E depositing checks

[Tim The Enchanter]

I started doing this a few months ago, versus mailing checks for deposit to my credit union.
I like it, no waiting and looking at the online banking to see when it arrives.
E deposited an economic impact payment today.
Have been keeping the e deposited checks in a folder.

I typically scan them and add them to my work file, same as payment advices for direct deposits.
Any thoughts on how long to keep them? Can't think of a reason to keep them at all, actually.

 

[Fernando]

E deposit is great along with mobile deposit. I get to keep copy of the actual check for tax records.
I still go to the bank once in awhile to make sure check has sufficient funds. Reminds me of those terrible times in my early career when some checks would bounce.

 

[RockBass]

I started doing this a few months ago, versus mailing checks for deposit to my credit union.
I like it, no waiting and looking at the online banking to see when it arrives.
E deposited an economic impact payment today.
Have been keeping the e deposited checks in a folder.

I typically scan them and add them to my work file, same as payment advices for direct deposits.
Any thoughts on how long to keep them? Can't think of a reason to keep them at all, actually.

My default right now is to keep them for five years, just like the work file. I figured it would be an easy enough time frame to remember.

 

[Russ Kitzberger]

Keep scans of the check, if there is every a collections matter and you get a judgement against the company, you can use the account and routing numbers to sweep the account (IE force the bank to hand over the balance in the account).

 

[Tim The Enchanter]

Keep scans of the check, if there is every a collections matter and you get a judgement against the company, you can use the account and routing numbers to sweep the account (IE force the bank to hand over the balance in the account).

That seem unlikely to happen. But I do keep scanned copies in the work file.
Guess I should shred them. If a crook got hold of them they might be able to use them for fraud.