Restrictions on Providing eStatements (not paper)

Answered by:

Question:

Are there any restrictions on providing eStatements and no paper statements for checking/savings accounts (even at customer request)?

Answer:

We've discussed this topic aggressively for the past 10 years. There are scores of threads dealing with electronic delivery of the required disclosures contained in deposit statements. An easy way to tap into this body of discussion is to do an advanced search using the Keyword "consent" and Display Name "Richard Insley."

First published on BankersOnline.com 2/13/12