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Bank and PayPal history: how much can be retrieved?
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Unless the OP's friend frequently changes email service providers, then you might be able to go back further by checking PayPal transaction emails.1
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Just asked the bank and they do go back further than 7 years. Only the online statements are 7 years. I asked how far back they go, but they didn't seem to know. "15 years" was mentioned, but I think he just randomly said that number.0
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