A trend in Canadian Banks has arisen over the last 18 months with the latest being CIBC this week. The basics are to provide at least 6 months, but usually 12+ months of account history within online banking. In return the customer can turn off paper statements being mailed out.

Advantages go to both customer and Bank. The Bank saves $2 ++ per statement per month, which adds up to 10’s of millions in potential savings.

The customer benefits from elimination of one more source of identity theft, and one less item to shred at home.

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