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Bank drafts

train2
train2 Posts: 9 Forumite
First Post
in Budgeting & bank accounts
Anyone know if a bank draft processed 2014 by bank of Scotland can still be viewed historically? Bank say they cannot trace it. How can I get a copy of the draft. Is this possible?

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    IMO absolutely no chance.
    I would think that all cheques (of which a bank draft essentially is) would be pulped after 3 years.
    Is this a draft you asked the bank to prepare for you or one that you paid into your account?
  • train2
    train2 Posts: 9 Forumite
    First Post
    No I am trying to trace a draft that came out my late aunts account in 2014. This was done by the attorney. Banks are obliged to keep records for 7 years, they can go further back though in special circumstances. I am her executor. Attorney has not divulged any information. 
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Why do you believe banks are obliged to keep records of cheques / drafts fot 7 years?
  • dunstonh
    dunstonh Posts: 120,556 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 13 November 2020 at 12:20PM
    Banks are obliged to keep records for 7 years,

    No they are not.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    train2 said:
    No I am trying to trace a draft that came out my late aunts account in 2014. This was done by the attorney. Banks are obliged to keep records for 7 years, they can go further back though in special circumstances. I am her executor. Attorney has not divulged any information. 
    Can we ask how much the draft was for?
    Have you asked the attorney?
    Was it out of an account that would normally have a cheque book or a savings account>?
    Sorry more questions no answers.
  • born_again
    born_again Posts: 22,165 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    The bank it was processed too might have the details of it. But it is going to depend on if they have a electronic image of it. Anything paper related will have been destroyed. Due to the costs of storage.
    Certainly the bank it came from will not keep a copy.
    6 years is about the most banks keep stuff for, but things like cheques are all digitised & imaged now, onto  banks systems and paper is destroyed.
    Life in the slow lane
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