When I back out all my NSFchecks, they say NSF, but some say Closed Account. What does this mean?
The checks stamped "account closed" were drawn on accounts that have either been closed by the customer or been closed by the paying banks, often for account mishandling. In either case, you should not plan to re-deposit those checks, since they will never be good.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
The checks stamped "account closed" were drawn on accounts that have either been closed by the customer or been closed by the paying banks, often for account mishandling. In either case, you should not plan to re-deposit those checks, since they will never be good.
