You are here: Home - Uncategorized -

Paper-free HSBC sees the good for the trees

Written by:

High street bank HSBC, a big provider of UK current accounts, has reached a major milestone in its campaign to cut down on wasting paper, with over a million mortgage customers and current and savings account holders turning away from paper statements.

By doing this, customers are helping to plant 20,000 trees in the UK as part of the HSBC Virtual Forest programme – a £100,000 sponsorship scheme of Trees for Cities, an independent charity.

Customers who have opted for HSBC’s Internet banking UK service – called Personal Internet Banking – can choose to stop receiving a variety of paper statements and the one million that have already done so are saving more than 13 million pieces of paper and seven million envelopes in a single year.

During the coming year, each time an account switches off paper, HSBC will “plant” one tree in an online Virtual Forest. For every 20 virtual trees planted in the Virtual Forest the bank will plant one real tree with Trees for Cities in locations in London, Leeds, Manchester, Bristol and the Midlands.

Joe Garner, general manager of personal financial services at HSBC, said: “We have been offering customers the opportunity to turn off their paper statements for three years. We are delighted with the response so far and to have passed the milestone of one million accounts.

“This year we are hoping to do even more.”


Related Posts


Tag Box




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... 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:
Child Trust Funds top £200m mark

According to figures released by the Building Societies Association (BSA), 42,000 Child Trust Funds (CTFs) were opened in the last...