The Importance Of Paper Bank Statements?

Petagon Federal Credit Union:

Mailed Consolidated Statement of Accounts............ 0.50 per statement

Fee is waived if you receive your statements electronically or have a PenFed checking account with a Direct Deposit of at least $500 per month, or in states where it is prohibited by law.


 

Yes, I still get all my statements in paper.  If their computers go down or mess up my accounts, I always want to have paper statements for proof.  So far, non of our banks or brokerages charge us for paper statements and I think that has a lot to do with the amount one keeps with them so you can be considered "in good standing".  I just don't trust our finances to computers entirely.

Since most all reward checking accounts require electronic statements, many of us don't have the luxury of getting paper statements in the mail.

If that's the case, but you really want a paper statement, all you have to do is to hook up your computer to a printer and print out a copy of the electronic ststement. Seems pretty simple to me.