At least as long as the IRS requires records of transactions, 7+ years
The bank will store the check in a safe place. Actually banks will keep all the checks that were cashed by them in a safe place for future reference. From the customer point of you, the check is used and is no longer a valid monetary instrument.
Some banks keep personal records permanently on file but they can only report to a CRA up to 7 years.
usually they take up to 4 days but if its a higher sum they may keep it for a VERY long time!
Let then know as soon as possible. Tellers are required to cash checks exactly as they appear. Even if the give you less cash and keep more in their drawer it is bad for them and they may be disciplined. Always let them know
to make fun of the records
Yes. Banks keep a record of every single transaction (And that includes checks as well) that was performed at their bank. There are regulatory requirements that mandate these record keeping activities.
Yes they do.
The bank will store the check in a safe place. Actually banks will keep all the checks that were cashed by them in a safe place for future reference. From the customer point of you, the check is used and is no longer a valid monetary instrument.
they help keep records of data
Some banks keep personal records permanently on file but they can only report to a CRA up to 7 years.
No, you make many transactions they no know.
Banks and other businesses, keep a record of cheques on databases saved on servers.
The IRS has up to 7 years to audit you. Keep em for 7 years and shred.
Me personally, I keep everything for at least 5 years.
Make sure to keep strict records every time you deposit, or withdraw money. You can also go to your banks websote and set up your online account and check frequently to make sure your written records math the banks records.
Theoretically, until it's cashed. In practice, banks in the US are not obligated to honor checks with a date that is over six months old. But also in practice, many banks do. You should check with your bank to find out their policy. It may come down to depending on whether not they notice the date on the check.
usually they take up to 4 days but if its a higher sum they may keep it for a VERY long time!