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First Direct to End Paper Savings Statements from September

Account holders can choose to receive printed statements by updating their preferences in the bank’s app

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Overview

  • From September 1 First Direct will automatically stop mailing paper savings statements to its roughly 1.9 million UK customers.
  • The bank will send an email alert when each statement is ready and customers can view, download or print PDFs via the app or online portal.
  • Social media posts on X and Facebook show some long-term savers are frustrated by the move to digital-only statements.
  • Clients who still want paper statements can revert their delivery preference at any time in the “Statement Preferences” section of online banking or via the app’s chatbot.
  • The change reflects First Direct’s industry-wide effort to cut operating costs and reduce environmental impact by shifting to digital services.