Bank Statments

Tonawanda17

Hi, does anyone know how long banks keep statments for. I can back 7 years online but some say they throw records away after that but some say they can go back as far as they want.

I did ask albus on another topic but he wasn't sure

Any idea?

poppy123456

7 years if the account is still open. If it's closed then 5 years.

Tonawanda17

Thanks poppy. Maybe i didn't make myself clear. What i mean was after the 7 years is the information destroyed so people like HMRC or DWP wouldn't be able to get it either or is it stored somewhere. Sorry to be a pain

poppy123456

I have no idea sorry. If your savings/capital have never been over £6,000 then you have nothing to worry about.

Tonawanda17

Hi Poppy. Thanks. Can you give me your opinion of this. Its long but does mention using a.i in dwp.

https://www.institute.global/insights/politics-and-governance/reimagining-uk-department-for-work-and-pensions

poppy123456

https://forum.scope.org.uk/discussion/comment/886561#Comment_886561

I seen your other thread and I didn't respond because I don't have the brain power to read through all of that, I'm sorry.