/lifestyle/article/37339
/lifestyle/article/37339
/lifestyle/article/37339
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From: , Earth 911, More from this Affiliate
Published June 9, 2008 08:38 AM

Take That Green All the Way to the Bank

/lifestyle/article/37339

Banks could save enough paper to circle the earth 239 times if consumers stopped receiving paper statements, according to a new research study. That’s 687,000 tons of paper. Currently, three out of four consumers still receive paper bank statements, although they have indicated their willingness to be more loyal to a bank that cares about product stewardship.

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According to the Javelin Strategy report, the five behaviors associated with product stewardship in banking are:

  1. Turn off paper statements. This is the easiest and most widely available way to make an immediate, substantial impact on your carbon footprint and lower your risk of identity fraud.
  2. Switch to direct deposit. In most cases, your money is deposited into your account earlier through direct deposit.
  3. Start using online banking. Checking your accounts online is not only convenient, but significantly reduces waste. Bonus: Save money on postage and reduce the possibility of identity fraud.
  4. Skip the receipt and deposit envelope. Don’t take a receipt. Recently, many banks have installed ATMs that don’t require envelopes for deposits.
  5. Try mobile banking. By signing up for mobile banking, you’re likely to cut down on trips to the ATM or local branch, which reduces pollution and saves you money on gas.

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