Quote:
Originally Posted by Stingo
With the advent and apparent proliferation of the internet in our lives I opted to embrace 'Internet Banking' and have been enjoying this aspect of control over my finances for some time now. On the strength of having this wonderful facility I opted to go paperless, i.e. stop receiving bank statements. This has been the situation now for at least the last five years.
It would appear that there has now been a change in the legislation in what information banks are obliged to keep you informed about. I now receive a letter (hard copy) kindly informing me that there is a new statement available for me to view on line.
You can't make this stuff up.
And breathe.
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The Banks don't make the data laws, they just have to comply.
I can understand banks and other authorities sending letters to an address as part of their security, HMRC will send a text message to your registered mobile number with a unique code ( valid for 10 minutes ) when you log on and need to access your account and others should do it as well. It is just good practice to use multiple lines of communication.