Join us for BBB | Secure Your ID Day -- ShredFest!
Saturday, April 16, 2011 in Milwaukee, Fitchburg and Appleton.
@ WaterStone Bank
10101 W. Greenfield Avenue
(Corner of 101st & Greenfield)
West Allis, WI
8:30 am to 11 am*
3052 Cahill Main
(Just off of Fish Hatchery Road)
7:30 am to 10:30 am*
1220 W. Northland Avenue
8:30 am to 11 am*
*There is a limit of 3 boxes, please.
Did you know that most identity theft crimes occur when something containing your personal information is lost or stolen? Protecting yourself from identity theft is in your own hands. If you don't need it, shred it -- responsibly! The BBB is here to help. Bring your personal documents (limit of 3 boxes, please) to the BBB’s “Shredfest” on Saturday, April 16, 2011.
When you attend the BBB's ShredFest, you’ll receive free document shredding and advice from the BBB on protecting yourself from ID thieves.
What needs to be shredded?
Canceled checks with no long-term significance for tax or other purposes can be destroyed after one year. However, canceled checks that support tax returns, such as charitable contributions or tax payments, should be held for at least seven years – long enough to cover the six-year tax assessment period. BBB advises that consumers indefinitely keep any canceled checks and related receipts or documents for a home purchase or sale, renovations or other improvements to owned property, and non-deductible contributions to an Individual Retirement Account.
Deposit, ATM, credit card and debit card receipts
Consumers should save credit, debit, and ATM receipts until the transaction appears on their statement and they have verified that the information is accurate.
Credit card and bank account statements
Credit card and bank account statements with no tax or other long-term significance can be discarded after a year; remaining statements should be kept for up to seven years. If a consumer receives a detailed annual statement, they should keep it and shred the corresponding monthly statements.
Credit card contracts and other loan agreements
Credit card contracts and loan agreements should be kept for as long as the account is active in case the consumer has a dispute with their lender over the terms of the contract.
Documentation of a purchase or sale of stocks, bonds and other investments
Investors should retain documentation of a purchase or sale for as long as they own the investment and then seven years beyond that time. Monthly retirement and monthly investment account statements can be shredded annually after being reconciled with the year-end statement.
Paycheck stubs can be shredded yearly after the income has been reconciled with a W-2 or other tax forms.
Utility or monthly bills
Monthly bills should be shredded the year after being received by the consumer. This way, if it’s a power bill, for example, consumers can compare this month’s bill to last year’s bill for any major changes before shredding it.
Shred-it Checklist - Don’t just toss it, shred it!
- Documents that include Social Security numbers, birthdates, PIN numbers or passwords
- Banking documents and other financial information
- Leases, contracts or letters that include signatures
- Pre-approved credit card applications
- Medical or dental bills
- Travel itineraries
- Used airline tickets
Click here for other important information, including a records retention schedule, and the BBB's "Everyday Habits to Safeguard Your Identity". For more information, contact the BBB's Susan Bach at 414-847-6085.
Our next Secure Your ID Day will be
October 19, 2013
Take Advantage of BBB "Secure Your ID" Day
Did you know that protecting your identity is largely in your own hands? Fifty-six percent of identity theft victims traced the theft to something that was stolen from their own possession.
So here’s the first rule: If you don’t need it, shred it – responsibly. BBB is here to help with Secure Your ID Day.
On Saturday, October 19, 2013, BBBs across North America will host this helpful identity theft prevention event featuring FREE on-site shredding plus tips to protect your identity.