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I'm in two minds on this - the bank does need to know that its communications are being received But, they have no idea if the paper statements are making it t
by awesome_dude 9mo ago
I'm in two minds on this - the bank does need to know that its communications are being received
But, they have no idea if the paper statements are making it to your desk, or if they are getting swiped from the letterbox (I'm in an apartment in Melbourne, and the snail mail is not reliable at all, mail is sometimes delivered to the wrong building, sometimes the wrong address entirely, it's also swiped by miscreants who have nothing better to do, and, in some cases, the pricks set the letter boxes on fire, taking all the mail with it)
- ryandrake 9mo agoIf the bank really needed to know that its communications are being received, they would send them in a way that would reliably return this information (signature-confirmed postal mail). It's very unlikely that the bank actually needs to know this information.
- awesome_dude 9mo agoI appreciate that that has a stronger guarantee of delivery, it is also prohibitive from a costs point of view, which I, as the customer, will be paying either through fees or reduced interest for deposits or higher interests for borrowings.