Metropolitan Bank (or any bank, really) will not cancel a loan unless (1) you successfully are discharged from a Chapter 7 bankruptcy or (2) you defaulted and the bank decided to write it off after collection efforts.
If your account was cancelled and you still have a loan outstanding, you are still responsible for making payments on that loan.
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
No, a bank cannot reopen a closed account without your permission.
Yes, in most cases you can reopen a closed bank account by contacting your bank and following their specific procedures.
my bank closed my account can i reopen the same account again
No, a closed bank account cannot be charged for any fees or transactions.
if bank closes yr account,it gets closed,or dead.
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
Actually such a scenario wouldn't occur. When a bank account is closed, the bank would release all the funds held in that account to the account holder on the same day the account is closed. Even if they can't do it immediately, they would have sent a check to the customer by post/mail. Banks cannot hold on to the funds of a bank account that was closed. It is mandatory for them to return the funds to the customer once his account is closed.
You cannot access a closed bank account. Only the bank and the law enforcement authorities of a country have access to closed bank accounts.
No. Once a bank account is closed, the account number remains unused by the bank for seven or more years (it varies by individual bank). You may reopen a new account with the same bank, provided the first account was not closed by the bank for improprieties perpetrated by you.
No, the account is closed.
No, a bank cannot reopen a closed account without your permission.
Yes, in most cases you can reopen a closed bank account by contacting your bank and following their specific procedures.
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.
my bank closed my account can i reopen the same account again
No, a closed bank account cannot be charged for any fees or transactions.
Yes, a bank can reopen a closed account at its discretion, but typically requires the account holder to request the reopening and meet any necessary requirements or conditions set by the bank.