Your Green Life: "Paperless Banking"

By KBJR News 1

August 4, 2010 Updated Aug 4, 2010 at 3:16 PM CDT

Posted by Meteorologist Jeff Edmondson

Paper Checks and Bank statements are a great way to keep track of your finances. But this method is harmful to the environment, in this week's "Your Green Life" Meteorologist Jeff Edmondson takes a look at a bank introducing paperless banking.

Electronic checking is a method of personal banking that's growing in popularity. This way of banking can save trees and help protect the environment, but what exactly is electronic banking?

"Eco Plus checking is simple electronic checking. You give up the old paper register and move to using a debit card", said Robin Ongaro.

The new electronic checking programs, like the "Eco plus" checking option at Members Cooperative Credit Union make it easier and more convenient to keep an eye on your finances.

"You can access your account 24/7. That's the beauty of it", said Robin.

Eco Plus checking is also not about just reducing the amount of paper that is used, but it is also about rewarding each transaction made.
For each 20 dollar signature based transaction you make; you will earn 10 cents and up to 300 dollars a year.
So as they state it: "It pays to go Green"
Bank representatives say the response to the program has been positive.

"Its been quite successful, we've had more than 100 people walk in with people seeing the billboard and seeing it in the paper and asking about it and make that switch," said Robin.

And in case you still want to send a check to a loved one.

"And you still do get paper checks, you get four free checks to use every month," says Robin.

According to the bank, the members who have switched to Eco Plus checking have helped save over 1000 pounds of paper and over 20 thousand square feet of forest.
In Duluth, For Your Green Life I'm Meteorologist Jeff Edmondson. The Northlands Newscenter.