Can you reopen a bank account that's been closed?
No. Once a bank account is closed, the account number remains unused by the bank for seven or more years (it varies by individual bank). You may reopen a new account with the same bank, provided the first account was not closed by the bank for improprieties perpetrated by you.
My current bank account was closed and someone has been depositing money to it can the bank use this money for an outstanding loan?
my bank closed my account can i reopen the same account again
Well if your bank with the bank I work for (one of the big 4 in the UK) then yes but not for long after is closes.
To, Branch Manager Are city Sub: Reopen of Account Ref: A/c no. ..... D/s I have an account in your Bank with the above said a/c no. Due to some reason I closed the Account in 00.00.0000. I want to reopen my Account, so please do the needful. Yours Faithfully Name Add Contact No. 1 month ago Report Abuse
Yes, you can request your issuing credit card company or bank to reopen your credit card that you closed. I did that with one of my credit cards. However, make sure that you had a good record on that particular closed account and that you check if all the balances have been paid before you closed the account in order not to ruin your credit history.
If your account was closed by you going into the bank and withdrawing the balance of the funds to close account, no. This account has been officially closed and is no longer active. However, if your bank account was closed due to lack of funds and put into the overdraft mode; yes. In fact you need to deposit funds as soon as possible to bring the account into the positive and to avoid any further… Read More
It depends on why the bank closed your account. No If: The bank closed your account because you did not use the account for the past few months or The bank closed your account because you did not maintain minimum balance requirements or Yes If: a. The bank closed your account because the account was involved in suspicious activities like money laundering b. The bank closed your account because links to known terrorists or drug… Read More
You cannot access a closed bank account. Only the bank and the law enforcement authorities of a country have access to closed bank accounts.
No, the account is closed.
I am a student of HS , main think is a i am not a busness man so i dont have much muny thats so i disided to open a bank account at canara bank as a student n saved my pocket mony thats way i'll open a bank account in canara bank thats all .
This bank account at TCF bank had been closed for over six months.Now we are being charged for over draft protection.It looks like a annual fee thay are charging on a closed account.How can a bank charge on a closed account and then charge for insufficient funds.
Dear Sir (or his or her name if you know it), Re: Account number XXXX (Put your old account number in here). I am writing to request that you re-open my above bank account which I closed on XXX (Put date here.) If this is not possible for any reason, I would be grateful if you would let me know what I need to do in order to open a new account, as soon as… Read More
Oh Yes. You can always look at the Cheques from a closed bank account. But, if you try to use them - then it becomes a crime. Issuing/using Cheques from a closed bank account is a criminal offence and you can be fined and/or jailed for doing so.
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
if bank closes yr account,it gets closed,or dead.
Actually such a scenario wouldn't occur. When a bank account is closed, the bank would release all the funds held in that account to the account holder on the same day the account is closed. Even if they can't do it immediately, they would have sent a check to the customer by post/mail. Banks cannot hold on to the funds of a bank account that was closed. It is mandatory for them to return the… Read More
No, they have to send it back to where it came from...that is, unless the closed account was negative.
Contact the bank directly for assistance retrieving copies of your bank account statement.
it depends on the specific bank you go to
Bank accounts are usually closed by two ways 1. When the customer no longer wants the account and requests the bank to close it 2. When the customer no longer uses the account for prolonged time periods and the bank automatically closes that account due to lack of activity
Usually banks will give you a letter after you get your bank account closed. This letter can be a paper letter sent out to your home address or an email. Eitherways banks send out a confirmation that your account was closed
If an account is charged off it is automatically closed. It is listed as uncollectable debt.
Generally if a bank closes, another bank will buy the deposit accounts and take them over. Your checking account would be transferred to the new bank
We usually don't need to keep statements from a closed bank account because, once an account is closed, no transactions can be done on it. So even if someone wants to impersonate you, they cannot use the account that you just closed. But it is always a good habit to keep atleast one or two statements of the account that you just closed in order to utilize for future reference purposes for yourself.
