I have a bank that didn’t get my last change of address notification. When the mail was returned to them, they found my address and sent it to me along with a note telling me to change my address with them.
The odd thing was along with my statement were 5 other statements from people I don’t know. I called them and confirmed the address change and mentioned the other statements. They said they would take care of it.
The other day I got my next statement--and the statements from 5 different people I’ve never heard of. I don’t mind getting other people’s statements. However, I’m very concerned that some of my statements may be sent to total strangers.
This is one advantage of online statements. They are less likely to get put in the wrong envelope. Of course there is the risk that they will do something wrong and everyone’s information will be exposed, but that is a risk either way.
If you are concerned about identity theft, you might consider moving away from paper statements as much as possible in order to decrease the amount of data about you that is running back and forth in the mail.
Have any readers had experiences like this with their bank?
Good management of your finances can have one of the biggest impacts on your productivity because it determines how efficient you convert your time into money into the things you need. On Wednesdays we are discussing the financial aspect of productivity. Watch for more Wednesday financial posts in the future.