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#78817 - 05/08/03 12:23 PM e-Statement cost savings?
Richard Insley Online
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Richard Insley
Joined: Oct 2000
Posts: 10,179
Toano, VA
Now that a good number of banks have implemented or considered e-delivery of periodic statements for deposit and credit accounts, preliminary estimates of cost savings should be available. At this early stage, numbers may vary widely, but it would be very useful to begin measuring the potential savings banks can realize, per statement switched from paper to electrons.

What is the base cost of generating a monthly account statement on paper and sending it via U.S. Mail? What is your estimate of the cost of generating and delivering that same statement electronically? What is the start-up cost for e-delivery? Other than the recurring monthly savings of delivery costs, are there other costs or benefits that accrue after switch-over?
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eBanking / Technology
#78818 - 05/09/03 07:18 PM Re: e-Statement cost savings?
etm614 Offline
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etm614
Joined: Jan 2003
Posts: 695
Massachusetts
We are just beginning to pull together the numbers now, as well as defining the longer-term benefits of e-statements. Will let you know the results of our analysis when we're done. Perhaps the experience of others will help us make the right decision.

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