With identity theft on everyone’s minds these days, it’s not hard to see why eStatements are something you might hesitate to sign up for. After all, cyberspace is kind of big and scary and full of shady characters, right? Who knows how many people could get their hands on your credit union statements if you opt for e-statements?
Probably a lot less than the number of people who could get their hands on your paper statements.
Your paper statements can be lost, stolen, or somehow accessed in a way that your eStatements cannot. When you’re ready to dump them, paper statements should be shredded or destroyed in some other fashion. eStatements, on the other hand, really can’t be accessed by anyone who doesn’t have access to your service. Shredding is not a problem. Add in the ease of accessing them when you want to review or look something up, and you’re better off with electronically delivered statements than a paper copy that could end up in the wrong hands.