Are paper statements still mailed
The nostalgia of paper statements!
While many financial institutions have transitioned to digital statements, some still mail paper statements to their customers. The frequency and availability of paper statements vary depending on the institution, account type, and customer preferences. Here's a general breakdown:
- Banks and credit unions: Many banks and credit unions have largely shifted to digital statements, but some may still mail paper statements for certain accounts, such as:
- High-net-worth accounts
- Business accounts
- Accounts with complex transactions or investments
- Customers who specifically request paper statements
- Investment firms and brokerages: Some investment firms and brokerages may still mail paper statements for:
- Investment accounts with complex holdings or transactions
- Accounts with high-value assets
- Customers who prefer paper statements
- Credit card companies: Some credit card companies may still mail paper statements for:
- High-limit credit cards
- Business credit cards
- Customers who prefer paper statements
- Utility companies: Utility companies, such as electricity, gas, and water providers, may still mail paper statements for:
- Customers who don't have online access or prefer paper statements
- Large commercial or industrial accounts
To confirm whether your financial institution still mails paper statements, you can:
- Check your account online or mobile app
- Contact your financial institution's customer service
- Review your account agreement or terms and conditions
Keep in mind that many institutions offer electronic statements as a more convenient and environmentally friendly option. If you're interested in switching to digital statements, you can usually do so through your online account or by contacting your financial institution.