Paper bank statement surging demands in 2021

Electronic real bank statements have virtues — preserving the environment by saving trees from being cut down, keeping our desk uncluttered — but also they have a disadvantage: They can be easy to forget or easy to misplace.

For more information about getting bank statements

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You could instead get paper statements delivered by mail, an option became less popular as technology gets better.

But the American Bankers Association, says they “won’t disappear entirely, and have come back to a surge in 2021”

Whatever form they take, these monthly records help you spot fraudulent purchases and errors and, in the case of bills, remind you of payment deadlines.

Here’s what you can expect from bank statements in the future and how to decide whether sticking with paper makes sense for you.

A MORE DIGITAL FUTURE

Bank statements played a key role when balancing a checkbook was common. You would keep track of deposits and withdrawals on paper and compare your numbers each month with your statement. One perk to using paper is being able to mark it up.

But, just as checks gave way to debit cards, paper bank statements are being replaced by electronic ones and other technology.

“Instead of a formal document at the end of the month, it’s a rolling, continuous spending tracker,” Cole Kennedy, a copywriter in New York City, says of his bank’s tracking feature. His bank also provides graphs of his spending history.

Many banks have tools such as mobile alerts to help prevent fraud, and someday digital banking might affect paper statements too.

“We’re not going to snap our fingers and stop sending paper” to people who want it, says Rob Krugman , chief digital officer at Broadridge, a customer communication and analytics firm that delivers financial statements on behalf of thousands of brands. “But there’s an opportunity to make the paper and the digital work together.”

For example, he says, a one-page statement could have an integrated chip in the paper, which you could scan with a smartphone to see more details online.

‘GOING PAPERLESS’ ISN’T FOR EVERYONE

Banks have encouraged customers to opt into electronic statements, or “go paperless,” for over a decade , and the push continues; a quarter of banks now charge a fee to send a paper statement, according to 2014 data from banking analytics firm Novantas.

Recently, from the start of January 2021, many clients of most banks asked for paper bank statements especially through the services of voyagewatch and other courier companies that could link with banks to get their bank statements without charging a sending fee. This could partly be explained by the fact that many people after the covid-19 lockdown wanted to  get in touch with the physical and track their investments as well as their savings.

However, getting bank statements online have been quite easy in recent years especially for those going in for investments or those in need of loans. Voyagewatchers has been a companion of many around the world in the issue of bank statements both electronic and paper bank statements.

More information on the issue of real verifiable bank statements online can be found at voyagewatchers

For more information about getting bank statements

Website: www.voyagewatchers.com

WhatsApp ..... +1(937)203-0970

E-mail .... voyagewatcher@gmail.com

WhatsApp ..... +1(937)203-0970