The newly designed paper billing statements (for those of us avoiding the electronic route) are TERRIBLE.
Very unclear as to how the balance is computed; using 3 sheets of mostly blank space is environmentally wasteful and
consumer unfriendly. USAA should go back to the former, more efficient 1 sheet system.
CEO Wayne Peacock's email address could not be found on the fancy website...does anyone have?
@army boots1, Thank you for your Member Community post. We appreciate your feedback regarding the paper billing statements. We take feedback seriously and I will certainly share your concern with the appropriate area. Tricia
@USAA - TOTALLY agree that the new and improved paper statements are awful. I need to call USAA about a few things this week and the new improved paper statements was on the list of topics. I manage my parents' mail for them and cannot believe that their investment statement has a page that is 95% blank and the most important information is missing from the front page. The billing statements for insurance are also AWFUL. The old statements actually presented the information in a much better, much more concise manner. Also, there is a lot of WHITE showing on the billing statement and some of the most important information such as it will be automatically deducted is hard to find. USAA these new statements are a massive fail. Also the letter that was sent out about moving to paperless statements was far too generic. Four members of our household read it (including a member who has a Masters in English) and I now have to call and find out what statements of our family have been potentially converted to paperless statements, something we do NOT want at all. I suspect that this may be a half day adventure.
I agree on the new statements being awful. In addition the new website is horrible as well. USAA claims they made the changes based on cusomer requests, really? Who in their right mind told USAA "Please make my bill paper statments more confusing and full of space so it is over more pages" or "The website is too easy to work with, please make the fonts huge and make the pages useless so I can waste more time on the site" or "The ability to download the past year of transactions in excel format was dumb, remove that so I have to work a lot harder to do taxes" or "I wish I could not set category rules and just have USAA name my transactions with totally incorrect names just to make my life harder"?
I have been a USAA member ince the 1980's and I can say that their service has been in a decline now for a decade. THey seem to now be business profit focused and only listen to idiots for ideas now. *sigh*
My wife and I agree with the new bill...being misleading.
The existing bold "Due..." line is misleading as it is only the minimum payment. Since we pay in full each time, we think it would be better to lead with a "Full Balance..." line, then a second line, also bold, if necessary, "Minimum Due...", complete with the appropriate amounts on each line.
There is also some inconsistency in what to call the "full balance"...one column cites "Balance (in USD)" another place calls it "Statement Balance" , and a third place "Full Amount Due", a fourth, "Balance".
@MikeL2013, I'm sorry to hear of your disappointment with the new statement style. We're always looking for ways to improve. I appreciate your feedback, and I'll ensure it reaches the appropriate team for consideration. Thank you! ~Holland