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#1459677 - 10/26/10 06:36 PM Escheated dormant account signature cards
mheffner Offline
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Joined: Oct 2010
Posts: 2
Hello,

I have a client that has retained escheated dormant account signature cards since the 1990s. What is the retention period for escheated dormant account signature cards?

Thank you,

Mark.

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#1459933 - 10/27/10 01:46 PM Re: Escheated dormant account signature cards mheffner
blvsinangels Offline
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Joined: Aug 2003
Posts: 372
My understanding is that for 'closed' accounts you must retain the card 5 years after the closing date. I don't think escheated accounts, for this purpose, are any different than 'closed' accounts. So I think you would be safe to dispose of the 1990's cards!

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#1460372 - 10/27/10 07:58 PM Re: Escheated dormant account signature cards blvsinangels
mheffner Offline
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Joined: Oct 2010
Posts: 2
That was my thought process as well. Thanks for the reply!

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