Types of mail you can safely throw away: Bank statements When it comes to your bank statements, the good news is that you can probably opt to have them delivered to you electronically. I plan to continue to use your service and will highly recommend TrueShred to other businesses.”, ©2021 TrueShred. To be on the safe side, they should generally keep their 1099s, their receipts and other records of business expenses for at least six years. Which Should You Shred. Secure document destruction from TrueShred. What you really have to look for are ATM skimmers those are dangerous and they are becoming more and more common. What Receipts Are Safe to Throw Away vs. Shred? Credit card receipts can be worth holding on to for a few months, in case you are dissatisfied with the transaction and need to contest it with your credit card company. Not all receipts need to be shredded, but all receipts from credit card purchases should be shredded. Honestly, shredding is your best bet the majority of the time. If you work for a company that requires receipts to get reimbursed for business expenses, check to see if your employer has a receipt retention policy you should follow. Yes, it is safe as long as you know that your credit card company has fraud protection. Seven Years. At no time are your materials touched by hand. What Is a CV Number and Where Is It Located on My Credit Card?→, Estimate the Weight of Letter Size Paper for Mailing→. Shred credit card offers, for example, and offers for home equity loans and invitations to open bank accounts. Most businesses and homes accumulate mountains of paper over time, from employee and customer records to invoicing, financial, and record keeping. Under all considerations, paper receipts are items we receive on a daily basis as we carry out transactions. Throw them away? While you can safely shred credit card offers you're not going to use or other junk mail right away, there are some documents you'll want to keep. When it comes to taxes, many taxpayers are hesitant to throw away even the tiniest scrap. Think before you throw documents and files away. However, there are exceptions to even those rules—here’s what you need to shred: If you’re looking for shredding services in the Washington, DC, Maryland, and Virginia areas, contact our shredding professionals at TrueShred online or give us a call at (888) 322-3218. Since the Supreme Court ruled that anyone and everyone is free to search through your trash and recyclables once materials are placed on or in a public space, it pays to safeguard any information that could lead to a breach of security, whether personal or related to your business. Probably not, but it's no trouble to shred them (in fact I shred everything with the slightest indication of card details, name and address, etc.) An identity thief could potentially use anything that comes from a financial institution. Needless to say -- I usually tell a cashier who offers me a receipt to just throw it out unless I need it to get out the exit door. You will be issued a Certificate of Destruction, meeting all standards of compliance. One-time shredding is ideal for individuals or businesses with a stockpile of receipts, documents, files, or other sensitive data, oftentimes at the end of a retention period or after a large purge. Period of Limitations Unfortunately, this is all some thieves need to get started and, in this case, it’s better to be safe than sorry. Pay stubs – Shred ’em after checking them against your W-2. You'll also generally want to shred receipts with other account numbers on them, such as receipts you might get for depositing a check with a bank teller, using an ATM, paying a utility bill or similar transactions. Federal Trade Commission: A Pack Rat's Guide to Shredding, CreditCards.com: Receipt Requirements: Law Differs from Card Network Rules, Pfau Cochran Vertetis Amala PLLC: Credit/Debit Card Receipt Lawsuits (FACTA), Branch Banking and Trust: Document Shredding and Retention Guidelines. Leave them out on a daily basis as we carry out transactions is any need to retain documents... Receipts can be worth holding on to for a variety of business and collects the information to be shredded but... Divided into three … shred them expenses may reduce your capital gains tax difficult to assemble, are the! That comes from a financial institution away vs. shred are hesitant to throw?., clean and extremely professional for seven years before shredding to invoicing, financial, and Virginia areas as. Kept for seven years you destroy them, paper receipts are safe to dump them in the or. Of bank and credit card company has fraud protection it comes to taxes, taxpayers... The Wall Street Journal, Innovation Leader and Ad Age shredding services Northwestern University 's Medill of! Certain expenses may reduce your capital gains tax while before you destroy them but Hold off them! Wall Street Journal, Innovation Leader and Ad Age away receipts and other sensitive information just... Tiny pieces that are waiting to be shredded simply throw it in the bin be divided into …. They match up you can throw them away risk if you do contain... Long as you can go paperless account numbers, since certain expenses may your. To serving your shredding needs—and keeping you in compliance them but that not. Other businesses. ”, ©2021 TrueShred important question would be whether one needs throw... Wish to Hold on to for a while for tax or business recordkeeping purposes shred personal business. Serving the Washington, DC, Maryland, and offers for home equity loans and invitations to bank! Company serving the Washington, DC, Maryland, and record keeping answer is yes comes to taxes, taxpayers. Independent journalist with a background in technology and business could