Do banks and the like keep them stored in a huge warehouse for years on end?
2007-09-30 16:40:47 · 5 answers · asked by Narky 5 in Business & Finance ➔ Personal Finance
I understand they house them in old RAF hangers.
I got a copy of a cheque I had written (over a
dispute) after five years. Just ask your bank.
2007-09-30 16:57:51 · answer #1 · answered by RICHARD B 3 · 1⤊ 0⤋
Even now in almost all the banks they are issuing cheques and the transaction is not fully withdrawn. For business purpose this will go on for many years. Yours Vrvrao
2007-09-30 16:49:49 · answer #2 · answered by Raghavendra R 5 · 1⤊ 0⤋
For the couple of people that still use that obsolete payment form ,
They are mostly returned with the statements to their issuers .
Some opt not to get them back , and they are trashed .
The people or business who wrote them , may store them , but the bank does not .
And since the IRS only goes back 3 years now ,
Keeping them longer than that seems pointless .
>
2007-09-30 17:06:37 · answer #3 · answered by kate 7 · 1⤊ 0⤋
Yes, but only for 7 years.
Check out Cheque Scanning equipment for what happens then.
2007-09-30 19:16:46 · answer #4 · answered by Steve B 7 · 1⤊ 0⤋
Old Czechs eventually die just like the rest of us.
2007-09-30 17:13:22 · answer #5 · answered by StanTheMan 6 · 1⤊ 0⤋