery.


When you switch to eStatements, you’re contributing to a cleaner environment, saving trees, and helping to reduce tons of paper waste.

Save money

Many financial institutions now assess small fees to receive paper statements. While these fees are small, they can add up over the course of a year. eStatements are everyone’s favorite price: free!


How to Sign Up for eStatements

Signing up for eStatements with LCU is quick and easy. Follow these steps:

  1. Login to Online Banking (or enroll is you haven’t already)
  2. Select “eStatements”
  3. Accept the Electronic Statement Disclosure Agreement




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