Online banking is such a time saver

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Online banking is such a time saver
Topic Started: Apr 21 2013, 04:44 AM (855 Views)
goldengal	Apr 21 2013, 04:44 AM Post #1
Mistress, House of Dogs Posts: 11,674 Group: Member Member #715 Joined: March 31, 2010	In 2006 I commenced using online banking. For a few years I still received statements in the mail, but then opted to receive them online, as well as Visa, phone bill, 407 ETR, even car insurance. This past week I decided to go through my 4 drawer legal size filing cabinet and discard everything possible. I only have a dinky shredder, and have been shredding for going on 2 hours. I also found a box of cancelled cheques (does anyone receive them any more?) and statements from '98 through 2005. I have whittled the contents of the filing cabinet from 4 drawers full to 1-1/2. This surely has to save banks and stores money inasmuch as they do not have to print out and mail out statements, and it saves me time and money as I do not print anything off since it is available on line. Take care, Pat

Replies:
goldengal	Apr 22 2013, 01:06 AM Post #16
Mistress, House of Dogs Posts: 11,674 Group: Member Member #715 Joined: March 31, 2010	Likely I am naive, but would banks not have backups of everything? I always thought the idea of receiving everything online was to go green, and do away with all the paper. Too late for me to worry about it now, and I am happy to have whittled so much away. Take care, Pat



Daniel	Apr 22 2013, 05:34 AM Post #17
Small Star Member Posts: 902 Group: Member Member #759 Joined: May 9, 2010	I find it very difficult keeping track of online statements. If I print them out, that would shift the cost of paper from the bank to me. I would rather receive them in the mail because they are in your face and staring at you everyday whether you are logging into your e-mail or not. I still prefer my bills mailed to me. So I've created spreadsheets for all my bank accounts. Everytime I make payments like online or mailing in a cheque, I input it into my spreadsheet and I can compare the online account balance with the my spreadsheet. But for all the ease that online is doing, guess where all the bank jobs are going?



friendshipgal	Apr 22 2013, 08:11 AM Post #18
Guess everyone wants their own Trudashians Posts: 12,815 Group: Member Member #241 Joined: February 12, 2006	goldengal Apr 21 2013, 04:44 AM In 2006 I commenced using online banking. For a few years I still received statements in the mail, but then opted to receive them online, as well as Visa, phone bill, 407 ETR, even car insurance. This past week I decided to go through my 4 drawer legal size filing cabinet and discard everything possible. I only have a dinky shredder, and have been shredding for going on 2 hours. I also found a box of cancelled cheques (does anyone receive them any more?) and statements from '98 through 2005. I have whittled the contents of the filing cabinet from 4 drawers full to 1-1/2. This surely has to save banks and stores money inasmuch as they do not have to print out and mail out statements, and it saves me time and money as I do not print anything off since it is available on line. Take care, Pat I've been using on line banking for years. I have only two bills coming by snail mail because so far they don't offer it on line. I can pay those bills on line but not receive electronic notification, I don't print anything out either. I only keep income tax stuff for 7 years and bills for as long as there is a warranty. I still seem to have a lot of paper around though, one of these days I'll toss it. Hubby has a few bills he keeps in his drawers, and I have all the kid's report cards back from grade school.... I'll toss them eventually as they don't want them. My big worry is what hubby will do if I die first as he doesn't have a clue. He uses the computer for some e-mail and vintage car websites, looking up lottery tickets and the odd bit of research but that's all. I've printed out a list of instructions with all the sites and passwords but he won't get it. The kids will be able to help him out if it comes to that. He can pretty well fix and do anything except computers. A bit off topic but MBNA ticks me off with all their mail wanting us to open a credit card with them. I've sent them back asking to stop but they don't so I send back their self addressed prepaid envelope stuffed with as much as I can get in it. I've even stuffed some washers in there to make it weigh heavier.



Delphi51	Apr 23 2013, 04:22 AM Post #19
Member title Posts: 13,967 Group: Administration Member #441 Joined: October 10, 2006	I download all my transactions every month or two and past them into a spreadsheet so I can search for stuff going back years, way easier than using the paper copies. My bank doesn't offer access to records more than 6 months old. The .csv download opens in any spreadsheet program. One bank did not offer a download, so I just copied the display off the screen and pasted into a spreadsheet. It didn't work quite right so I wrote a small program to clean it up.



wildie	Apr 23 2013, 02:29 PM Post #20
Veteran Member Posts: 12,173 Group: Member Member #442 Joined: October 11, 2006	goldengal Apr 22 2013, 01:06 AM Likely I am naive, but would banks not have backups of everything? I always thought the idea of receiving everything online was to go green, and do away with all the paper. Too late for me to worry about it now, and I am happy to have whittled so much away. Take care, Pat You correct that financial institutions do have backup! One place where I worked ( contract) had two complete data centres, situated miles apart collecting identical info. Otherwise something like fire would put a billion dollar business in to bankruptsy.



goldengal	Apr 24 2013, 04:49 AM Post #21
Mistress, House of Dogs Posts: 11,674 Group: Member Member #715 Joined: March 31, 2010	wildie Apr 23 2013, 02:29 PM You correct that financial institutions do have backup! One place where I worked ( contract) had two complete data centres, situated miles apart collecting identical info. Otherwise something like fire would put a billion dollar business in to bankruptsy. Thanks Wildie ..... That makes me feel a lot better. Take care, Pat



Darcie	Apr 24 2013, 04:56 AM Post #22
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	I love that I can travel anywhere and still pay my bills and send or receive money into my account. Makes life a lot simpler.



Dialtone	Apr 24 2013, 05:05 AM Post #23
Gold Star Member Posts: 7,190 Group: Member Member #721 Joined: April 1, 2010	Darcie Apr 24 2013, 04:56 AM I love that I can travel anywhere and still pay my bills and send or receive money into my account. Makes life a lot simpler. I agree 100%. The only time I go to a bank is to use the cash machine, other than that everything is done online. Never had a problem, and if you follow the banks security precautions, any loss by fraud or a hacker is covered. (I've never had any, and I've been banking online for over 10 years )



Deleted User	May 29 2013, 07:19 AM Post #24
Deleted User	Once in a long while, keeping papers pays off. When George wanted to apply to have his time in the military counted towards his Gov't of Canada Superannuation, they wanted docmnted evidence back to the year dot. We did still have Income Tax records. I am now reaping the benefit of that. nainai
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