Data protection and banking

[cassa333]

Hi,

If an organisation (charity) offered financial support to people and they gave that money by either bank transfer or cheque would they have to distroy the bank details as soon as it was transfered?

We are split on this one. Some are saying yes they have to be distroyed imediately and some are saying that we should keep them for a least a month in case something went wrong. If it went to the wrong account there would be no proof it was the error of the charity or the person filling out the application form.

Thanks

[boxtops]

IMO, they would keep them. Many financial records have to be retained for six years by law, for tax and audit purposes. I cannot imagine any organisation not keeping this information, they would need to be able to produce it on request (and also, as you say, for evidence that payment was made).

[cassa333]

That is what I thought but they are insisting that due to data protection they have to distroy all bank details straight away!!!