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How Long Should We Keep Paper Documents Before Shredding?

Question: 
How long should we keep paper documents before shredding?
Answer: 

Before altering your existing document retention policy, first check with legal counsel and your compliance department.

According to a recent study, most banks that utilize an electronic imaging system retain paper files for a few weeks or months before shredding. Banks that rely on paper files retain them indefinitely or as otherwise defined by their retention policies.

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Download a study of 94 banks’ retention policies:
http://go.accusystem.com/document-retention/.

Vendor: 

AccuSystems is a leading provider of bank document management and imaging software. Trusted by more than 14,000 community bankers worldwide, the company offers a portfolio of software applications that automate exception tracking, reduce reliance on paper documents, and streamline audits. Chat with us, register for a free webinar, or schedule a risk-free demo. Call today: 800-950-2550.

First published on 09/13/2015

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