What is the technical limitation for banks that makes them only give you 18 months of history?

Posted by bobobobo on Stack Overflow See other posts from Stack Overflow or by bobobobo
Published on 2009-08-11T19:28:32Z Indexed on 2010/05/24 3:20 UTC
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For both my bank accounts I can only access 18 months of history.

To access older account history, you have to pay a certain amount of money for each old statement. Why do banks do that? Shouldn't this practice go away as we get bigger hard disks and cheaper storage?

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