Bank Statement - Electronic Statements

Electronic Statements

With the introduction of online banking, bank statements (also known as electronic statements or e-statements) can be viewed online. Due to identity theft concerns, a electronic statement may not be seen as a dangerous alternative against physical theft as it does not contain tangible personal information, and does not require extra safety measures of disposal such as shredding. However, a electronic statement can be easier to obtain than a physical through computer fraud, data interception and/or theft of storage media.

From the bank's point of view, the switch to electronic statements is a way for a bank to reduce their operating, printing and postage costs.

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Famous quotes containing the words statements and/or electronic:

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