The bank landed me with a £20 overdraft fee and another TWO £30 "VISA Clearing payments".. £80, it's not on.
2006-08-09 15:37:16 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Some banks may not let you close your account until you have paid your overdrafts and all outstanding documents have cleared. If you abandon your account and do not pay the overdraft fees, they can report it to many agencies and then when you try to open another account somewhere else, they will deny you an account.
2006-08-09 15:43:23 · answer #1 · answered by rcpaden 5 · 1⤊ 0⤋
my bank in particular charges $35 for overdraft fees, i had that problem before and yes they did closed my account but made sure i was not able to open another account til theirs was paid in full.
2006-08-09 16:20:13 · answer #2 · answered by amot430 1 · 0⤊ 0⤋
Most banks will not close an account will it is in the negative. You have to make the account current to close it. If you don't pay the account, the account can be placed on your credit report and on chex systems, which will hinder your abilities to open a new account somewhere else.
2006-08-09 15:42:53 · answer #3 · answered by bella_4624_19 4 · 0⤊ 1⤋
well in the United States, they can close the account but then black list you and its hard to open anothetr account anywhere. also if you dont pay, it can lower your credit score which can ruin your life
2006-08-09 15:46:20 · answer #4 · answered by guitar_lady81 4 · 0⤊ 0⤋
yes and the bank can add it to your credit report as a negative dept not good
2006-08-09 15:46:28 · answer #5 · answered by needy_kitty 1 · 0⤊ 0⤋
yeah, you can probably close it, but they will send you collection notices and can send you to a collection agency.
2006-08-09 15:43:01 · answer #6 · answered by andrea 5 · 0⤊ 0⤋