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if bank closes yr account,it gets closed,or dead.
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∙ 16y ago
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Can a bank reopen an account you closed?
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.
Why are accounts in bank are closed?
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
Does closing a savings account affect your credit report?
No. If you personally close your bank accounts, it will not be reported to any of the credit reporting agencies. However, if your bank closes your savings account due to negative activity on the account, such as overdrafts, NSFs, etc.. they will be reported to CRAs.
What happens if the bank closes your acct can you still go to jail for that?
Yes, if you write bad checks you can go to jail. Just to have a closed account no since no law has been broken unless they closed it because you committed fraud or something else.
Is a checking account reported to the government?
Yes. As per the government regulations, all bank account transactions beyond a certain amount are reported to the Government. For ex: in USA, if a deposit of over $5000 happens in an account, the bank has to intimate the Government. Similarly in India, if a deposit of over Rs. 50,000 happens in an account, the bank has to intimate the Government.
What happens after check kiting is suspected and bank closes the account?
The bank who shuts down the Kite comes out best. Those banks that fail to detect the kite get stuck.
What can you do if your bank closed and you have an account with them?
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
Can a bank reopen an account you closed?
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.
What happens when you receive a crossed cheque and you have no bank account?
open a bank account.
What happens if the bank closes your acct down can you go to jail for that?
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 orThe bank closed your account because you did not maintain minimum balance requirements orYes If:a. The bank closed your account because the account was involved in suspicious activities like money launderingb. The bank closed your account because links to known terrorists or drug dealers were found from your bank accountc. The bank closed your account because you issued checks to people without maintaining sufficient balance in your bank account
What happens when a bank closes a checking account and freezes funds before notifying you How do you get your money back?
When a bank closes a checking account and freezes funds without prior notice, it could be due to suspected fraudulent activity or failure to comply with account terms. To get your money back, you would need to contact the bank's customer service or visit a local branch to understand the reason behind the account closure and freezing of funds. Follow their instructions and provide any necessary documentation or proof requested to resolve the issue and potentially access your funds again.
Why are accounts in bank are closed?
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
Does closing a savings account affect your credit report?
No. If you personally close your bank accounts, it will not be reported to any of the credit reporting agencies. However, if your bank closes your savings account due to negative activity on the account, such as overdrafts, NSFs, etc.. they will be reported to CRAs.
What happens if the bank closes your acct can you still go to jail for that?
Yes, if you write bad checks you can go to jail. Just to have a closed account no since no law has been broken unless they closed it because you committed fraud or something else.
What happens to somebody's Answers account after they die?
Assuming no-one else closes the account - it simply lies dormant. All contributions made by the person remain in the archives.
What happens to a joint bank account when the the primary is the now deceased mother and the joint account holder is a daughter and In this case there is no will can they do anything?
The daughter now owns the bank account and everything in it.
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
