How long does a bank hold on to your personal information after you close your bank account?
D3vIL666 asked:
Do the bank hold on to our personal details (if they do then how long they hold on for?) or do they delete our personal details from their systems straight away when we close our bank account?
This entry was posted
on Monday, July 5th, 2010 at 12:00 am and is filed under Credit.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Do the bank hold on to our personal details (if they do then how long they hold on for?) or do they delete our personal details from their systems straight away when we close our bank account?
July 7th, 2010 at 7:00 am
forever. it is like a 2KB file and they have to keep records and also for investigating agencies like FBI Rajan G
July 8th, 2010 at 3:40 am
Companies have to keep their financial records for at least seven years so that the tax man can call on them if need be. I would expect banks to have to do at least that, and possibly more. Phillip B