Qualified advisers answering your
Financial Questions
call 0800 092 1245

Brits hang onto old bills

Most people store financial documents for at least two years with only a fifth of people throwing their bills away within a year, according to HSBC's Green Survey.Coinciding with the launch of HSBC's green banking options, the poll has revealed that although 85 per cent of people would like to reduce the amount of paper they have at home, 82 per cent of people hang onto bills for utilities, credit cards and council tax. Some 80 per cent of people also keep hold of financial communications such as bank statements.While only 21 per cent of Brits discard their bills within a year, 42 per cent of people keep them for one to two years. Some 33 per cent of people hang on to bills for at least three years. Communications and items sent from the bank, such as statements and paying-in books, are also kept by 49 per cent of people for more than three years after their receipt.People held onto bills and bank paperwork in case they were needed for future reference. Mike Oliver, head of current accounts at HSBC, said: "It's clear from our research that as a nation we are keen to 'go green', but we’re finding it hard to detach ourselves from paper. We only occasionally re-use or refer back to the paperwork we keep, yet we just can't bring ourselves to get rid of it on a regular basis."At HSBC from July 2nd, we are launching a range of green options to give customers the opportunity to go largely paper-free with their current account. If they want to do their bit for the environment, they can say goodbye to monthly paper statements, cheque books, paying-in books, letters and paper marketing material."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details