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Can you Close a checking account to avoid automatic loan payments?
Wiki User
∙ 11y ago
Be very, very careful wabbit! I own an auto repair facility and a customer wrote me two post-dated checks for payment of repairs. She then closed her checking account to avoid payment with $750 outstanding on post-dated checks she wrote. She is being picked up for Theft of Services charges, which is a felony under the Ohio Revised Code today. You cannot stop payment or close an account to avoid payment for services or items already purchased. If a company has extended credit to you through your checking account, please verify carefully what the consequences will be before you take this step.
Wiki User
∙ 11y ago
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Can a credit card continue to allow automatic charges on your account after you ask to have the account closed?
Not if you ask them to close it in writing and you have NO balance.
Do they close your current bank account when filing for bankruptcy?
No they do not close your Checking or Savings account
Can you close your checking account if you have a balance left on your VISA card?
Yes, you can close your checking account even if you have a balance left on your VISA card. However, closing the account will not eliminate your obligation to repay the remaining balance on your credit card. You will still be responsible for making payments on the outstanding debt.
Can you close a checking acc when you have a neg balance?
Can a checking account be closed when you have a neg balance
Can someone else close a checking account without premission?
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
If you close a checking account wll it hurt your credit score?
Checking accounts are not normally reflected on a credit report.
How can you remove an ex from a checking account?
To remove an ex from a checking account, you typically need the cooperation of both parties involved. Contact your bank to discuss the process and requirements for removing someone from the account. This usually involves closing the existing joint account and opening a new individual account. Ensure any direct deposits, automated bill payments, or other financial arrangements are updated accordingly.
Is it correct to say do not leave large balance in checking account?
That is close to being correct, but not quite. A better phrasing would be, do not leave a large balance in your checking account.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
When closing a checking account do you have to do it at the same branch you opened it at?
You can typically close a checking account at any branch of the same bank, regardless of where you initially opened the account. Some banks may also allow you to close your account online or over the phone. It's best to check with your specific bank for their policies and procedures.
Can a successor trustee close a trust checking account when there are outstanding checks that havent been cashed?
No. No one can close a bank account when there are outstanding checks that must be paid to the bearer.
How do you protect a checking account from being attached by a judgment?
Take all the money out and close it out as fast as you can.
