To cut mailing costs, some banks are encouraging cardholders to receive their monthly account statements via e-mail. But while it’s tempting to take the paperless plunge it may pay to be old-fashioned.
You may confuse your legitimate online statements with a bogus e-mails sent out by the online scammers known as phishers. They are those who design e-mails to look like official business from banks and other institutions. They are hoping that you will reply and give them your financial information. Then scammers would set up fraudulent accounts, or worse, steal your identity. Anyone can fall victim to a scammer, but receiving credit card statement through e-mails increases your chances. Not only that, e-mail statements can create problems too. Sometimes spam filters will mistaken bank messages for junk and discard them. You could lose track of payment dues and end up paying late fees. When it comes to certain paperwork, stick to paper.
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