Bank Account Statements (HSBC)

GTR_King

When you switch bank accounts and your old bank account is closed how long should you keep your bank statements after the account is closed?

Is it best to keep them for 3/6 months? Or can you get rid of them straight away? Not sure what's best to do...

I have about 10/11 years worth of statements (HSBC) and about 2-3 years worth of savings account statements (HSBC) that i need to get rid of...

What's the best way to get rid of them? I have no shredder but do have a chiminea so can burn them when we use it in the summer... but dunno what's the best way to get rid of them safely

jonesMUFCforever

6 years in case the tax man wants some info or you need to confirm a transaction and you have lost the receipt.

Armorica

7 years - statute of limitations plus a full accounting period

GTR_King

Thanks for the advice but my HSBC A/C Will be closed once switched to barclays... Will switch when I get Barclays/TSB debit card in the post.

Opened Accounts with both banks...

So need to get rid of my statements.... What is the best way to do it?

Don't really wanna keep them for anther 6 years

PlutoinCapricorn

I scan the lot, and shred after keeping for six years.

GTR_King

Ok thanks... Some of my statements are over 6 years old... Just wanna get rid of them as won't be using that account...any more Will burning them be safe?

colsten

GTR_King wrote: »

Will burning them be safe?

Not if you set fire to your or someone else's property or to yourself or another person in the process.

Next question.

GTR_King

Thanks for your help

Thrugelmir

GTR_King wrote: »

Will burning them be safe?

Shred them.

colsten

Thrugelmir wrote: »

Shred them.

Will that be safe?

GTR_King

Thanks I had statements back from 2004 and burnt all of them up till last statement Dec 10-Jan 11... will burn 11-12 statements soon will keep them for a few more weeks and will burn each year every 3-4 weeks until 14-15 is left and keep them just incase. Needed space for statements for new Bank A/C