How Long Do Banks Keep Account Records?
Permanently. There is no statute of limitations for how long banks have to retain account monies. Accounts become dormant when banks have reason to believe the accountholder address they hold is no longer current – perhaps because they have had returned post or there has been no activity on the account.
Related Questions
- A patient with an outstanding balance on his/her account has requested a copy of their records. Can I withhold the records until the balance is paid in full?
- How long does a broker need to keep copies of closed real estate files and old trust account records?
- What documents do most banks require in order to open an account?
