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Usually because it is costing the bank more to service the account than they are earning on the money deposited * Savings account with a low balance or too many transactions. * Checking account frequently overdrawn. * Loan with late payments (but they want this one paid off and then closed).
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoA bank may close your account for several reasons...
- A consistently negative balance- it costs too much to keep operating an account that they feel is abandoned!
- Bankruptcy- it doesn't happen too often, but sometimes your personal accounts have to go, especially when (skip to #3)
- You are defaulted on a loan with your bank, and they use the funds in the account to help pay it back!
- They found out that you opened the account with fraudulent information! How would you feel if you found out you had an account opened in your name in a place you've never been to, like Moscow?
- You just want them to close your account. They may want to keep you as a customer, but they won't give you too much of a hassle if you truly want the account closed...
There may be several other reasons why your account might be closing, but these are the most prevalent. Some excuses like "they just hate me because of my race" or "they must not like young men" are not only highly unlikely but very silly as well...
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Want to close your bank account in London at natwest 65 aldwych London what do you have to do?
Tell them that you want to close your account!!
Why bank close a bank account without reason?
Because they want to hahahahahah :)
How do you write letter to bank manager for closing account?
If you want to write a letter to a bank manager to close your account, you will need your account number. You may also need to address, and proof of identity in order to close the account.
How long can a bank freeze your account in VT if you want to close it?
it will freeze for 1 hour and you will not be able to close it
I want to sell my fixed deposit what are the procedure?
You need to visit the bank branch where you have the account and submit a request in writing to close the account. You would have to submit the FD Receipt before the bank accepts your request. The bank will process the request and pay you the money that is present in the FD account.
Can a bank stop you from closing an account?
If the account is in debt you cannot close the account without settling (paying off) the balance. Otherwise it is your right to decide on whether you want to keep the account or close it.
Can you write a check on a in trust for account if you are the beneficiary and the account owner is deceased?
You need to check with the bank. They will want to see a copy of the death certificate and may want to close that account and reopen it in your name depending on their policies.
You want to change your account bank of Ireland to aib bank How can you do this?
You could formally close the account by withdrawing all the money and lodging it in a new account in AIB. Talk to the bank first. They may be able to help and even offer you an incentive to stay if you have particular issue with them.
how do i make a bank account?
go to the bank and tell them you want to open account
How does money in my account benefit the bank. does it mean the bank is richer?
The money you deposit into your account is an obligation for the bank to be paid to you anytime you want. The bank would lend this money to its other customers and earn an interest income from it.
You want check your account balance in canara bank bagalore bensontown?
i want check my account balance from canara bank
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
