Is it bad to have bank accounts that you don't use?

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Is it bad to have bank accounts that you don't use?

2007-03-28 02:49:51 · 3 answers · asked by Casey C 1 in Business & Finance ➔ Personal Finance

3 answers

To my knowledge, the answer is No. However, if you leave these accounts inactive too long, they are closed by the bank, and any funds that are in it are directed to your state for you to claim. However, if you owe a debt to the state, they will take it out of your unclaimed funds.

2007-03-28 02:55:05 · answer #1 · answered by sweetdreams_0423 3 · 1⤊ 0⤋

If you don't keep track of the activity on them, yes. Why would you want your money to sit unactive? Are you paying a monthly fee? Could you transfer the money into an interest gaining SAVINGS account?

2007-03-28 02:56:44 · answer #2 · answered by say_tay 4 · 0⤊ 0⤋

absolutely no....

Chris
www.forexaim.com

2007-03-28 04:28:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