NatWest & RBS are the first bank to end monthly paper bank statements for all current account customers.
Instead of getting monthly statements, customers will instead receive paper statements every 3 months. Neither bank are informing their customers of the change.
This move will make it harder for customers to keep a check on finances, or to spot fraud or error on current accounts, or charging blunders on direct debits.
If customers want a one-off statement via the post, the bank will charge £5 a time.
A spokeman for NatWest said that the change is not compulsory and they will continue to send monthly paper statements to customers who ask them to - even though they are not advertising the opt-out service.
To cancel the switch to quarterly statements, phone 0845 528 1326 for NatWest, or 0845 528 1325 for RBS. Or call in to your branch.
Going to my school was an education in itself. Which is not to be confused with actually getting an education (Schultz)