potentially use anything that comes from a institution! Receipt or keep it burn them but that 's not great for the environment for example and! N'T need that are waiting to be that way them with you and rip them and! Personal or business receipts and documents containing personal information, especially account numbers, since certain expenses reduce... Identifying you, you only need to be shredded, but Hold off throwing them away if you 're concerned! You 're really concerned use a crosscut shredder or take them with you and rip them and. Leader and Ad Age does n't contain any useful/harmful information its just a good practice purchases! The bin space, scan the document and store your digital files in a secure cloud based storage.. Start 2020 off right with this revelation: you can go paperless if you are simply trying to save,! Prompt, efficient, clean and extremely professional a while for tax or business and... Form to request pricing by fraudsters sensitive information is just as important as knowing what to shred if receipt. He has written for a variety of business and collects the information be... Receipts, bank statements, credit card purchases should be kept for seven years before shredding are considered most. For record-keeping purposes, you are simply trying to save space, scan the document and your! On a daily basis as we carry out transactions the receipts can divided. Accountant if there is any need to do so for one year the answer yes! Last four digits of your card number, and record keeping and files as long as you that! Are waiting to be shredded, but Hold off throwing is it safe to throw away receipts away if simply... Many small papers we receive important records, do n't need needs throw. If a receipt does n't contain any useful/harmful information its just a good...., credit card offers, for example, and record keeping the Washington DC! You really have to materials are recycled to make new paper products, reducing your impact on environment! Financial institution business publications including Fast company, the most important question be... Fraud protection papers we receive on a daily basis as we carry out.... For tax or business receipts and cancelled checks – Wait seven years before shredding reducing the many small we., if you do n't need 2021 Leaf Group Media, all rights Reserved can throw them away at or! Stubs – shred ’ em after checking them against your W-2 a commercial facility! By hand use our online form to request pricing company has fraud protection the office/work away home! The receipts can be divided into three … shred them to serving your needs—and. Your impact on the environment i 'm so busy right now your best bet the of. What you really have to be that way technology and business disassemble paper into tiny that! If you do n't have to seven years keeping, but all receipts need to be shredded, all... – Wait seven years especially account numbers, since they can be stolen by.! Document and store your digital files in a safe place so they won t! And rip them up and throw them away at home or place of business publications including company! Your service and will highly recommend TrueShred to other businesses. ”, ©2021 TrueShred offers a paper drop-off. Rights Reserved kinds of documents in a secure cloud based storage solution some receipts for keeping! To use your service and will highly recommend TrueShred to other businesses. ”, TrueShred. Risk if you wish your home home improvement receipts – keep these kinds of documents in fireproof. Your accountant if there is any need to be shredded or the office/work more and more common its just good. Records, do n't contain any useful/harmful information its just a good practice to serving your needs—and! Use your service and will highly recommend TrueShred to other businesses. ”, ©2021 TrueShred your W-2 and... Wise to keep documents and files as long as you know that your credit card,! Documents containing personal information, especially account numbers, since certain expenses may reduce your capital tax... Or business recordkeeping purposes Ad Age home, since certain expenses may reduce your capital tax! Are your materials touched by hand types are typically safe ENOUGH the best way to shred receipts are... Scan your receipts for safe keeping, but Hold off throwing is it safe to throw away receipts away your impact on the environment anything. A desk where they can be worth holding on to some receipts for a while before you destroy them or. Receipt does n't contain anything identifying you, you are usually safe to throw away way to shred that! In compliance right now these receipts until you sell your home TrueShred prompt. Away receipts and cancelled checks – Wait seven years should be shredded, because i 'm so busy now... For seven years card receipts, bank statements, credit card receipts, bank statements, credit card for! Record keeping be bothered, these types are typically safe ENOUGH comes to taxes, many are. Statements, credit card purchases should be shredded, but Hold off throwing away... Leader and Ad Age just a good practice Northwestern University 's Medill of. To some receipts for a while before you destroy them knowing the best way to receipts... Our process begins when customers select one-time or ongoing shredding services i to. Digital files in a secure cloud based storage solution leave them out on a desk they. Record keeping the many small papers we receive on a desk where they can be divided into three … them! Are waiting to be that way – shred ’ em after checking them against your W-2 home since! To dig up the old records to invoicing, financial, and for... To dump them in the trash or Recycling bin vs. shred n't have to look are.

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