Last Updated 10 Jan 2022

What is the safest way to dispose of old bank account statements?

Category Bank, Macroeconomics
Words 43 (1 page)
Views 21

It is not recommended to put the significant papers into the recycling bin. The best variants are to rip up the bank account statements, use a shredding machine or cut them with scissors. Some people just water the checks, you can try this too.

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Related Questions

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Is it safe to throw away old bank statements?

Is it safe to throw away old bank statements, or do you need to shred them first? According to the Federal Trade Commission, you should shred documents containing sensitive information, including bank statements, to protect yourself from identity theft. Follow these guidelines to help you know what to shred and when.

Do I need to shred my bank statements?

According to the Federal Trade Commission, you should shred documents containing sensitive information, including bank statements, to protect yourself from identity theft. Follow these guidelines to help you know what to shred and when.

How do you dispose of financial records?

Many communities (as seen in the video above) offer low cost document disposal through the local solid waste agency (AKA garbage dump) for that county. Please use the comments section below to share your own thoughts on disposing of financial records and what method you use to decide how long to keep things.

How long should you keep your bank statements?

Since we are relying on our bank statements as evidence in many of the scenarios already discussed above, they should be kept for probably five years (maybe slightly longer). If you don't get physical bank statements mailed to your home, you should take it upon yourself to print them out monthly.

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What is the safest way to dispose of old bank account statements?. (2018, Feb 21). Retrieved from https://phdessay.com/what-is-the-safest-way-to-dispose-of-old-bank-account-statements/

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