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Paper Statements Offer Better Protection?

Thursday, June 23, 2011 - 5:42 AM
I usually agree with most of the advice from Clark Howard, but his advice in this show notes, Citigroup hack highlights dangers of e-statements, is too critical of e-statements in my opinion:
With a paper statement in hand, it's easier to prove that you had the money in the first place in the event funds go missing. If you are set up for electronic info only, well, that's going to hurt. So the best precaution I can give is for you to go back to getting the paper.

One thing to remember is that you can always save your e-statements to your PC and print them out if you have to prove something. E-statements also reduces the chance that criminals will steal your paper statements left in mailboxes.

Do you prefer paper or e-statements?
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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