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Is a bank required under the Act to destroy the original paper check, and if so when?

ACT Bank destroy original paper
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Is a bank required under the Act to destroy the original paper check, and if so when?

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The Act puts no destruction requirements on the truncating bank. A bank truncating the original paper check should evaluate its business considerations including but not limited to risk, cost, etc. in determining how long, if any, the original paper check should be retained. In an image exchange where agreements are required, the agreement may provide for check retention requirements that a bank must fulfill. Considerations for these agreements could include various federal and state laws that may specify retention requirements.

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