Wealth Management

The shoebox – cutting edge bookkeeping tool?

SmartCompany /

A Dutch bank is bringing back the good ol’ receipt-filled shoebox to help it manage the wealth of its clients, Springwise reports.

A Dutch bank is bringing back the good ol’ receipt-filled shoebox to help it manage the wealth of its clients, Springwise reports.

Ritzy sounding private bank Insinger De Beaufort has launched a scheme under which it sends its rich clients a nice shoebox each month into which they drop anything vaguely money related – bills, bank statements, receipts, even speeding tickets.

The bank then sends a courier to pick up the box, does whatever needs doing to the financial documents contained within it, and then sends them a note within three days informing them of what has been done.

And every three months the bank sends the client a report detailing what has been done on their behalf and summarising their financial position.

The idea behind the shoebox is to provide a premium service to wealthy but very old-school clients who really can’t be bothered mucking about with piddling bills and receipts.

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