How long do have to keep bank statements etc.. before you shred them?

Question

ID Theft Idendity theft Fraud

Answer 1

Ideally if you don't need them then ask your bank to send them just once a year.

Use your online banking the rest of the time.

I keep mine 7 years.

Answer 2

Since your bank keeps a copy there is no reason to keep one. To help prevent identity theft you should switch to on-line banking. If you do need one then you can just print it out and shred it when you are done. On-line banking also keeps your account number from sitting in a mailbox every month.

Answer 3

I suggest you keep them 2 years. If you ever go through a divorce that is the likely time period solicitors will ask you to prove incomings/outgoings.

you can get copies from the bank if you get rid of them sooner, but that costs money

Answer 4

I keep mine for three years that is what my bank told me but some states require that you keep them for 5 years it varies depending on what state you live in but no more than 7 years

Answer 5

I keep them for a year. But you can always get copies from your bank if you lose them.

Answer 6

because i work at a bank, i know that there is no rule that you have to keep them.....you can throw them out..in the shredder. ... and ur bank keeps records of them up to 2 years

Answer 7

when applying for stuff they somethimes ask for 6 months. tax people will ask for 3-5 years.

Answer 8

Seven years for tax audit purposes.

Answer 9

i keep a years supply of them just in case they are needed.

Answer 10

2 mins, as there is no money in my bank:(