![]() The time savings of going paperless applies to bank statements as well. Identify Low Balances & Fraud More Quickly Paperless bills also allow you to keep tabs on your financial obligations while away from home on business or vacation. But if you haven’t, a paperless bill will provide you with bill amount and due date information earlier than will a paper version. ![]() If you’ve deployed Mint’s bill pay safety net, you’ll automatically be notified of the amount and due date of each new bill as soon as it becomes available. ![]() The near-instant delivery of a paperless bill via email offers a clear advantage here. Weekends and Federal holidays only extend this time-frame further. For example, this USPS map tool indicates that First Class Mail can take as long as three business days to make it to all areas of the continental United States. Paperless bills bypass the time it takes your service provider to print, fold, and mail your bill, to say nothing of the time it spends in transit. We’ve already covered how paying your bills online effectively extends your personal grace period by eliminating mail handling and delivery time-frames. Similarly, you can give yourself more time to budget for and pay a given bill if you receive it electronically. Let’s take a closer look at the various ways you can do so below. You can save time and money while protecting your identity by enrolling. Paperless billing and banking is now offered by many service providers and banks. Financial Benefits Of Paperless Billing & Banking Paperless banking works virtually the same way, although in regard to bank statements rather than bills. In others, particularly for bills containing sensitive information, emails are sent stating a bill is available via the secure website of a given service provider. In some cases, these bills are sent as an attachment directly to an email. Paperless billing consists of bills that are sent to you electronically rather than through the mail. ![]() But how you pay a bill represents only one half of the bill pay equation – how you receive it is just as important. I’ve already covered how you can de-stress, save up to $130,000, and preserve the planet with online bill pay. 3.1 Identify Your Environmental Footprint.3 Environmental Benefits Of Paperless Billing & Banking.2.3 Protect Your Identity By Going Paperless.2.2 Identify Low Balances & Fraud More Quickly.2 Financial Benefits Of Paperless Billing & Banking. ![]()
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