Records that document financial transactions between a bank and an unit. File may include correspondence, bank statement and other related records.
Retain for current year plus two years then dispose of.
Confidential destruction is required. Paper must be shredded, pulped, or incinerated; electronic records must be overwritten or the storage media physically destroyed. Deletion of information in computer files or on electronic storage media is not sufficient.
Last Updated: December 31, 2008