Money Smarts Blog
Fraud Prevention: Switching to E-Statements
Dec 19, 2024 || By Jeremy McAuliffe, Fraud Investigator
In today’s digital world, protecting your financial information is more important than ever. One simple yet effective step to safeguard your account from fraud is switching your credit union statements to e-statements.
Faster access, greater security
Paper statements can be intercepted, stolen, or lost in transit, leaving your sensitive information vulnerable. E-statements, on the other hand, are accessed securely online, where you can view your statements immediately, without worrying about them sitting in your mailbox.
Reduced risk of mail theft
Fraudsters often target mailboxes to steal personal information, including bank statements. With e-statements, you eliminate the risk of "mail fishing” - a common method thieves use to steal sensitive data.
Easier to monitor for fraud
E-statements allow you to monitor your account activity in real time. With paper statements, you might miss fraudulent charges that appear after the statement is issued. With e-statements you can check your transactions as they happen, making it easier to catch any discrepancies and report them quickly.
Eco-friendly and convenient
Besides enhancing security, e-statements also help the environment by reducing paper waste. Plus, they’re more convenient — you can access your statements anytime, anywhere, from your phone, tablet, or computer.
Switching to e-statements is a simple yet powerful way to protect yourself from fraud and stay in control of your financial information. It’s an easy step you can take today to secure your account and enjoy the peace of mind that comes with digital convenience and security.
Fraud Prevention: Switching to E-Statements
Dec 19, 2024 || By Jeremy McAuliffe, Fraud Investigator
In today’s digital world, protecting your financial information is more important than ever. One simple yet effective step to safeguard your account from fraud is switching your credit union statements to e-statements.
Faster access, greater security
Paper statements can be intercepted, stolen, or lost in transit, leaving your sensitive information vulnerable. E-statements, on the other hand, are accessed securely online, where you can view your statements immediately, without worrying about them sitting in your mailbox.
Reduced risk of mail theft
Fraudsters often target mailboxes to steal personal information, including bank statements. With e-statements, you eliminate the risk of "mail fishing” - a common method thieves use to steal sensitive data.
Easier to monitor for fraud
E-statements allow you to monitor your account activity in real time. With paper statements, you might miss fraudulent charges that appear after the statement is issued. With e-statements you can check your transactions as they happen, making it easier to catch any discrepancies and report them quickly.
Eco-friendly and convenient
Besides enhancing security, e-statements also help the environment by reducing paper waste. Plus, they’re more convenient — you can access your statements anytime, anywhere, from your phone, tablet, or computer.
Switching to e-statements is a simple yet powerful way to protect yourself from fraud and stay in control of your financial information. It’s an easy step you can take today to secure your account and enjoy the peace of mind that comes with digital convenience and security.
