Keeping bank correspondence - yes or no

book12

Is it worth keeping bank correspondence? Do you guys keep banking correspondence like:

• Overdrafts - letter telling you of the limit, increase/decrease limit letters
• Account opening confirmation letters with account details
• Online/mobile banking logon details and confirmation of their setup
• PIN numbers for cards
• credit cards - confirmation letter, credit limit, increase/decrease limit letters
• changes in T&Cs
• etc...

SYHR

I always keep all correspondence, but that's just me. It may be totally useless, but at least I have the satisfaction of knowing it's filed away should I ever need it for any reason in the future.

mt99

I never keep any paper correspondence that is most of the paper stuff I get I throw away. however anything I think I might be useful I take a photograph of and just keep it as a jpg in a folder on my hard drive

d70cw6

all in the recycling bin

~Beanie~

I shred it all.

Tragen

I disposed of 10 years worth about 10 years ago... never looked back, keeping paper work like that is bad for your mental health IMO!

SailorSam

I don't throw anything away.
Having said that only the last couple of weeks some of the stuff from years ago started to be shredded & recycled.

Robisere

6 years of bank statements, "Account Closed" statement from previous bank. 18 months of utilities. 6 years of HMRC stuff. ALL correspondence from our Sheltered Housing landlord, a particularly inneficient, corporately dumb organisation. I lost count of the number of times I have had recourse to proving them incorrect by using their own documentation. I have a Receipts file and a Guarantee file and destroy anything out of date/warranty in the cross-cut shredder.

The most important stuff to retain is my DLA proof of permanency and I keep electronic copies of all correspondence with DWP. Every year I scan all paper and shred anything out of date.

DCFC79

book12 wrote: »

Is it worth keeping bank correspondence? Do you guys keep banking correspondence like:

• Overdrafts - letter telling you of the limit, increase/decrease limit letters
• Account opening confirmation letters with account details
• Online/mobile banking logon details and confirmation of their setup
• PIN numbers for cards
• credit cards - confirmation letter, credit limit, increase/decrease limit letters
• changes in T&Cs
• etc...

No need to keep letters stating an overdraft/credit card limit, increase or decreases.

Same with the account opening letters

In fact I wouldnt keep any of them, for some reason I had kept the letters stating the PIN's for a few cards but have shredded them now.

Whats included in the "etc" ?

PeacefulWaters

Keep statements with interest on.

Might save you time with HMRC.

TheShape

DCFC79 wrote: »

Whats included in the "etc" ?

Dozens of copies of 'A Guide to the Lending Code' and the 'Financial Services Compensation Scheme Information Sheet'.