Accept electronic statements3 of 7Credit unions may require their interest checking account holders to sign up for electronic monthly statements instead of receiving paper statements by snail mail, Kelly says. In addition to saving trees, electronic statements can help financial institutions save money on paper and postage, he says.When you do the math, the amount of money a credit union saves by generating electronic statements instead of paper can be enough to justify a higher-interest checking rate for the member, says Kelly.« Back to the 2011 High-Yield Checking Survey. Related Articles:Banking at credit unionsCredit unions, small banksJoin a credit union?Skip uninsured CD sharesRelated Links:Credit union pros, consCredit unions faring wellCD penalties are costlyNew credit union services advertisement
Credit unions may require their interest checking account holders to sign up for electronic monthly statements instead of receiving paper statements by snail mail, Kelly says. In addition to saving trees, electronic statements can help financial institutions save money on paper and postage, he says.
When you do the math, the amount of money a credit union saves by generating electronic statements instead of paper can be enough to justify a higher-interest checking rate for the member, says Kelly.
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