Sometimes it takes green to go green. Last week, Citizen’s Financial of Providence, RI launched a new incentive program to push customers away from checks and cash in favor of electronic payments. The “Green$ense” program by the Royal Bank of Scotland subsidiary promises to reimburse customers up to $120 a year through rebates on electronic transactions – 10 cents for every e-payment, up to $10 a month, for debit card, online and recurring billpay use.
The idea is that customers will be automatically enrolled in both online banking and paperless statements, plus receive a program MasterCard debit card made from recycled plastic. The average family, by going paperless, can save seven pounds of paper, 63 gallons of water and 24 square feet of forest a year, according to Citizens.