The benefits of electronic banking.Switching over to electronic banking is a winning proposition for all parties:
- With electronic banking, it is very easy to keep track of your records. In this day and age, a three-ring binder of bank statements seems a little dated, and it takes up a lot of room, and Murphy's Law indicates that the key statement you need, will be missing.
- With electronic bill paying, you save on postage, you avoid manually writing checks, filling out a check register, etc., and avoid check printing fees. It's also easy to pull up records to prove payments have been made.
- You avoid a monthly service charge.
- The bank's costs are reduced, since they no longer have to buy paper and envelopes, print and send expensive monthly statements.