A firm must provide or make available to a banking customer on paper or in another durable medium such regular statements of account as are appropriate to the type of retail banking service provided, but need not do so where:
the retail banking service is provided at a distance by means of electronic equipment where the banking customer can access his account balance, view transactions and give instructions in relation to the retail banking service at a distance by such means;
a banking customer has elected not to receive periodic statements of account, and for so long as such election is in force; or
it has reasonable grounds to believe that the banking customer is not resident at the address last known to it as the address of the banking customer and it is not practicable after reasonable inquiry to ascertain the banking customer's address.
A firm must not charge for providing information which is required to be provided by (1).
A firm must provide a banking customer with a true copy of any statement of account provided to him under (1) on paper or in another durable medium within a reasonable period of time following a request to that effect made by or on his behalf.
providing a copy of a statement of account under (3); or
providing statements of account more frequently than required by (1);
1A firm should indicate2 the rate or rates of interest that apply to a retail banking service in each statement of account provided or made available to a banking customer in respect of that retail banking service in accordance withBCOBS 4.2.1R (1).2 Firms are also reminded of the provisions of BCOBS 4.1.2G(2B) and (2C).322