Trend toward electronic account statements noted by RBC
TORONTO, Nov. 21 /CNW/ - Environmentally friendly eStatements reached the
two million mark and the move to electronic statements is becoming a growing
trend among RBC's 4.2 million online banking clients.
"Two million fewer account statements every month adds up to significant
environmental and economic savings," said Dave McKay, executive
vice-president, Personal Financial Services. "Clients who opt for eStatements
rather than paper can securely view, save, and print their bank statements,
from any computer with internet access. Additionally, eStatements are
maintained for client access within a virtual filing cabinet for seven years."
The eStatement program has effectively conserved or avoided the use of
approximately 10,500 trees, 36 million litres of water, 4.6 million kilowatts
of electricity, 1,246 tonnes of greenhouse gases and 499 tonnes of solid waste
per year. This is equivalent to 14 swimming pools full of water, taking 203
homes off the grid, 249 cars off the road, and eliminating the need for 39
RBC's online statement offerings have continued to expand since the first
eStatement became available to personal banking clients in July of 2006, and
are helping to conserve Canada's great natural spaces. Through its "Make a
Statement with your Statement" campaign, RBC aims to raise $1 million for
Nature Conservancy of Canada's (NCC) wilderness protection and stewardship
programs by contributing five dollars on behalf of clients who choose
electronic statements for RBC Homeline Plan, Royal Credit Line, RBC Visa cards
or personal banking accounts. It is nearing its goal at over 80 per cent.
Progress reports are available at
"The willingness of our clients to embrace the change from paper to
electronic record-keeping demonstrates a shared commitment to reduce our
impact on the environment and conserve natural resources for future
generations," added McKay. "And this encourages us to continue developing
retail banking products and services that meet our clients' demand for
environmentally sustainable choices."
For more information on RBC's commitment to the environment, visit
For further information:
For further information: Media contact: Judi Levita, (416) 974-8810