As identity theft becomes more prevalent, protecting your personal and financial information is important. One way to do this is by shredding your bank statements. But how long should you keep them before shredding them? And why is shredding necessary in the first place? Jessica’s Shredding Team, a professional shredding company in Oakland, CA, answers these frequently asked questions.
How long should I keep my bank statements before shredding them?
It depends on the type of account and the purpose for which the statement is used. For example, if you use your bank statements for tax purposes, you should keep them for at least seven years.
You can typically shred them after one year if they are not needed for tax purposes. However, checking with your financial institution or accountant for their specific recommendations is important.
Why is shredding necessary? Can’t I throw my bank statements in the trash?
Simply throwing your bank statements in the trash can make you vulnerable to identity theft. Thieves can easily retrieve your personal and financial information from your trash, including your name, address, account numbers, and even your signature. Shredding your bank statements ensures that no one else cannot access this sensitive information.
Can I use a personal shredder, or do I need a professional shredding service?
While a personal shredder can be used for smaller amounts of paper, it may not be efficient for large amounts or for shredding thicker paper such as bank statements. A professional shredding service has the equipment and expertise to handle large volumes of paper quickly and securely. They also typically provide a certificate of destruction, which verifies that your documents were properly destroyed.
Can I recycle shredded paper?
Yes, shredded paper can be recycled. However, checking with your local recycling center for their guidelines is important. Some centers may require the paper to be bagged separately or have certain size requirements.
Do I need to remove staples or paper clips before shredding?
While it’s not necessary to remove staples or paper clips before shredding, it’s a good practice to do so. This can help prolong the life of the shredding machine and prevent any damage to the blades.
What else should be shredded besides bank statements?
In addition to bank statements, it’s important to shred any documents that contain sensitive information, such as credit card statements, medical bills, and even junk mail that contains your name and address.
Who should I contact for professional shredding services?
Jessica’s Shredding Team is a professional shredding company in Oakland, CA that offers secure and reliable document destruction services. We provide both on-site and off-site shredding options, depending on your needs. Our state-of-the-art equipment ensures that your documents are securely destroyed while providing a certificate of destruction for your peace of mind.
