Lloyds bank

[devonwoody]

I got an information sheet from Lloyds today and it said;_

We recommend that you stop receiving your bank statements by post and check your accounts online.

So criminals cant intercept your post.

In my opinion an ill advised statement.

If there are any comments I will forward your replies to Lloyds.

haven't they heard of hackers, burglars (who steal your PC and then hack etc.) and employees of their company that might be bent. etc.etc.

 

[lurker]

Bank employees might be bent :shock:
Surely not!!

I was always lead to believe people working for banks were all upright citizens toiling away for the benefit of their customers.

 

[Oryxdesign]

I think that they are trying to tell you; if you want to keep your money safe, don't give it to a bank.

Perhaps they meant: In order to save us money and reduce the impact on the environment would you like us to stop issuing you paper statements?

 

[dunbarhamlin]

haven't they heard of hackers, burglars (who steal your PC and then hack etc.) and employees of their company that might be bent. etc.etc.

Having had post intercepted in the past, and having had to wait for my next statement to find out something was amiss, I must disagree.

Using online banking, most transactions are visible immediately or within a day or two, so fraudulent transactions can be spotted and reported far more quickly.

To counter your concerns:

Hackers. More likely to target the bank itself, which has your data in digital format anyway - so this is only an argument for proper firewall and virus/trojan protection and sensible regard for spam emails to counter malware and phishing.

Burglars. Should a blackgaurd gain physical access to your PC, they also presumably have access to your paper statements, other forms of ID, chequebook, valuables etc. And, of course, you pick a set of passwords which you can remember - DON'T write them down, so PC access doesn't give them access to your accounts anyway.

Corrupt employees. Yep, expect it can happen. But again, they have access whether you use online banking or not. Of greater concern should be those in low paid positions who have access to your card details (garage attendants, mail order workers, etc) as they have the greater incentive to so subsidise their income.


Whether you use online banking or not has little bearing on your accounts' security.

Cheers
Steve

 

[lurker]

I think that they are trying to tell you; if you want to keep your money safe, don't give it to a bank.

Perhaps they meant: In order to save us money and reduce the impact on the environment would you like us to stop issuing you paper statements?

I think they are trying to say we can't be arsed to provide you with a decent service.

 

[devonwoody]

I'm saying it again and again, I am not doing any banking on the internet.

Lloyds sod off.

 

[BradNaylor]

I suspect that paper statements won't even exist in a few years time. It looks like this may be an early move towards their abolition.

Personally, I do all my banking online and find it far simpler.

I still prefer cash, though!

Cheers
Dan

 

[woodbloke]

I suspect that paper statements won't even exist in a few years time. It looks like this may be an early move towards their abolition.

Personally, I do all my banking online and find it far simpler.

I still prefer cash, though!

Cheers
Dan

Dan - will cash exist in a few years time?...cheque books are on the way out already. Personally I think there'll always be a place for the folding wedge - Rob

 

[Lord Nibbo]

So criminals cant intercept your post.


If there are any comments I will forward your replies to Lloyds.

It should have read.....

"going online will save Lloyds £250,000,000 per year in postage, plus £1,000,000,000 in advertising or printed brochures (read unwanted junk mail) and £500,000,000 in employment that can be better used (read sacked) the resulting savings of £1,750,000,000 will then be used to replenish our directors lost bonuses

So screw you the customer, any complaints will be forwarded to the Recycle bin.

Yours sincerely and caring Lloyds.

:lol:

 

[wizer]

True, but internet banking saves me vast amounts of time and money. It also saves the house getting cluttered with statements i'll never need.

I have been internet banking since the late 90's and never been 'hacked'.

 

[Jake]

Quite.


We'll be bemoaning the demise of the horse and cart next.

 

[Smudger]

They are also pre-filed!

Horse and cart? Some people are complaining that you don't get pyramids like you used to.

 

[devonwoody]

And when there is an outrage like today and in the future might last weeks or your computer breaks down and no parts available and your local supplier for computers has disappeared and you have no bank branch for 150 miles dont blame me.

