How can you change your banking habits so that they are easier on the environment?

If you are worried about the impact that your banking practices are having on the environment, there are many ways to improve the way that you manage your money.

Many banks are offering options which are kinder to the environment so that you can make your banking greener. These financial institutions are building more efficient branches, making their operational procedures more energy efficient, and screening their lending in environmentally sensitive industries. Some banks are even supporting eco-friendly groups and raising money for local environmental charities.

These eco-banks are also offering green ways for you to manage your money, such as:

Online Banking

Switching to online banking can be one of the best moves that you make to reduce the environmental impact of your banking. Think of how many bank statements, receipts, and other paper waste which is created by banking the old-fashioned way.

By using online banking and setting your options to view your bank statements online or by email, you can reduce your carbon footprint and save a few trees.

Green Mortgages

Some banks will offer the option of a Green Mortgage, which will allow home buyers to add an additional 15% of the price of the house onto the loan for eco-friendly upgrades such as solar panels, energy efficient windows, and more. It might seem like a more expensive option, but once these energy-saving add-ons start working they will save you enough money in your utility bills over time to make the higher cost worth it.

Green Credit Cards

This type of credit card works by allowing cardholders to earn reward points, and then redeem them in the form on contributions to their favourite ecological charity. This means that every time you spend money, you could also be giving back to a charity which protects the environment. If all credit card users started to use these types of green credit cards, imagine how much could be raised for eco-charities over the year!

These are just a few of the eco-friendly options that banks are offering to their customers. They might not seem like they would make a huge difference individually, but if every banking customer switched over there would be significant impact.

If you are interested in making your banking experience greener, talk to your bank about what they have to offer.

If you find that your particular banking institution doesn’t hold the environment as a priority or offer any green banking initiatives, perhaps it’s time to switch bank account to one who cares for our beautiful planet.

Same things goes with coffee: recycling the beans used to make espresso and other hot drinks to gardeners for their allotments. Natural fertilizers as compost can only be a good thing for the earth and our planet.