2006-07-09 08:50:25 · 7 answers · asked by g8tr9 1 in Business & Finance ➔ Personal Finance
I keep mine for up to 3-years. Same deal with credit card statements.
2006-07-09 08:53:20 · answer #1 · answered by lelekid4ever 5 · 0⤊ 0⤋
You don't have to keep bank statements at all. However, a bank will allow you to challenge an entry on them for 30 days, so you should keep them at least that long. Also, the IRS says you need to keep tax records for 7 years. A bank statement can help support you if you are audited by the IRS. So keeping bank statements if they have significant information on them for tax purposes might be for up to 7 years. I tend to keep my bank records for about a year, but with the new online banking and ability to get old statements for up to 18 months with some banks, there's really no need to keep the ones you get in the mail if you don't care to keep them for the 7 years the IRS might require. Depends on the information on them, your anticipated uses is I guess the right answer.
2006-07-09 19:16:40 · answer #2 · answered by William E 5 · 0⤊ 0⤋
Hello g8tr9,
I feel it is always best to be "safe than sorry". I keep my personal bank statements for seven years, and my business statements for ten.
Good Luck,
~Trey
2006-07-10 15:28:09 · answer #3 · answered by ~Trey 3 · 0⤊ 0⤋
most people 3 years
2006-07-09 15:54:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
3 months.
2006-07-09 15:53:01 · answer #5 · answered by Danny42378 3 · 0⤊ 0⤋
I just keep the current year.
2006-07-09 15:58:38 · answer #6 · answered by penpallermel 6 · 0⤊ 0⤋
i personally keep it like 5 years.. but you can keep it like couple years
2006-07-09 16:32:19 · answer #7 · answered by matt0424 5 · 0⤊ 0⤋