I know that this is probably not the right section to ask this question in....but here it is.
How long is it advisable to keep bank statements for? I won a new shredder in a competition and am itching to attack the bank statements.
Susan
Oh get rid of them. Once you have checked them, there is no need to keep them. If you find some reason to look at them later, quote the Data Protection Act to the bank and they will send you six years worth of copies for a maximum of �10 (although in reality they don't usually charge).
I tend to think it highly unlikely that most banks do not charge the statutory �10 fee for statement disclosures under a DPA request when they still state around �5 per single copy of a statement as a standard T&C account charge.
Kempie, I have had 3 lots of statements from 3 different banks (in order to claim my bank charges back) and although I sent a cheque for �10 on each occasion, none of them cashed it.