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How eStatements help protect you from fraud

Personal Finances 3 min read
eStatements reduce fraud risk by keeping sensitive financial information out of the mail. Learn how switching can help protect your accounts.

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Are you leaving an unwanted paper trail?

Fraud can come from unexpected places — it can even start right in your mailbox.

When paper bank statements travel through the mail, they’re vulnerable to prying eyes. And with mail theft on the rise, financial documents are a common target for identity thieves.

Choosing eStatements is a simple way to reduce that risk. Not only do they help you protect sensitive information, but they also make it more convenient to see your account activity.

The hidden risks of paper statements

Even after delivery, paper statements can pose a risk. Statements left in a box, misplaced at home, or tossed without shredding can be retrieved and misused.

A typical bank statement includes your name, address, partial account number, and a detailed record of your transactions. That information is essential for managing your money, but it can also be used by a bad actor to impersonate you or misuse your account.

That’s why we encourage all our customers to opt in to eStatements. Your statements are stored securely online rather than traveling through the mail or sitting around the house.

Why eStatements are a safer option

eStatements help remove many of the risks and inconveniences that come with paper mail:

  • No paper mail. eStatements never pass through the postal system, so there’s no chance of them being misplaced, intercepted, or pulled out of the trash.
  • Secure access. First Bank uses encryption and authentication measures to protect our online banking platform, adding layers of security that paper simply can’t provide.
  • Faster visibility. eStatements are typically available sooner than mailed statements, giving you the chance to review activity quickly and spot anything that doesn’t look right.

As a best practice, the FDIC encourages consumers to regularly monitor their accounts and take advantage of digital banking tools. eStatements make both habits easier.

A small change that makes a meaningful difference

Switching to eStatements isn’t a guarantee of fraud prevention, but it will lower your risk. With a strong password, account alerts, and a little vigilance, you can stay one step ahead.

It only takes a few clicks to get started. Go to our online banking platform and select eStatements from the menu to opt in. Or if you’d rather talk it through, our Customer Support team is always happy to help.

Remember: While eStatements help reduce certain risks, customers should continue to monitor their accounts regularly and report any suspicious activity right away.

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