“Not only does going paperless save paper, but it saves other resources needed to print and mail statements. Plus, I don't have piles of bills stacked up on my desk, I don't need to …”
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Little Things I Do For the Sake of the Environment
Thanks to online banking, financial institutions offer virtual statements, also known as paperless statements or e-statements. Due to identity theft concerns, a virtual statement may be seen as a safer alternative against physical theft as it does not contain tangible personal information, and does not require extra safety measures of disposal such as shredding. However, a virtual statement is easier to obtain for the thief who is an expert on online banking.