Bank of Valletta will be switching BOV Internet Banking subscribers to the electronic statements (e-statements) service, from Tuesday, the 30th of June, in its drive to reduce the use of paper and the negative impact on the environment.
Internet Banking customers will be able to view and access all statements related to their current, savings, fixed term deposit, loan and credit card accounts, as well as their statement of fees, online at any time of the day from the comfort of their home or office.
The Bank said that it will discontinue sending paper statements by mail to Internet Banking subscribers.
“The Bank on a yearly basis generates over 1.3 million statements in paper form, amounting to circa 2.5 million sheets of paper and 1.3 million envelopes. This goes against our ethos to be a greener and more eco-friendly bank,” stated Ernest Agius, Chief Operations Officer. “Over the past year we managed to reduce around 50,000 kg of CO2 emissions through other eco-friendly initiatives.”
Through their BOV Internet Banking customers are able to access, view, retrieve and download all their statements (via ‘view statement images’).
When a paper statement is absolutely necessary, customers can either print it themselves or order an official statement through internet banking.
The Bank said that customers who are not yet subscribed to the BOV Internet Banking but want to make a statement by going paperless can send an email to info@bov.com [1] or call on 2275 3500 or 2131 2020 for further details.