How long should I keep that?

Do you know how long you need to keep documents at your bank? State and federal law dictate retention periods depending on the document. Records are often required to be retained under more than one authority. If you have a question about record retention, the Iowa Bankers Association has a comprehensive Record Retention Manual that covers documents from Christmas Club, HMDA, personnel files, trust, loan files and more.

The manual provides information on how long to retain the document, as well as supporting information from  state or federal code. The manual is in the “members only” section of the IBA website, so you will need to use your login information. If you do not have one and you are an IBA member, it is easy to sign up!


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s