You are here: Home - Saving & Banking - News -

Bank statements better on paper

0
Written by:
13/11/2007

Nine out of 10 people (88%) prefer to receive their bank statements through the post, research from Royal Mail has shown.

A further 7 out of 10 consumers feel that when it comes to delivering important or confidential information, the post is more secure than email.

It appears that, as levels of identity theft rise and people are more concerned about the widespread availability of personal information, the post remains a trusted means of transferring information.

Two-thirds (67%) of respondents said that it is easier to understand their bank statements on paper than it is to view them online.

Commenting on the results of the survey, Abi Wood head of financial marketing at Royal Mail, said: “It is clear that traditional communication methods are still incredibly important to individuals of all age groups. Banks should continue to investigate the different and complementary roles that the different channels play for the modern consumer.

“Posted statements remain important to people for their accessibility and security. They can be filed and retained for future reference, and are of course not reliant on access to an Internet connection.”

 

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Credit cards used daily for 1 in 10

A significant 3m people – 1 in 10 – use their credit cards daily, according to new research from Abbey...

Close