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The site I went to said if you are writing off your utility bills for taxes, then you need to keep them as tax records. Otherwise, keep 3 months--this establishes residency for mortgage apps, voter registration, drivers license, etc.

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16y ago
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16y ago

You generally should keep them for a month or two--until all the deposits and withdrawals have cleared, so that you can see whether your records match the bank's records. Better idea: do your banking online. Then you'll have an electronic statement for six years or so while also avoiding the problems of identity theft caused by letting your statement go through the mail.

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9y ago

The minimum that personal bank statements should be kept is one year, due to tax reasons. Many recommend keeping them for three years in order to maintain documentation of important purchases and in case the IRS would decide to perform an audit.

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13y ago

It depends on the bank. Most banks send a statement once a month and some banks do it once a quarter. These days banks have stopped sending hard copy (paper) statements and have started sending monthly email statements to all their customers.

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14y ago

3 to 7 years, depending on how compulsive you are.

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Q: How often will you receive a statement for your checking account?
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PNC Bank compiles interest on a checking account yearly. Your statement likely contains potential earned interest every month. It will be compiled every 12 months.


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Can wife add her name to his checking account without his approval legally?

No she can't as a matter of fact without his written permission she can't even get general information about that account. This is what I found to be amazing, if this couple has a joint savings account, but the husband's name is the only one on the checking account, he is the only one that can legally transfer money from the savings account to the checking account. It also works this way if there is a joint checking account and money needs to be transferred from the joint checking account, to the savings account with only the husband's name on it, he is the only one that can move money from one account to the other. I am a bank manager and I know this is more information than you asked for, but when I have to explain this to couples, it often leads to a very heated discussion between them in my office. I live in Virginia and I can only answer for Virginia. I hope you found this answer helpful.


What other company will allow someone open a checking account other than a Bank?

Credit unions are another type of financial institution that allow individuals to open a checking account. They are member-owned and often offer competitive rates and fewer fees compared to traditional banks. Online banks and fintech companies also provide options for opening a checking account without the need for a physical branch.


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