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What is paperless banking?

Updated: 12/11/2022
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14y ago

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Paperless banking is getting online access through your banking institution's website. You pay your bills, and make account transfers online. You can even ask for a credit increase on your credit card online at some banks. You can notify the bank while online that you no longer wish to receive paper statements in the mail. In some banking institutions, this can mean savings account, checking account and credit card statements. The only drawback is if your computer crashes and you have to pay a bill, make a transfer or need to make other transactions, you won't have the paper statements in the mail to which you would refer to.

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