Paperless Employee Tracking

Isn't it nice when doing good also works out well for you? Such is the case with online banking. When you take your bank accounts paperless, you help the environment while decreasing clutter, saving time, and possibly preventing identity theft.

When you opt to receive your monthly bank statements via email, as well as paying bills online, you save the trees that would have been cut down to make your statement, the envelope, your billing statements and those envelopes, plus the checks and return envelopes you use when you mail a payment back. Additionally, you spare the landfills where so much of that waste would end up, and transporting your information electronically doesn't belch gas fumes into the atmosphere the way mail trucks do.

Yet many folks have not yet made the transition to electronic banking. They worry about the security of the Internet or paperless direct debit transactions. It's rather ironic that so many feel that way, when it's actually much simpler and more common for identity thieves to target mailboxes and trash bins. Grabbing paper documents out of there is certainly easier than breaching the high level of security around banking websites. Identity fraud perpetrated through online hacking accounts for only 11% of all fraud cases.

Also, choosing paperless banking spares you the clutter of years of old bills and bank statements. Storing them online spares your space while usually providing better organization. When you want all your financial records in one place, it's still much neater to save an electronic database of statements, storing an extra copy on an external hard-drive or CD. That way you're not dependent upon the Internet or your CPU's hard-drive for all your valuable documents. A couple of CD's take up a lot less space than a filing cabinet! (That's why they're called compact disks!). There are plenty of user-friendly financial software programs that enable you to keep track of every deposit, direct debit, or bill paid. And they never make mistakes in subtraction!

If you're not doing so yet, you should consider switching over to online banking. Then while you're feeling so noble about all you're doing for the environment, you can be reaping personal rewards of security and organization at the same time.