Visit your local bank and speak with a bank officer.
You would need to go in and talk to someone at the bank. The account generally can not be re-opened and a new account would have to be established
Its just closed for overdraft
Can you write a check on a in trust for account if you are the beneficiary and the account owner is deceased?
You need to check with the bank. They will want to see a copy of the death certificate and may want to close that account and reopen it in your name depending on their policies.
A bank 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.
an opened account with the mim amount of money in it meaning you havne't closed the bank account and can use or add money to write checks, debts ect
Yes This actually depends on your Banks Policy. Some banks will only remove someone that is deceased. Most banks will actually make you close the account and reopen a new account.
Writing a check on a closed bank account in Michigan is considered a felony offense. A person may be sentenced to up to 2 years in prison and/or $500 in fines.
If you pay the bank that you owe money to on the chex systems can you open a checking account with them again?
yes..but probably w/a fee to reopen..or open in general
go to the bank and ask
Can a joint bank account in Indiana be garnished or frozen from a judgment on a party who does not deposit funds?
Yes, if the debtor is a named party on the account the funds held in the account can be attached. The only way to avoid this is to close the account completely and reopen an account without the debtor on it. I have heard that it is even best to seek a completely different bank, to avoid errors from occurring.
How do you stop Speedway Inc from writing an electronic check to your account every month for 5 to 8 dollars when your bank puts the money back but can't stop it?
I work at a bank. At this point Speedway has your account number and routing number and will continue to try to put these checks through your account. If your bank pays the electronic check every time, then Speedway is making out like a bandit. The best thing to do is close your account and reopen another one. This way Speedway won't know your new account number and the next time they submit an elctronic… Read More
Your friend got a message from a supplier that her check says it's closed account however my friend's account is not closed and is wondering what happend to that check?
Your friend should phone, or visit, her bank branch. Only they can say why the supplier thinks that the account is closed.
Yes. The bank (or building society) MUST retain copies of all transactions - by law. Even if the account has been closed, there will still be an audit trail for the transactions.
Nonprofit bank accounts are usually closed and also opened by a board resolution.
ahah, good luck you poor soul!
If the mode of operation of the account is jointly by you and your husband in this case he can not closed the account. If the mode of operation is either or survivor, in this case your husband can close this account and you can not claim anything from bank.
Banks do not use the same checking account number twice. The routing number is the same for many accounts as it is a geographical designation of where your bank/branch is located.
Call the bank.
If your bank allows you to transfer money, then you can transfer money. If they're closed (and most banks are closed on Memorial Day), then it's going to be difficult, but you may be able to do it at an ATM or online. It's not clear what you mean by "if you share the same bank account". Transferring money from one account to the same account is kind of a null operation.
no. You have to reapply for a new checking account. Go to your local bank or online.
If you keep no money in your account for a prolonged duration of time or if you dont use your bank account for a very long time, then the bank has the right to either make your account dormant or even close it. Only an active account that has a minimum balance in it is eligible to be open and in service.
Why would a bank report you to Chex Systems for suspected fraud activity because you made a deposit from an account that had been closed?
If you knowingly deposit a check from an account that is closed, you are committing fraud. Because the bank is thinking that you are trying to inflate your account with money that isn't there, a process that is known as check kiting.
Writing a check on a checking account that is closed/inactive is a crime. Customers are not supposed to do that and if they do, the bank can report it and take legal action against the offending customer. The customer can be fined or jailed for doing so.
Even if the account is closed, the cash inside of the account is still considered an asset and no accounting entries are necessary. If a new account is opened, the new account is debited the cash balance and the old account is credited.
Means someone was writing out a lot of checks that were bouncing with no money in the bank. If banned you wont be able to get into any bank to cash any checks or get a account. Your account was banned , CLOSED Cashing or Writing bogus checks