Go Green? Paper Financial Statements Still Have Their Benefits – NBC News

Going green is an enviable goal, but for some people paper is still the better choice for financial statements, according to a new report from the non-profit National Consumer Law Center. Digital is cheaper; it eliminates printing and postage costs. That’s why banks, credit unions and credit card companies are pushing so hard — with bill inserts and on-screen pop-up messages — to get their customers to switch from paper to electronic monthly statements. “Good old paper may be old-fashioned, but it actually has advantages,” said NCLC attorney Chi Chi Wu, who co-authored the report. “It’s much easier to get your mail, open the envelope and look at a statement versus getting an email, remembering to go to the website, enter your password and download the statement and then open it and look at it.” Even computer-savvy people who pay their bills online often prefer paper statements, Wu said. Computers can crash and email can be ignored or overlooked. Paper statements are more likely to be opened.

Source: Go Green? Paper Financial Statements Still Have Their Benefits – NBC News

Advertisements