The Green Impact of Online Banking
Online banking is a convenient and fast way to manage your money, but it also has a green impact.
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Statements
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Bank statements are invaluable for keeping track of your money. Online banking provides you with all of your banking history immediately, and you also get a statement without the waste of printing one and mailing it, which saves trees and gas.
Online Bill Paying
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Most banks that offer online services also have a system to automate your bill paying online. You can set it up so money is transferred electronically to cover your electric, gas, and phone bills to save paper and gas.
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Direct Deposit
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Direct deposit allows employers to deposit your paycheck electronically, so you have access to the money quicker and without using paper.
Branches
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If more people bank online, fewer physical branches are necessary. This cuts down on paper waste and carbon emissions overall.
Overall Supply Chain
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Online banking can do more than just stop you from getting excess mail. If everyone banked and paid bills online, it would also reduce emissions and water use by cutting down on garbage and recycling services, reducing electricity use and pollutants created by printing.
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