£5 Free for HSBC customer who switch to paperless statements

already posted

http://www.hotukdeals.com/item/17869...g-hsbc-custom/

Not even slightly warm, it's a con: the bank will save a hell of a lot more than that by not sending you paper statements, they're just looking to cash in on people trying to be green.

thats fine but seeing as your getting free money its a good deal for you! and it saves lots of trees!! hmm i fail to see how that is cold!!!

lame hsbc... been paperless with them from the beginning and they never gave me anything! incentives for those jumpng the bandwagon!

I don't think you get a cheque book anymore either if you sign up to this.

Yeah, no cheque book would be a downer for me - I still use cheques occasionally.

I dont even read the statements anyway, they go straight in the shredder as i keep track online, so its £5 for free for me.

thanks for that....... cant believe i didnt notice this offer everytime i have logged on line just shows the relevance of this site

Thanks, have just gone green, although I've lost the choice to be able to use cheques - oh well.

Because it's not free money, it's giving away a pittance to save the bank a fortune and it leaves you without a vital part of your financial records.

It is highly recommended that you keep hard copies of bank statements for as long as possible, try getting a loan, mortgage, etc. without at least six months worth. The taxman can ask for up to six years worth! So that begs the questions: How long do the bank keep records for? How long are they available online? How much will it cost you to retrieve older statements? A hell of a lot more than a fiver I'll bet.

No problem with using a printer if you are desperate for them. I got my mortgage and remortgaged with no detail of my bank accounts whatsoever. I know it advised to keep 4/5 years worth of bank accounts and thats fine. You are right it is only £5 and i know it will save them bucket loads of money

Its a good deal if this is a bank account you dont use! I guess it can be used with the quidco if you open an account andyou get £20 and then swap to paperless - £25.

funny how they send a letter to you to say you can't change to a green account from a graduate account...

seen on TV too ....

how easy is it to revert back to the paper statements in case you need to ?

one thing worth noting this also stops you getting cheque books and paying in books - I occasionally need the odd cheque so gave this a miss . . .