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What else can I help you with?
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Can a bank close a bank account if you default on a loan with that bank?
They can but usually they leave it open but make it inacessable because they can keep it on your credit until its resolved. It is in your best intrest to close the account as soon as possible to allow the seven years it can be on your credit clock start ticking.
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
What happens when you close a credit card with a balance?
You cannot close it until you settle all your dues to the card issuing bank.
Can you close a bank account online?
Yes, you can typically close a bank account online by logging into your account and following the instructions provided by the bank for account closure.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Can a bank close a bank account if you default on a loan with that bank?
They can but usually they leave it open but make it inacessable because they can keep it on your credit until its resolved. It is in your best intrest to close the account as soon as possible to allow the seven years it can be on your credit clock start ticking.
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
What happens when you close a credit card with a balance?
You cannot close it until you settle all your dues to the card issuing bank.
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.
How do you write a letter to bank manager for close my credit card account credit card balance transfer to my saving account?
To, The Bank Manager HDFC Bank Charmwood Village, Faridabad Sub:- HDFC Credit Card A/C Close & Credit Card Closing Balance Transfer to my HDFC Saveing A/C Respected Sir, It is inform you my HDFC Credit card no 5176521002316488 And my HDFC Saveing A/C No 03961370000033, so please
Close a bank account that is frozen?
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
What happens if I close my bank account to avoid an electronic debit?
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.'
Can you close a bank account online?
Yes, you can typically close a bank account online by logging into your account and following the instructions provided by the bank for account closure.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
What happens if you close your bank account?
If you close your bank account, you will no longer have access to the funds in that account, and any automatic payments or deposits linked to that account will be disrupted. It is important to make sure all transactions are settled and any direct deposits or automatic payments are redirected before closing the account.
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