 

[BradNaylor]

I still prefer cash, though!

Cheers
Dan

Dan - will cash exist in a few years time?...cheque books are on the way out already. Personally I think there'll always be a place for the folding wedge - Rob

I agree about cheques. Direct transfers via internet banking are the way forward - the time taken for funds to appear in the recipient's account will be down from 2-3 days to 30 minutes soon.

I think that cash will always have a place though. Imagine having to use a card to buy a paper or a pint.

Much as the government might like to get rid of the 'black' economy, it will never be possible completely. If there was no official cash, then some other medium of exchange would become accepted.

And anyway, the 'black' economy apparantly amounts to 15% of the whole economy. Not that I'd know anything about that.

Cheers
Dan

 

[Smudger]

And when there is an outrage like today and in the future might last weeks or your computer breaks down and no parts available and your local supplier for computers has disappeared and you have no bank branch for 150 miles dont blame me.

What outrage?

But I agree not to blame you...

 

[Jake]

And when there is an outrage like today and in the future might last weeks or your computer breaks down and no parts available and your local supplier for computers has disappeared and you have no bank branch for 150 miles dont blame me.

OK, but don't blame me when all the trees in the world go up in smoke, all the printers clog up, the postmen all drop dead, and your eyes fall out of your head, either.

 

[Lincolnshirebodger]

You have to realise we are going through a social and technological change more significant than the Industrial Revolution of the invention of printing.

More money changes hands by electronic transfer than cash.

More credit cards transaction take place than cheque . In fact the banks themselves say cheques will be dead and gone within 10 years.

Paper is becoming not needed. Books and magazine are going over to ebooks and epapers. You can already buy an ebook reader and buy books as ebooks. The price of readers will drop until they are dirt cheap, and the price of ebooks and papers will also drop - Paper printing will be all but extinct within 20 years, hot metal pressing has already long gone.

I have watched the development of technology for 50 years and worked in IT more than 20, these are not idle guesses. I was predicting in the late 70's (when I did a BSc in Computer Science specialising in Artificial Intelligence and Expert Systems) that all human knowledge would be held on a giant planet wide computer system, and we now have the internet - rapidly becoming the depository of all human knowledge.

Technology will go further in the next 30 years than most people can possibly imagine. Within 15 years it will be possible to have a chip inserted in you cerebellum that will connect you directly to the internet. You will be able to control virtual computers mentally. This is not idle speculation, such technology is already being developed.

In 50 years time the world be will unrecognisable. The rate of growth of technology is increasing at an exponential rate. This can be seen if you plot paradigm shifts in all major science disciplines against time - they are occurring closer and closer together. Another indicator is the useful life of any new technology. Take audio recording; analogue audio records (LP's and EP's and 78's) last 70 years. They were replaced by cassettes, which lasted 20 years. They were replaced by CD's which lasted 10 years. They were replaced by MP3 technology, which I expect to last 7 years or so.

If you want to read something that will make you hair stand on end, google for 'Technological Singularity'

 

[RogerS]

And when there is an outrage like today and in the future might last weeks or your computer breaks down and no parts available and your local supplier for computers has disappeared and you have no bank branch for 150 miles dont blame me.

Well there's always telephone banking if you get another outrage (sic). As for computers breaking down, well, you will go and use a PC :wink:

So if you don't use the internet for banking,dw, that's a helluva round trip to make to go and check your balance or make a transaction!

 

[brianhabby]

hot metal pressing has already long gone.

Not quite,

There's a guy near me still using a hot lead Lynotype machine for use on his Heidelberg platen

regards

Brian

 

[Lincolnshirebodger]

hot metal pressing has already long gone.

Not quite,

There's a guy near me still using a hot lead Lynotype machine for use on his Heidelberg platen

regards

Brian

yes, but hes hardly main stream big time. You'll not find a single large circulation newspaper, magazine or book thats pressed with hot metal anymore.

You get steam engines at public events, doesnt mean steam engines are still in use...........