answersLogoWhite

0

No they do not close your Checking or Savings account

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Movies & Television

How do you close a SBI savings account?

how to close Sib bank serving account


Is there a penalty to close ugma account?

Generally, no there is no penalty to close a UGMA account. However, there may be a surrender fee or an exit fee if removed in a certain time frame.


India's current account balance capital account balance and forex reserves for the period 2001-2006 and list the major features?

"http://wiki.answers.com/Q/India%27s_current_account_balance_capital_account_balance_and_forex_reserves_for_the_period_2001-2006_and_list_the_major_featuresu ur site is full of stupitity when u dont hv answers better close the site


Lets say - Judge Judy awards the plaintiff x amount of dollars for winning their case. I would like to know how does that plaintiff get paid. Does the plaintiff have to deposit the money into Court?

NO your Money will be deposited into a escrow account by your attorney. An escrow account is an account that your attorney name and your name is on that account. To make any withdrawal from tha account have to made by your attorney. You can close that account once that attoney receive their cost. but to close that account you are basically firing or relieving that attorney.


How you close your icici account?

You have to visit a bank branch and then submit a letter that looks like below: To, The Manager __________ (Fill in the name of the bank and branch in the blanks) From, _____ (Fill in your Name) ______(Fill in your Address & Phone number) Sir, Sub: Reg. Closing of Bank Account ______ (Fill in the Account number) As I would like to close my bank account _____ (fill in your bank account number) with you, kindly do the needful reg. the same. Please do the needful to close my account and repay the balance held in my account to me. Thank you ________ (Fill your name and sign) The bank would take up the request and pay you the balance as cash or check.

Related Questions

What if you forgot to include a checking account information on your bankruptcy case?

"Forgot"? The forms or your lawyer asked for all bank or other financial accounts. If the balance in your account was close to zero at the time of filing, you may not need to worry, but if there was a significant balance, you should amend your Schedule B to include it. Check with your lawyer or get a bankruptcy lawyer.


Can you keep a few small credit cards after filing for bankruptcy?

Yes; however, the issuer is not required to continue to extent you credit (can close the account).


Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?

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.


I am my mother's legal trustee due to alzheimers I am filing BK will this affect my trustee status?

Question is unclear. Who are you filing bankruptcy for, her, or you? If for her, it should not affect you, personally or financially, in any way. If you are filing bankruptcy for yourself, your status as the trustee of, and your availability to, someone else's assets may come under close scrutiny by the bankruptcy court and your creditors. It they suspect, or can prove, any co-mingling of your assets with that of your mother's, REAL problems could ensue.


Appeal letter to bank to not to close current account?

7


Can you keep accounts in a bank if you filed bankruptcy against their credit card?

I don't have a definitive answer, but it has been my experience that normally you can keep an account in a bank after filing bankruptcy on their credit card. I have found some small, local banks though (usually credit unions) that do require people to close their account(s) if they file bankruptcy on the bank. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.


Do you close your checking account when you are filing bankruptcy on online payday loan companies that debit your account?

Closing your account is the only way to ensure they won't take any more money. Many payday lenders are bottom feeders who don't abide by the laws anyway. Just because you file bankruptcy doesn't necessarily mean they will stop trying to take money out of your account. Secondly, find out if payday loans are legal in your state. Some states have made them illegal. It may not be necessary to file bankruptcy if payday loans are your only issue. A bankruptcy attorney should give you a free consultation. Your state attorney general or financial regulator could give you more info on payday loans in your state.


Will your merchant account close after bankruptcy?

While it is more difficult to obtain a Merchant Account with a bankruptcy on your credit it is still possible. I was able to get a merchant Account through Orbitalpay (http://www.orbitalpay.com) with less than perfect credit as they are "in house" and are more leniant with approvals than most banks.


How do you write a letter to close an account?

From, Your name & Acc number To, The Manager Bank name Sir, Sub: Reg closing of account no: ----- I would like to close my account with you. So I request you to close my account and pay the current balance in my account $___ Thanks, Your name ________ - Sign here.


When did the Borders book stores file for Chapter 11?

The Borders book store filed for Chapter 11 bankruptcy in February of 2011. Borders decided to close 30% of it's Brick-and-Mortar stores after filing for bankruptcy.


If I used my credit cards close to the filing of my bankruptcy will it harm when filing?

Yes. If you are declared bankrupt, the Official Receiver will review your conduct leading up to the bankruptcy. If you have obtained or used credit immediately prior to the bankruptcy, this could be considered fraudulent use and the Official Receiver may apply to Court for a bankruptcy restrictions order against you. Depending on the seriousness of the offence, this could be for a period of up to 15 years. The main restrictions in bankruptcy are; you cannot obtain credit of more than £500, you cannot be a company director and you cannot hold certain public offices, such as the trustee of a charity.


What are some reasons to reopen a bankruptcy case?

The most common reason is the filer wants to add creditors onto the bankruptcy schedule. The trustee can also ask for the BK to be reopened if they suspect that nonexempt assets were not included at the time of the original filing. There are a few other conditions in which a BK can be reopened. The discharge of bankruptcy does not actually 'close' the bankruptcy, it may remain open for an undetermined amount of time, depending on circumstances.