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What happens if I close my bank account to avoid an electronic debit?
Wiki User
∙ 16y ago
The company that is doing the electronic debit will request payment. You may receive a bad mark on your credit report. You could lose service or goods. And the bank might fine you for an 'overdraft.'
Wiki User
∙ 16y ago
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How can you avoid a bank account levy?
If you have been notified that your bank account is going to be levied, the only way to avoid that is to either close the account or take your name off the account. You can also keep the account open and just never put any money into that account.
What happens if you do not close your bank account balance is fall than minimum?
nothing will happen you can put some more money in the bank account to resume it
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.
What do you do when you close the accounts?
When you close an account you cancel the account, you delete it, if you close an account it won't be there later!!
How do you close your dailymotion account?
How to close an account on dailymotion
How do you close a 403B account?
can i close my 403b account
What happens if I write a check from a joint account and find out my husband closed the account?
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.
What happens if the bank has restrained your account for a long overdraft period of time?
Most banks will allow an account to remain negative for 30 days and then they will close the account ..many will charge fees during this period
How can you close your account on the Facebook forever?
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How do you close a SBI savings account?
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Can the bank close your account and not give you the cash at your request?
no pleas close my account
How do you delete or close your Hubpages account?
If you would like to close your HubPages account, please sign in to the account that you would like to close, unpublish all of your Hubs, and send us an email request with the subject "close my account" and the username of the account you would like to close in the body of your message (for verification)
