2007-04-05 05:55:40 · 4 answers · asked by legaleye2005 1 in Business & Finance ➔ Credit
My accounts are in good standing.. I just saw better perks at another bank. Also, I heard its best not to put all your money in one bank.......?
2007-04-05 06:03:56 · update #1
No. The only way that it would impact your credit negatively is if there was an unpaid balance from an overdraft or a bounced check that caused the account to close, charge off and sent to collections. Make sure to not have any checks outstanding when you do close the account to prevent this from happening.
2007-04-05 06:02:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
By closing one checking account with one bank to open an account at another does not affect your credit rating at all. When you apply for credit you are borrowing money you do not have and agree to pay back in a timely manner. These are the types of things that show on your credit. If there is something that you owe someone and do not pay like maybe having overdraft charges on your bank account and not pay it back. Then that will eventually report as a bad debt to the credit bureau and prevent you from opening a new account anywhere else in the state for which you live.
2007-04-05 13:01:24 · answer #2 · answered by JusDandee 1 · 0⤊ 0⤋
If you open and close accounts frequently it can hurt your credit, but if it's the first time in a long time, it shouldn't be an issue.
It's good to have good relationships with two or three banks, not ten or twenty.
2007-04-05 13:13:13 · answer #3 · answered by zippythejessi 7 · 0⤊ 0⤋
No..not at all.
Checking and savings account have nothing to do with your credit score.
2007-04-05 12:59:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