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Home >> Accounts >> Checking Accounts
Bank Fines Me for Re-opening Closed Account
I closed my checking account with my bank and two small EFTs came through, because I forgot to change or cancel the charges. My bank re-opened the account and promptly charged me $70 for two charges less than $15.00. I tried to resolve this with them, but they are unwilling to credit the amount back to me. Authorized or not, if I cancel the account (which I did in person), isn't it the bank's due dilligence to not allow charges? Will I win in court if it comes to that?
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 You would probably win in court. A closed account should be treated as such and your bank should have refused to pay the EFT items.
If those transactions were purchases you made with a debit card, the bank had to honor them and probably has a provision in its deposit contract making you liable for them in any event. The bank may or may not have a case for collecting overdraft charges from you in such a case, depending on state law.
Try to work something out with the bank to pay for the transactions, but not the fees. If that doesn't work, try to settle with the bank for some figure in the middle. For these amounts of money, no one wins if the matter goes to court (except the lawyers, if it ever comes to that).
Published on BankingQuestions.com 11/18/10
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