no..it shouldn't be charged..
yes
no. You will hurt your credit when you close an open line of credit.
It will not affect your credit if you pay off the balance when you close the account.
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
When sending a close a credit card account, you need to include your name, address and account number. You also need to include reason for closing the account.
Contact the credit company and tell them you want to close the account and tell them to send you a final bill.
To successfully close an account, you must first have a zero balance on said account. Otherwise, you will still receive bills on that balance, which can and probably will accrue late charges.
They Regulate themselves
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
No you must close the account.
Contact your local branch of AGFS. If the account was an installment loan, the account will "close out" at time of payoff. If the account is a revol line of credit, and has a zero balance, a written authorization can close the account or after 6mos of no activity the account will automatically close.