A major new behavioural study published today has revealed that people are able to manage and improve their finances better when they receive bank statements through the post rather than online. The study by London Economics for the Keep Me Posted campaign, which is thought to be the biggest study of its kind, looked at the effectiveness of paper versus online statements. It found that: * People were twice as likely to correctly identify how much money was in their account if they received the statement by post (82% vs 32% who received statements online) *75% of those who received a paper statement were able to correctly assess the financial health of their account compared to 48% who received an online statement *Those who received paper statements were also better able to spot ways in which to improve their finances, such as reducing spending (90% compared to 77%). While many respondents said receiving information in an electronic format helped them manage their finances better, the result of the behavioural test found the opposite was true. Read the report's executive summary below or go to keepmeposteduk.com/news for the full press release.