If you have access to a computer, it may be time to start thinking about getting your bank statement online. The first thing you should know is, the online statement is really no different than the envelope you get from the bank every month.
"Online statements are just like your paper statements that you receive in the mail. So your monthly checking accounts or your quarterly savings accounts that you receive in the mail, you have access to them on a secured line called banking, online banking,” said personal banker, Jill Pascua.
There are certain advantages in doing your banking online.
"Online statements is a more secured way of seeing your statements, as opposed to getting them through the mail and possibly getting them lost. It's probably best to sign up for getting your on line statements,” she said.
There is the added advantage of knowing you're going green by not using so much paper. Is the service free?
"It depends on the account. Usually, with your account one of the benefits may be on line banking which gives you your statements,” she said.
"You do need to sign up with on line banking with certain financial institutions in order to see your on line statements. And usually online banking may not have a fee. It depends on the account that you have with that financial institution,” she said.
Of course, the best test of a system is whether the advisor herself uses it.
"Definitely. I do it myself. I do online banking. I get my statements online. I can see my transactions that I've done the day before - just in case I didn't balance my checkbook that day,” she said.
