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What else can I help you with?
Can a person open a checking account if their account was closed at a different bank?
Yes. However, if your account was closed due to a negative balance that you failed to repay, you might have some difficulty. Banks report these "charge-offs" to credit reporting agencies other than those used to verify credit for a loan. If a bank, during their account opening process, sees that you have caused another bank a loss on a checking account, they most likely will not open a new checking account for you. The best remedy is to pay the bank that is reporting the loss and start the process over. Good luck!
Can chexsystem report on a new checking account?
Yes
What does it mean when an unpaid account is closed on your credit report?
that it has been closed by either you or the company- either way it shows as a negative in your report
If you close a checking account wll it hurt your credit score?
Checking accounts are not normally reflected on a credit report.
Is information on open and closed account included on your credit report?
yes
The bank closed my checking account for excessive returned checks in the past year. They returned excess money to me after freezing the account and closing it. No money is owed. Can they report?
Yes, the bank can report this to ChexSystems. They will show that they had to close your account. Hopefully they will not put account abuse or fraud on your account because this will make it hard to open a new bank account. I recommend contacting them and asking them not to report you to ChexSystems, and get something in writing saying that your account is paid off. That way, if they report you, you can show you have paid it off, and a bank might open an account for you if they happen to still report you and you can show proof it's paid off.
What is the penalty for writing a check on a closed account in the state of California?
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. This penalty is irrespective of the country/state you reside in.
What is the penalty for writing a check on a closed account in Mississippi?
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. The penalties are the same irrespective of the country/city you live in.
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
Does the IRS tax you on your checking account without interest?
No. If your checking account in non interest bearing, then the you will have no interest to report on your income tax return and therefore no tax to pay.
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
What are the penalties for writing a check on a closed account in new york?
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. The penalties are the same irrespective of the country/city you live in.
