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  1. 05-01-2008, 02:13 PM #1
    Widowed Stepmom
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    How long are banks required to keep records of your account?

    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?
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  3. 05-01-2008, 02:22 PM #2
    seniorjudge
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    Quote Originally Posted by Widowed Stepmom View Post
    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?
    [url]http://forum.freeadvice.com/showthread.php?t=407295[/url]

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  4. 05-01-2008, 02:22 PM #3
    VeronicaLodge
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    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?
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  5. 05-01-2008, 02:23 PM #4
    seniorjudge
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    Quote Originally Posted by VeronicaLodge View Post
    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?
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  6. 05-01-2008, 02:25 PM #5
    Widowed Stepmom
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    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.
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  7. 05-01-2008, 03:22 PM #6
    Antigone*
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    Quote Originally Posted by Widowed Stepmom View Post
    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.
    Now Serving at FA on the Roof - The Funsucker. Our feature drink, created by Senior Member, Tranquility, contains sour lemons, muddled with poor grammar and topped off with wry.

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    Quote Originally Posted by quincy View Post
    Um, you didn't tell the whole story, Antigone. I posted your name , you posted my name , we sued each other , we both lost , and we lived happily ever after , the end . (it was an illustrated story)
    Tigi is still waiting for the illustrations
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  8. 05-01-2008, 03:25 PM #7
    seniorjudge
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    Quote Originally Posted by Wirelessany1 View Post
    Seven years is exactly how long a bank will keep records.
    Well...that clears up that.

    Thanks!
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  9. 05-02-2008, 07:27 PM #8
    Ladynred
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    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.
    "Knowledge is Power - use it as you see fit !

    I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice.
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  10. 05-02-2008, 07:52 PM #9
    Texas Pooh
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    But there are SHARKS swimming around at the credit card companies and the credit reporting agencies
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  11. 05-02-2008, 08:32 PM #10
    Antigone*
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    Quote Originally Posted by Ladynred View Post
    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!!
    Now Serving at FA on the Roof - The Funsucker. Our feature drink, created by Senior Member, Tranquility, contains sour lemons, muddled with poor grammar and topped off with wry.

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    Quote Originally Posted by quincy View Post
    Um, you didn't tell the whole story, Antigone. I posted your name , you posted my name , we sued each other , we both lost , and we lived happily ever after , the end . (it was an illustrated story)
    Tigi is still waiting for the illustrations
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