Record Retention Policy Guidelines

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Question:

I am looking for a "free" booklet or publication that gives guidelines for Record Retention Policies. My bank is small and I am trying to implement some written policy/procedures for a retention policy. My background is from a large bank that had written manuals for guidance. With the latest technologies for imaging documents I hope to eliminate unnecessary paper and the need for so much storage.

Answer:

Unfortunately, there is no comprehensive free guide. The subject is so complex and requires so much research that the authors of such manuals understandably command a good fee.

There, is however, a short version of a record retention schedule available on the Banker Tools page of BankersOnline.com.

First published on BankersOnline.com 04/07/03