Halifax paper free statements letter

GTR_King

mr_stripey said:

GTR_King said:

Agreed if banks charge for example £3-5 a month for proper quality statements that would be better 

that way more people will chose online instead 

how do you mean by proper quality statements? They all say the same thing, just on paper rather than online

The biggest advantage of online (for me) is I check mine daily. Waiting a month for it to drop through the door is too long. 

I mean most statements are printed on cheap paper & ink to save on cost! 

In the late 90s/early 2000s the statements they were printed on glossy paper with fine ink (fine printing settings) 

some people will still need paper statements, so the banks will still have to have some printing facilities 

the good thing about online is it take 24/48 hours to arrive online instead of post that takes 7-8 days 

GeoffTF

mta999 said:

Paper statements are good if you are old because when the time comes and your executor needs to apply for probate they will need to know if you have given any gifts in the last seven years

So either the executors apply for the bank statements when they need them or you just get them and save them up for your executor

Electronic statements will do equally well. Your executor needs the have access to them though. Encrypting them is not a good idea.

Barkin

GTR_King said:

mr_stripey said:

GTR_King said:

Agreed if banks charge for example £3-5 a month for proper quality statements that would be better 

that way more people will chose online instead 

how do you mean by proper quality statements? They all say the same thing, just on paper rather than online

The biggest advantage of online (for me) is I check mine daily. Waiting a month for it to drop through the door is too long. 

the good thing about online is it take 24/48 hours to arrive online instead of post that takes 7-8 days 

24/48 hours?

My online statements are available instantly, with transactions added pretty much in real time.

GTR_King

My monthly statements are available online 1-2 days after they are produced 

but do you think banks will go completely paperless? 

Eco_Miser

Barkin said:

GTR_King said:

mr_stripey said:

GTR_King said:

Agreed if banks charge for example £3-5 a month for proper quality statements that would be better 

that way more people will chose online instead 

how do you mean by proper quality statements? They all say the same thing, just on paper rather than online

The biggest advantage of online (for me) is I check mine daily. Waiting a month for it to drop through the door is too long. 

the good thing about online is it take 24/48 hours to arrive online instead of post that takes 7-8 days 

24/48 hours?

My online statements are available instantly, with transactions added pretty much in real time.

Are they actual statements, or just a list of transactions and balances?

I can see my transactions in real time, but monthly or annually the banks put a pdf replicating a paper statement (Bank logo, addresses, all that blurb on the back) in 'My documents', and send me an email to say so. 

mr_stripey

I check all my transactions daily (I use YNAB) which pretty much negates the need for a montly statement, whether it be on paper, online or any other method

Ergates

GTR_King said:

mr_stripey said:

GTR_King said:

Agreed if banks charge for example £3-5 a month for proper quality statements that would be better 

that way more people will chose online instead 

how do you mean by proper quality statements? They all say the same thing, just on paper rather than online

The biggest advantage of online (for me) is I check mine daily. Waiting a month for it to drop through the door is too long. 

some people will still need paper statements, so the banks will still have to have some printing facilities 

 

Banks don't have their own printing facilities, it's outsourced to printing companies.

GTR_King

I knew that what I meant was bank would still have to use a company to outsource it’s printing but would be allot smaller if most people use online statements