Westpac launches eStatements

Business, Main Stories

The National, Thursday, May 12, 2011

WESTPAC Bank will launch its eStatements, the paperless way of receiving banks statements next week as an effort to save tress and to reduce the production of tonnes of greenhouse gas emissions.
This follows its recent release in Fiji, Cook Islands and Solomon Islands.
 “eStatements are not only good for the environment; they’re also a quick and easy way to access your banking records,” Westpac PNG general manager Ashleigh Matheson said.
“We think launching eStatements is great way for Westpac to demonstrate our commitment to reducing carbon emissions and invite our customers who share our passion to sign up.”
Since Westpac introduced eStatements in Australia in June 2005, almost 340 tonnes of paper have been saved by offering customers access to their statements electronically. Overall, the Westpac Group has reduced its own carbon emissions by almost 40% since 1996 – equivalent to taking 18,888 cars off the road for a year.
In the US, it’s estimated that  by switching from paper to electronic billing, statements and payments, the average American household would avoid producing more than 77kg of greenhouse gas emissions: the equivalent of preserving 2.2 square metres of forestland.
They would also avoid releasing 238l of wastewater used in the production of paper into the environment.
There are also significant fuel savings from transportation processes.
“By converting to eStatements, our customers will be making a valuable contribution to the health of our environment,” Matheson said.
Another compelling reason to change over is the convenience of having statements at your fingertips.
Customers who choose eStatements will be able to access up to seven years of statements for free simply by accessing their online account and downloading them to their computer.
“It’s a more efficient way record keeping, which is particularly useful at tax time. Customers simply need a PC and internet connection to access their eStatements,” Matheson said.
For more information about signing up for eStatements, visit your local Westpac branch or pacific.westpac.com.au.