Community Chat

[Spurt]

---

@Carolina925 wrote:

I'm not sure if my bank charges for mailing statements but I've been getting them online for years. We go through periods where I don't feel my USPS mail is safe; I would get them some months, some months not. Most every company I do business with charges to mail bills or statements, even our county offices where we pay taxes charges for paper bills.

---

@Carolina925 

Im with you, I have little faith in USPS with all the mail delivered to the WRONG mailbox....With good software security on laptop I feel online is safer!

[RollTide2008]

---

@Bri369 wrote:

---

@CelticCrafter wrote:

---

@Bri369 wrote:

I don't see the need for paper statements any longer.  It's just something I'm going to wind up shredding anyway.  I can access my accounts 24 hours a day.  If I need to have a paper copy, I can just print out what I need. 

---

And in the case of my in-laws both of them 90+ years old, don't have a computer and never had one, don't know how to use the internet, don't have a smart phone.  Then what?

---

@CelticCrafter  Then I assume they will continue to get paper statements mailed to them.  

---

My bank charges for a statement but will print it in the branch for free.

[Sooner]

---

@Bri369 wrote:

I don't see the need for paper statements any longer.  It's just something I'm going to wind up shredding anyway.  I can access my accounts 24 hours a day.  If I need to have a paper copy, I can just print out what I need. 

---

@Bri369 And if I get a paper copy and need it a year later I will have 11 statements filed neatly.  All but the one I need.  Is that not a law or something?????

[Trailrun23]

All banks are charging for mailing paper statements, they just don't state it by putting it into whatever fees they charge. It's all figured into everything. 

[catter70]

@RespectLife, problem is I don't have a printer and wouldn't use one except for that. Guess I'll just wait and see what happens at my bank.

[Spurt]

---

@chrystaltree wrote:

My two banks give us the choice of online or paper statements and they both charge a small fee for paper statements.  It has to be paper or electronic, not both. I took electronic but not because of the $3.00 (maybe $5.00) fee.  I did it for the security aspect.  I don't want my banking information on paper or going through the post office or sitting in my mailbox.  Not to long ago, a new mail carrier put someone else's mail in my mailbox and it was her bills and what looked like a bank statement.  Scary stuff!  My banks have apps. They both require passwords and one also requires a one time security code.  I still have paper because I can print them if I choose to or I can convert to a pdf and put them in a file on my computer.  

---

@chrystaltree 

You're right its pretty scary what USPS can misdeliver to someone else----Ive gotten someone else's:

Jury Summons

Mail that said "Your Auto Insurance Renewal ID is enclosed"

Mail from DMV

Medical insurance bill

Packges

[kaydee50]

---

@SeaMaiden wrote:

---

@beckyb1012 wrote:

I pay nothing online and I get all my statements regarding my accounts in the mail.  None of the financial institutions charge a thing for the documents.   Since I was a jr. in high school when I opened my first checking and savings account I have loved writing the checks and getting the mail.  Still do.

---

@beckyb1012  I am guessing you are a boomer like I am?  I am 67 this week and also write checks for most bills when I can.  I think check writing will be gone when we Boomers die off.... it is what I grew up with....the youngsters today would never write a check😄

---

When we rented an apartment a few years ago and wrote a check for the security deposit, the agent was impressed!!  He said the young people do not know how to write out a check.  I'm sure now people can just transfer the money via their smartphones!!

[kaydee50]

---

@RespectLife wrote:

---

@catter70 wrote:

I balance my paper statement every month, but for some reason can't do it when trying on line. I don't know why I have trouble with doing that. Hopefully, my bank won't do that.

---

Me too @catter70 

My bank charges a fee to mail statements also, and I refuse to pay it.

I get the statement online and print it....then balance the old fasion way!

---

I haven't "balanced" anything in decades.  Just eyeball the statement to make sure everything is OK and done!

[beckyb1012]

---

@kaydee50 wrote:

---

@SeaMaiden wrote:

---

@beckyb1012 wrote:

I pay nothing online and I get all my statements regarding my accounts in the mail.  None of the financial institutions charge a thing for the documents.   Since I was a jr. in high school when I opened my first checking and savings account I have loved writing the checks and getting the mail.  Still do.

---

@beckyb1012  I am guessing you are a boomer like I am?  I am 67 this week and also write checks for most bills when I can.  I think check writing will be gone when we Boomers die off.... it is what I grew up with....the youngsters today would never write a check😄

---

When we rented an apartment a few years ago and wrote a check for the security deposit, the agent was impressed!!  He said the young people do not know how to write out a check.  I'm sure now people can just transfer the money via their smartphones!!

---

I have started wondering if the non check writing for them is due to only their thumbs working and not the other parts of their hand?

[kaydee50]

@occasionalrain  I don't think it's only a way for businesses to pass on the cost to their customers.  IMO, younger people want things right away.  In the time it takes to write and mail a check, they can pay a dozen bills.

My greatest fear is that a smartphone, which I currently do not have, will become a necessity and every transaction will be done with it.