Banks are much more efficient and able to serve their clients better thanks to online banking. Not only do the banks now avoid sending out paper statements that waste time, money, and materials, but they also allow the banks to receive up to the second information from their clients through automated systems that do not require people to constantly monitor.
Yes. Online banking significantly reduces paper waste and pollution. By completing bank transactions online, people no longer have to fill up various paper forms in the bank. “16.5 million trees, roughly 2.3 million tons of wood, could be spared annually in the unlikely event that all U.S. households made the switch to paperless payments. Such a move would also reduce fuel consumption by 26 million BTUs, enough energy to provide residential power to a city the size of San Francisco for a year.”
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