SAN FRANCISCO – A new Green Banking report by Javelin Strategy & Research finds that despite financial institution's green efforts including an electronic statements push, three out of four consumers are still clinging to paper statements.
The report finds that the reason green banking habits have yet to take hold is because consumers are not aware of how they can make a difference and financial institutions have yet to find incentives that compel customers to participate.
According to Javelin, if every U.S. household stopped receiving paper bills and statements, 687,000 tons of paper would be saved every year–enough to circle the Earth 239 times.
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