Banking doesn't have to be that hard nor that wasteful. You don't have to run around like a headless chicken while killing trees in the process. There's a better solution to banking that's not only convenient but also ecologically friendly.
We all use paper everyday – to write on, to draw on, to scribble on, to wrap fish in or to play wastebasket basketball with. We also use paper for things like bank account statements and billing statements. If you multiply that with the number of people in the country that’s a lot of paper that’s being used up – and a lot of trees.
That’s also a lot of paper records that you need to have and keep track of – not really an easy task for many. But there’s a way to get rid of the paper and still get the same information from your accounts and billers – online banking.
If you already have a Bank of America bank account then you’re eligible to sign up for their online banking service. Register using your ATM or debit card number, the PIN, your social security number and a valid email address.
Once inside you can view all your personal Bank of America accounts – savings, checking, money market accounts, and certificates of deposits, credit card, lines of credit, mortgages and even individual retirement accounts. This also includes all your out-of-state accounts (except in Washington State and Idaho). You can also view your business accounts although you will need to apply for another ID for that.
Eligible accounts automatically get the electronic versions of their paper statements – just that you don’t have to wait for it in the mail. You have the option of getting the electronic statements while still receiving the paper statements through the mail.
But you can choose to opt out of the paper statements altogether and just stick with the electronic versions. Once you do that you will receive email notifications telling you when an electronic statement is available for your perusal. You can either print them out or download them to your computer for your records.
You have that same option when it comes to your bills once you sign up to the optional bill pay service. Simply add the billers that you already pay into your “pay to” list and opt to receive their electronic bills instead of the paper bills. Like the electronic statements, you will also receive an email notification once you get an e-bill.
To pay the bill simply click on it, enter the amount you want to pay and set the payment schedule (hopefully 5 business days before the due date to give your biller time to process and credit your account). Do take note than not all billers send e-bills – check the list on the Bank of America Website.
With bill pay you can pay almost anyone at anytime. You can even choose the account you want to pay it from – your checking, your money market account or your credit card. You can even set up recurring payments for your regular bills and do schedule it up to a year in advance.
With online banking you not only save the trees but you also give yourself the convenience and save time that you would have spent writing checks and mailing them out.
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