2007-07-30 03:06:03 · 8 answers · asked by hippiblonde 1 in Business & Finance ➔ Personal Finance
A bank can close an account for any reason. They may feel you are participating in criminal activity, had a negative balance for an extended period of time, or even if you loose your cool.
2007-07-30 17:31:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You should have cleared out the requirements of the bank when you open an account. Different banks have different requirements and similarities. An account can close if the minimum balance was not kept for a long time (for some 0 balance), if the account is not active( no activity) for a very long time, if you have get a loan and was not able to pay it, same for credit cards.. You can reopen the account as long as the bank permits it.
2007-07-30 10:28:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes if it sits idle for too long..usually 2 to 3 yrs depending on state laws and after any attempt to contact the owner of the acccount....the assets are given to the state and depending on state law again ..either uses it in the general fund or sits untill the state finds the person or the person or estate or relative comes foreward.
2007-07-30 10:15:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes if you run out of money in your account. Either by drawing it all out yourself or the bank taking out your fees.
2007-07-30 10:14:01 · answer #4 · answered by honeybear 5 · 0⤊ 0⤋
Yes: They ahve various reasons, low money, low activity, you name it. Look over the service agreement that you signed when you opened your account. Good Luck
2007-07-30 10:11:06 · answer #5 · answered by Marsbar 3 · 0⤊ 0⤋
If one habitually overdraws, yes.
2007-07-30 10:11:31 · answer #6 · answered by ed 7 · 0⤊ 0⤋
yes if you taken all of your money out.
2007-07-30 10:09:04 · answer #7 · answered by roburo2002 5 · 0⤊ 0⤋
absolutely, and without your consent.
2007-07-30 10:13:25 · answer #8 · answered by Noone i 6 · 1⤊ 0⤋