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The bank will provide you with a periodic account statement that includes all activity and transactions for the statement period. This includes transactions made with your AAA Banking debit card, authorized transfers, and other account information. The statement will also summarize your linked account balances and itemize transactions by date, with information about checks and other notices.
Consent to Receive Electronic Statements
By opening an account with AAA Banking, you agree to receive all required notices, disclosures, statements, and agreements electronically (“Electronic Statements”), instead of through the mail. These electronic communications include, but are not limited to:
- Legal and regulatory disclosures, agreements, and communications related to your deposit account(s) and services;
- Tax information for Forms 1099 and 5498;
- Privacy policies and notices.
Your consent also authorizes the use of electronic records and signatures in our relationship and transactions with you.
Hardware & Software Requirements
To receive and retain Electronic Statements, you must have:
- A computer, smartphone, or tablet with internet access;
- A web browser that supports secure encryption;
- Software capable of opening and viewing PDF files (e.g., Adobe Reader);
- A valid email address on file with the bank.
By agreeing to these terms, you confirm that you have the necessary hardware and software to access, view, and retain Electronic Statements.
Opting for Paper Statements
Electronic Statements are provided at no cost. However, if you prefer to receive paper copies of your statements, you may request them for a fee. This fee is outlined in the Fee Schedule that applies to your account. You can opt out of Electronic Statements at any time via online banking in ‘Settings’ or by calling Customer Service, and paper statements will be mailed to the postal address on file. Please note, paper statements are subject to a Paper Statement Processing Fee.
Electronic Statement Availability
Your Electronic Statements will appear in online and mobile banking in the “Documents” tab as soon as they are generated and become available.
Notification of Changes
In the event that there are any changes to our electronic delivery methods or fees associated with paper statements, you will be notified through your Electronic Statement.
Right to Withdraw Consent
You have the right to withdraw your consent to receive Electronic Statements at any time, without penalty. To withdraw consent, you must update your preferences through online banking. Upon withdrawal, you will be switched to paper statements, and any applicable fees will be charged according to the Fee Schedule that applies to your account, provided with this Agreement. Please note that it may take up to one billing cycle for paper statements to take effect.
Privacy and Security
We are committed to protecting your privacy and security. Your Electronic Statements will be delivered securely and stored in compliance with applicable laws and regulations. We recommend using secure devices and networks when accessing your Electronic Statements.
Address and Contact Information
It is important to keep your contact information updated with the bank to ensure successful delivery of notifications and Electronic Statements. If your electronic communications are undeliverable (e.g., due to an incorrect email address), we may hold future mail until updated information is provided.
Acknowledgment
By agreeing to these terms, you acknowledge that you have the necessary hardware and software to access, read, and retain Electronic Statements. If you no longer have the capability to access Electronic Statements, you may opt for paper copies, subject to applicable fees. You also agree that your electronic consent or use of Electronic Statements has the same legal effect as a physical signature.