It used to be that you had no choice but to rely on your local letter carrier to get information about your bank account balances and transactions. And then it was up to you to save all your old statements in case any questions ever arose.
But no longer. With paperless statements, your entire banking history is available at your fingertips, whenever and wherever you want it.
There's never been a better time to make the switch to paperless statements. Here's five ways going electronic can benefit you.
Security and peace of mind
In the digital age, it's easy to forget that your home mailbox is still a target for fraudsters. And the printed bank statements you receive by mail every month contain important personal information -- including your account number -- that thieves can use to create fraudulent checks for your accounts or engage in other types of identity theft.
Throwing these statements away isn't safe either, as fraudsters are also known to rummage through garbage to find private information that people have neglected to shred.
With paperless bank statements, you don't need to worry about your printed bank statements ending up in the wrong hands. Sophisticated encryption technology keeps your electronic information safe online.
With paperless statements, you no longer need to contend with piles of unread mail by the front door or kitchen counter -- or years of bank statements accumulating dust on a shelf or home office.
Easy access to transaction details
If you want to check on recent transactions, you have to wait for your monthly printed statement to arrive. If you want to access older transaction details, you have to find your old printed statements -- and then review them all until you find the transaction you're looking for.
With paperless statements, all the information you need is available in real time, from whatever device you choose to use -- and scrolling through old transactions is just a few swipes away. And statements are available for download if you prefer.
Health and safety
To check your paperless statement, all you need is your personal computer or mobile device. Accessing your statements through your own devices minimizes the number of hands that would touch them otherwise, reducing the spread of germs.
If you're looking for a quick and convenient way to reduce paper consumption, paperless bank statements fit the bill. Want a sense of just how much paper you're saving? Take a look at your stacks of old statements -- and then remember that all of them once arrived at your home in a paper envelope.
Ready to go paperless? For current My Synovus customers, switching is easy. First, login to My Synovus from your desktop or mobile device. Then, select an account and click View Statements. Next, select Manage Document Delivery to view or make changes to statement options. Then, click the Delivery Method dropdown arrow and select Electronic. Now click Save. That's it! If you are not yet using My Synovus, you can select paperless statements during your enrollment.
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This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.
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