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Normally if a bank closes your account they will report you to chexsystems, telecheck, or early warning services. If the account is charged off, it may be turned over to a collection agency and in turn it could hurt your credit. It will also prevent you from opening a new account easily

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โˆ™ 2008-07-27 00:46:20
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Q: What can you do if your bank sent you a letter telling you that they will close your account because of a bad check you deposited into your account and could this affect your credit?
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