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#7370 - 09/28/05 10:29 AM Will my account automatically be closed?
Anonymous
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If I have a personal checking account with a zero balance for some time, will the bank eventually close it automatically?

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#7371 - 09/28/05 10:38 AM Re: Will my account automatically be closed?
Dan Persfull Offline
Compliance is my life

Registered: 08/28/02
Posts: 16057
Loc: Bloomington, IN
At my bank, yes. But not all banks will. The bank you have your account at is the only one that can really answer this question.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#7372 - 09/28/05 10:56 AM Re: Will my account automatically be closed?
Vee Offline
100 Club

Registered: 06/20/05
Posts: 125
Loc: North Alabama
At our bank it would automatically close too.
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#7373 - 09/28/05 12:08 PM Re: Will my account automatically be closed?
Beagle Queen Offline
Diamond Poster

Registered: 01/29/04
Posts: 2125
Loc: Wisconsin
If there is a monthly servicing fee, you may wish to close it yourself as some financial institutions will keep them open, keep charging your monthly fee and over draw your account then charge you at a later time. It happened to one of our customers at another bank and it is perfectly legal for them to do so.

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