How long do banks keep records for closed accounts

When it comes to your finances, it’s important to be organized and keep track of your bank statements, tax returns, and other financial documents.

But how long should you hold on to these documents?

In this blog post, we’ll provide some tips on how long to keep bank statements, as well as other types of financial documents, and give you some advice on when it’s time to shred them.

How Long to Keep Bank Statements

Apart from providing proof of payment in case of a dispute, access to your most recent purchases, bill payments, and payroll deposits is required for a variety of reasons, which is why keeping your bank statements is quite an important thing to do.

But how long should you keep bank statements? Although this is determined by a variety of factors, generally speaking, you should keep them from one month to three years, depending on the type of document in question:

Keep a Month (Regular Statements and Pay Stubs)

Keep a digital or hard copy of your last month’s bank and credit card state

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