Why do online banking systems make only 3-12 months of transactions available?

Folks:

It is time to start thinking about taxes. I am interested in downloading 2014 transactions from two banks that offer online banking. One offers 12 months of transactions from their database (i.e., 11 out of 12 months of 2014). The other can go back for 3 months. Given the cost of hard drives and servers, why can’t I get all of my transactions for 2014? Google keeps 10 years of my email. What would be hard about keeping 5-10 years of numbers and short text strings for financial transactions?

Philip Greenspun’s Weblog

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