But if you don't want to pay a monthly fee, you may want to enroll in e-statements instead. Paper statements can be useful for tracking your transactions more closely. Do you throw away your paper bank statements? If you don't shred the document first, someone could go through your trash to access your bank information and steal your identity. For example, a bank may waive your monthly fee or pay a cash sign-up bonus. Some banks offer benefits when you opt for e-statements over paper statements. Then you just log in to your account and view. Receiving paper statements isn't great for the environment, especially if you already have access to statements online. Every month well send you a reminder email to let you know when your bill is online. Most banks charge you a few dollars per month for paper statements. ![]() Granted, you can also download e-statements to view them later - it just may be easy to forget. But if you hold onto all your paper statements, you can look back on them years later if necessary. Most banks keep your statements on file for five years, if not longer. But receiving a document in the mail is a good reminder to check your statement for any errors, or to review your spending if you're trying to budget. Yes, you can see deposits and withdrawals with e-statements. Speak with a customer service agent to make sure you aren't paying for paper statements if you don't want to receive them. There should be a menu option specifically for statements, and you're able to sort by month.ĭepending on the bank, you may automatically be enrolled in e-statements but not paper statements, or vice-versa. With e-statements, otherwise known as paperless statements, you see your transaction history on the bank's website or mobile app. Otherwise, you can enroll in e-statements to avoid fees. If you're set on receiving statements in the mail, you can bank with an institution that won't impose a fee, such as Ally or Discover. When you open an account, ask an employee or check the website for information about whether you need to opt in or out of paper statements.Īlthough most banks charge you for paper statements, not all do. Paying your bill online with a Visa, Mastercard, American Express or Discover credit/debit card is convenient, fast and secure. Some banks automatically send you paper statements others require you to enroll. You can find these when you log into your bank account online or via the mobile app.īut a bank will probably charge you when it mails a physical copy of your bank statement to your home - this is a paper statement fee. These days, most banks provide online statements for free. The exact dates depend on the bank, but it could be from the ninth of a month to the eigth of the following month, for example. The one-month period isn't always from the first to last day of a month. One statement shows the activity over a "statement period," which is typically one month. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept ourĪ bank statement is a document that shows your account activity, including deposits and withdrawals.
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