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How Many Banking Customers Receive E-Statements?

Monday, July 15, 2013 - 6:33 PM
Do you still receive paper statements? If you do, it appears you're in the majority. This Credit Union Times article on Xceed Financial Credit Union is interesting in how it shows how many of its members receive e-statements. Xceed Financial has been pushing members into e-statements with various incentives. This has helped, but the majority of members still receive paper statements. According to the article:
As a result, more than 23,000 of the credit union’s nearly 67,000 members – about 34% – are now enrolled in e-statements, Xceed Financial said.

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5
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800
1. Monday, July 15, 2013 - 7:22 PM
I currently receive e-statements from PenFed but still receive paper statements from two other credit unions of which I am a member of.
6
ShorebreakShorebreak2,700 posts since
Apr 6, 2010
Rep Points: 14,636
2. Monday, July 15, 2013 - 7:32 PM
I get both.  I get paper statements from all institutions and also have access to e-statements so I can check accounts at any time that I want to.  This way if a statement is held up in the mail, I can still keep a check on the account via the computer.
4
paoli2paoli21,406 posts since
Aug 10, 2011
Rep Points: 6,152
3. Monday, July 15, 2013 - 8:31 PM
Media is not an issue for me; I simply refuse to pay for statements.
Where banks/CU's charge for paper statements, I opt for their no-charge
e-statements.
4
cumuluscumulus365 posts since
Jan 16, 2010
Rep Points: 1,716
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