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Nice one, Mick!

Mark, thanks for your comment.

I get your point on regulatory issues and I do agree, particularly when it comes to providing investment advice.

However there are many insights which can be provided online by financial institutions to assist their clients over and above the basic reporting of transaction details and without crossing the regulatory line. Those are the ones I was referring to.

It might be better to call it money management and financial literacy 101 then, rather than "financial advice". Take spend analysis, proactive alerts and anomaly detection or peer comparison and benchmarking, for example. I insist that the online channel is an excellent medium for this kind of more intelligent transaction reporting, whether you're on the Web-based channel, tablets or smartphones apps.

And please let's remind ourselves that cheques are also physically dangerous for your health: http://bit.ly/pdC4P8