As of 2015, some banks that offer electronic statements include Wells Fargo, Bank of America and Chase Bank. Citibank is another bank that offers paperless statements.
Customers of Wells Fargo who sign up for electronic statements benefit from receiving their statements faster than mailed statements. Users can view the information anytime online after logging into the bank's site at WellsFargo.com. This type of statement can also help in preventing potential fraud. For example, a secure username and password are necessary to access the electronic statement, whereas anyone who intercepts a consumer's mail only needs to tear open the letter to access the statement.
Consumers may also download and print these paperless statements in a PDF format. The paperless statements are available for many types of accounts, such as personal or business checking accounts and savings accounts. Home mortgage accounts and those that have loans with the company are also eligible for the paperless statements.
Bank of America, Citibank and Chase Bank come with the same feature as Wells Fargo. Bank of America also gives the option for its consumers to switch back to paper if needed. The bank also offers its online users the ability to view these statements on their mobile devices.