Skip to content

Over the Counter Check & Deposit Record Retention

Answered by: 

Question: 
How long are we required to keep checks and deposits presented over the counter? We are sending and receiving images electronically.
Answer: 

As far as I know, there is no established retention period for the actual paper items. As a matter of practicality, your operations staff will probably want you to keep them as long as it takes to verify image quality. After that, retaining the originals becomes a security problem and most banks would prefer to destroy (shred) these items as soon as possible.

First published on BankersOnline.com 10/08/07

First published on 10/08/2007

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics