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Statements - do I still need to keep them?
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Yep that's true. And the insurance did say to me they'd accept other proof, so I emailed them the confirmation of my order and also a copy of my statement to show I'd paid o2 the £150 deposit they wanted, so although it wasn't exactly what they wanted, it seemed to be ok as I got the new phone 3 working days later!superscaper wrote: »If you scan everything then you haven't actually lost anything anyway by binning the paper. You still have digital copies and to be honest digital filing is much more manageable and versatile that physical filing.
I don't have a scanner at the moment (didn't bring mine to uni with me) so I normally download the PDF statements (A&L and Capital One) or printscreen the information (Natwest CC) which works well. A note to anyone doing digital filing, make sure you backup your computer. I have to because of my uni work (computing too, so a lot of it is coding that would take forever to do again), anything can go wrong when you least expect it (i.e. laptop dropped through no fault of your own, and that *could* be the end of all the data on it - as happened to me, luckily I had the backup)0 -
RBS, & most likely Natwest too, allow you to order 3 months worth of bank statements for free in branch if you have paper-less statements.Anything that I do say, is strictly my opinion
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Great I didn't know that
I'm with Natwest and was forced to switch to paperless on my student account to get Railcard, but now it makes it harder when people want a statement (and phone contract doesn't even count half the time!:mad:)0 -
You know you can switch paper statements on again, right? Anything that I do say, is strictly my opinion
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Haha, yea but I need the railcard next year too (it's saved me like £200+ in 4 months!), and it says they look back at your account to check for the 3 debits a month and 1 credit or whatever it is they require - don't want to give them any excuse to not give me a railcard!You know you can switch paper statements on again, right?
Plus with moving and stuff I always need to cut down what I take, so they'll end up in the bin eventually, so it helps to get into the habit of digital filing - at least I know I can go into a branch and ask for a statement now though, that should help when I need ID! 0 -
Personally, I keep 7 years. Statute of limitation being 6, so limit+1 is my cushion. Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
Do something amazing. GIVE BLOOD.0 -
... (it's saved me like £200+ in 4 months!)...
That's good to hear
Just need to allow up to 2 weeks for the statements to arrive (usually) so give plenty of notice
(one thing people fail to realize is that we do not have an elf sitting in the background producing statements with addresses on them! - although it would be nice :rolleyes:)LeeSouthEast wrote: »Personally, I keep 7 years. Statute of limitation being 6, so limit+1 is my cushion.
What does one do with so many statements? :eek:Anything that I do say, is strictly my opinion
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Filing cabinet for hard copies, organised by year and organisation. After 7 years they get scanned and stored as searchable PDF's and the originals shredded .Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
Do something amazing. GIVE BLOOD.0 -
144 sheets a year? Come off it, I buy printer paper in 500 bundles and it fits in a small draw. If it really is a problem file them in the loft each year when you get the Christmas tree down!choc_mouse wrote: »I have 12 bank accounts and credit cards in total - so if I kept the monthly statements for all of them, my room would turn into one giant financial archive.
If people choose to retain documents electronically, don't use the hard drive of a personal PC or laptop. If the damn thing breaks you lose the lot!Shred them - no need for paper in this digital world.0 -
Haha, that's true! Thanks, I'll make sure I'll request one if there is any chance of me "maybe" needing an address in the next few months, then I can always use it (up to 3 months) later if it turns out I don't need it afterallThat's good to hear
Just need to allow up to 2 weeks for the statements to arrive (usually) so give plenty of notice
(one thing people fail to realize is that we do not have an elf sitting in the background producing statements with addresses on them! - although it would be nice :rolleyes:)
Yep, or make sure you backup properly. Until the day my laptop went flying and I thought I'd lost all my data I never really bothered with backups. Never want that feeling again! :rotfl:. You lose some data, but losing say a weeks worth isn't bad (and if you do something major in the week back it up manually) - losing 7 years worth isopinions4u wrote: »144 sheets a year? Come off it, I buy printer paper in 500 bundles and it fits in a small draw. If it really is a problem file them in the loft each year when you get the Christmas tree down!
If people choose to retain documents electronically, don't use the hard drive of a personal PC or laptop. If the damn thing breaks you lose the lot! 0
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