If you do internet banking can you do away with statements??

[tiredemma]

thinking about doing internet banking, have statements etc filling kitchen drawers and generally making a mess!! If i do internet banking, can i do away with statements? I hate the idea of throwing statements, bank stuff away for fear of someone somewhere getting hold of my details. Plus would help me keep control of finances if i can log on at all times to see how poor i really am!

yes you just opt for paperless option

We do online banking with the Halifax and get paperless statements

really, its that easy?

with first direct and i do paperless

Yep, HSBC do it too. Love not getting the paper statements!

i have paperless statements, so can i throw away old ones that they've sent?

shread them.

just regitered for internet banking, whoopee, extra bonus- dp cant see when ive gone overboard in topshop!!

I think you really need to print them off and keep them - you are supposed to keep financial records for 5 years for tax purposes (???) and I'm not sure they are accessible online for that long. (Well mine only has the last year but it's A&L and not strictly paperless so may be different.)

Get a couple of lever-arch files or box files and stick them in there as back-up.

can i do away with credit card statements then from the same bank?

i dont keep ne of my sttements, jsut rip them up and bin them, I have internet banking, but tsb don't seem to do a paperless option tht I've seen. Wish they would, as it is a waste of paper.

I've been with First Direct for years and all I do is download my statements several times a year onto my PC. WHen I needed paper statements for mortgage, I just ordered on-line.

On-line banking is great!!! And First Direct are brill!!

kelly, its tsb im with an they do the paperless option!

where is it??

on the lloystsb website, left hand side of site says 'Paperless statements'

I do internet banking (as it makes life so easy - who has time to go into banks all the time etc?)but I also like having paper bank statements, I do file these away with other bills etc. I shred anything that I am going to put in the bin - just in case! (However, I am an accountant - so I can't let go of the 'baggage' IYSWIM)

oi Emma, are you Bonnie and Clyde then or wot?

I get statements online, but only for up to 6 months. I keep paper ones in a lockable filing cabinet for 2 years, then shred em and compost them.

Nope! Dp is going as RAMBO (!) and im still toying with various ideas, ie- dorothy from WOZ, princess laya from star wars, lots of others but cant decide!!

cant find it

Rambo?
RAMBO?

sorry kelly, go into 'internet banking' then down side it says 'online statements'

but you have to go from home page of lloydstsb.com

yep rambo! (midlife crisis i think)

According to dh Janh is right - you need to keep a paper copy of bank statements for 6 years for tax purposes. Along with 6 years worth of payslips, P60s, P45s and all of the other assorted gubbins that goes with it.

I want to see the pics on 'member profiles'