
Get exclusive money-saving offers and guides
Straight to your inbox
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Tired of paying the bank to send you your own credit card statement? Cut back on unnecessary waste and costs by opting to receive paperless credit card statements online for free.
This guide looks at the differences between online and paper statements so you can make an informed decision about how to manage your account.
Paper and electronic statements look the same, the difference being online statements are sent to your email inbox not your postbox.
Printed statements | Paperless online statements |
---|---|
Printed by the credit card provider and sent to you by post | Accessed via Internet banking. Some providers also email your statements via a secured email service |
Provides you with a physical copy of your statement for review | Allows you to easily store statements electronically for quick recall and review |
May attract a print statement fee of between $1 and $7 (especially for additional statements) | No cost involved |
Can take several days to reach you | Can be accessed immediately |
Many financial institutions provide electronic statements as a default service; you’ll have to opt-in to receiving online statements if this isn’t the case. You can do this by calling your credit card company or logging on to Internet banking. You can check to see whether you’re registered for paperless statements once you’ve linked your credit card to your online banking account.
Follow these four general steps to access your online statements:
1. Log in to your Internet banking account.
2. Select the credit card account you want to view statements for.
3. Select the “statements” option for that account.
4. Click on the statement period you want to view.
You’ll get an email notification when you get a new statement, which should help serve as a reminder to view your statement and make repayments. If you’ve verified your mobile number you can also opt for SMS notifications. Some financial institutions will even send you an SMS code as an extra layer of security before you can open the document. As well as current statements, you can also view past statements online too.
If you want to download your statements, you’ll need an application that can open the PDF file format (such as Adobe Acrobat). You can then save the PDF statement to view or print if you’d like a hard copy.
Paper and electronic statements serve the same function, but paperless versions will help save you money, the environment, paper build-up and time in the long run.
Images: Shutterstock.
Back to topToday's best Finder Daily deals include: 55% off Lay-Z Inflatable Spas, $899 Macbook Air laptops, 36% off Nespresso coffee machines.
Credit cards are being used less and experts say Buy Now Pay Later services such as Afterpay and Zip are to blame, according to new research from Finder. In this month's Finder RBA Cash Rate Survey™, 39 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy.
Robinhood is set to go public as soon as June. Here's what you need to do to buy in from Australia.
Beat the banks, find the best exchange rates and avoid fees when you send money abroad from Australia.
Earn flexible rewards points as you spend and enjoy a big 100,000 bonus points offer with the Citi Rewards Credit Card.
Save on fuel at 7-Eleven with this fuel card you can use across the WEX Motorpass network.
Finder's submission in response to the Inquiry into Future Directions for the Consumer Data Right.
Learn about how TransferMate’s personal product works and what it can do for you.
NBA, Pokemon, YuGiOh! Here's where you can get your hands on trading cards online.
This card offers 0% interest on balance transfers for 36 months, a discounted $29 first year annual fee and platinum benefits including airport lounge passes and complimentary insurance covers.
Do any credit card providers offer no annual fee with free paper statements?
Hi Malcolm,
Thanks for reaching out.
Here is a link where you can compare credit cards that offer 0 annual fee side by side.
For the free monthly statement, you will have to directly click on go to site on that page or contact the bank directly
Cheers,
Joanne