In today’s digital world, convenience, security, and sustainability are at the heart of good financial management. Whether you’re tracking your spending, budgeting for the future, or simply staying on top of your finances, how you receive your bank statements can make a surprising difference. At Great Oaks Bank, we’re committed to helping our customers make smart money moves—and one of the easiest and most impactful steps you can take is switching from paper statements to eStatements.
In this article, we’ll explore what eStatements are, how they work, and why thousands of customers are making the switch. Plus, we’ll show you how simple it is to enroll today.
What Are eStatements?
eStatements (electronic bank statements) are digital versions of your monthly or quarterly bank statements. Instead of receiving a paper statement in the mail, you get a secure digital document delivered through online or mobile banking.
eStatements contain all the same information as traditional statements:
- Account balances
- Transaction history
- Deposit and withdrawal details
- Interest earnings
- Fees and service charges
The key difference? eStatements arrive faster, are easier to store, and help you cut down on paper waste.
1. Convenience at Your Fingertips
One of the top reasons customers choose eStatements is convenience. With eStatements, you no longer have to wait for the mail or shuffle through a pile of paper to find a specific month’s information. Your statements are delivered to your secure online banking portal, where they’re available 24/7.
Benefits:
- Instant access to past and current statements
- Downloadable and printable anytime
- No more paper clutter or misplaced mail
- Easy recordkeeping for taxes, budgeting, and planning
Whether you’re at home, on the go, or meeting with your financial advisor, your banking history is right there with you.
2. Enhanced Security
Some people stick with paper statements out of habit—but ironically, paper can actually pose greater risks to your personal information. Mail theft and lost or misplaced documents are among the most common ways identity theft occurs. In contrast, eStatements are protected by the robust encryption and login security of your Great Oaks Bank online banking account.
Why eStatements Are Safer:
- Encrypted delivery inside a password-protected environment
- Reduced risk of mail fraud or identity theft
- Less personal information in your trash or recycling
And if you’re worried about cyber threats, rest assured: Great Oaks Bank uses industry-leading security practices to keep your data safe.
3. Sustainability That Matters
Switching to eStatements is a small but meaningful way to reduce your environmental footprint.
Every year, millions of pounds of paper are used to print bank statements—most of which are eventually discarded. By going digital, you’re helping conserve natural resources and reduce waste.
Your Impact:
- Save trees and water used in paper production
- Cut down on energy used for printing and transport
- Lower carbon emissions from mail delivery
It’s a simple step with real-world benefits. And the more customers make the switch, the greater the impact we can make together.
4. Stay Organized Year-Round
If you’ve ever gone hunting for an old statement when preparing your taxes or applying for a loan, you know how frustrating it can be to dig through piles of paper. eStatements keep everything neat, organized, and searchable.
Great Oaks Bank offers up to 18 months of statement history online, so you can quickly retrieve your documents when you need them most. Bonus: You can also download and back up your statements to your personal files or cloud storage for extra peace of mind.
How to Enroll in eStatements
At Great Oaks Bank, we’ve made it quick and easy to make the switch.
Here’s how to enroll:
- Log in to your online banking account or mobile app.
- Navigate to the “Documents” or “Statements” section.
- Select “eStatements” enrollment.
- Choose the accounts you’d like to switch from paper to digital.
- Confirm and save your settings.
That’s it! You’ll start receiving your statements electronically with your next billing cycle.
If you need help enrolling, our team is happy to assist you at any branch or over the phone
Common Questions About eStatements
Are eStatements free?
Yes! eStatements are a complimentary service offered by Great Oaks Bank. In fact, switching to eStatements can help you avoid paper statement fees that may apply to some account types.
Can I go back to paper statements if I change my mind?
Yes, you can update your preferences anytime through online banking. However, we’re confident that once you experience the convenience of eStatements, you won’t want to go back.
How do I know when a new eStatement is available?
You’ll receive an email notification each time a new statement is posted to your account. You can then log in securely to view or download it.
Are eStatements available for all account types?
Most personal and business checking and savings accounts are eligible for eStatements. If you’re unsure, contact your banker and we’ll walk you through your options.
Join the Thousands Already Banking Smarter!
At Great Oaks Bank, we believe in giving our customers the tools they need to manage their money with confidence. eStatements are just one of many ways we’re making banking smarter, safer, and more sustainable. Whether you’re a long-time customer or just getting started, now is a great time to make the switch.
Save time. Stay secure. Go green.
Enroll in eStatements today—and take one small step toward a simpler financial life.
Need Help?
Stop by your local branch for assistance.
We’re always here to help you make the most of your banking experience.