Retention & Deletion · Company practice
Criteria and exceptions governing Personal Data and Sensitive Information retention
Wells Fargo determines data retention periods based on data type, collection purpose, relationship nature, and records management schedules, keeping Personal Data and Sensitive Personal Information no longer than reasonably necessary to fulfill the Notice purposes. Records are destroyed according to retention schedules, but may be held beyond scheduled periods due to regulatory requirements, audits, investigations, or legal proceedings.
Details
- Who
- Wells Fargo
- What it does
- determine retention periods and destroy or hold records
- What it covers
- Personal Data, including Sensitive Personal Information
- Why
- no longer than reasonably necessary to fulfil Notice purposes
- Condition
- based on type of data, purpose, relationship nature, and records-management requirements
- Exception
- hold records beyond retention periods due to regulatory requirements, audit, or legal matters
Supporting quotations
We determine retention periods based on the type of Personal Data, the purpose for which it was collected or used, the nature of our relationship with you, and our records-management requirements. We will keep Personal Data, including Sensitive Personal Information, no longer than reasonably necessary to fulfil the purposes described in this Notice. Under our records and information management policy, we are required to destroy records containing Personal Data, including Sensitive Personal Information, according to specific periods in our retention schedule. However, we may need to hold such records beyond these retention periods as set forth in our records and information management policy, due to regulatory requirements or in response to a regulatory audit, investigation, or other legal matter.
Qualifications & exceptions
- Retention periods are based on data type, purpose, relationship nature, and records management schedules.
- Records containing Personal Data and Sensitive Personal Information are destroyed according to schedule.
- Records may be retained beyond standard periods due to regulatory requirements, audits, or legal matters.
Not stated here
- Specific retention periods and the text of the internal records management policy schedule are not supplied in this document.