How long are banks required to keep records of your account?

[Widowed Stepmom]

What is the name of your state? ARIZONA

I called the FDIC and THEY didnt know. My bank says after an account has been closed for over 7 years, they have no records. That just doesnt seem right. Any insight? Im sure there are microfish or SOME kind of records from 10 years back. Help?

 

[seniorjudge]

What is the name of your state? ARIZONA

I called the FDIC and THEY didnt know. My bank says after an account has been closed for over 7 years, they have no records. That just doesnt seem right. Any insight? Im sure there are microfish or SOME kind of records from 10 years back. Help?

https://forum.freeadvice.com/showthread.php?t=407295

double post

 

[VeronicaLodge]

i dont know the answer but 7 years after an account is closed? that seems like a really long time to me, i would think it would be more like 2 or 3 after an account is closed. why didnt you hang onto your own records?

 

[seniorjudge]

i dont know the answer but 7 years after an account is closed? that seems like a really long time to me, i would think it would be more like 2 or 3 after an account is closed. why didnt you hang onto your own records?

op is double posting

 

[Widowed Stepmom]

Sorry bout the double post, didnt know if I had put it in the right place at first...with regard to keeping my bank records, I DO keep them for a couple years, but I need to get something from 10 years ago. I thought they'd have them on microfish or something.

 

[Antigone*]

Sorry bout the double post, didnt know if I had put it in the right place at first...with regard to keeping my bank records, I DO keep them for a couple years, but I need to get something from 10 years ago. I thought they'd have them on microfish or something.

Seven years is exactly how long a bank will keep records.

 

[seniorjudge]

Seven years is exactly how long a bank will keep records.

Well...that clears up that.

Thanks!

 

[Ladynred]

Im sure there are microfish or SOME kind of records from 10 years back.

Sure, they embed the documents on miniaturized gold fish and guppies..

The term is microFICHE - there are no FISH swimming around the bank.

Banks do keep records on microFICHE, for 7 years, but once an account has been closed, they generally dump the records after 2 or 3.

 

[Texas Pooh]

But there are SHARKS swimming around at the credit card companies and the credit reporting agencies

 

[Antigone*]

Sure, they embed the documents on miniaturized gold fish and guppies..

The term is microFICHE - there are no FISH swimming around the bank.

Banks do keep records on microFICHE, for 7 years, but once an account has been closed, they generally dump the records after 2 or 3.

I have fish in my office at the bank

Just to make it crystal clear. We keep account records seven years for all accounts, open and closed because that is exactly how long Uncle Sam has to send the sharks out to get you!!