Will closing a bank account affect my credit score?

Question

After much unhappiness with a crappy bank, I opened a new account elsewhere and began depositing all of my money there. I had a tiny bit remaining in the old account, and decided to spend most of it, and unfortunately, in the process of this, became overdrawn by $7. I quickly corrected the issue, paid the insufficient funds charge, and am now ok. However, I want to just officially close the account. Could this hurt my credit score? Should I keep the account open, put some money in, and incur some 'good behavior' instead of just closing it so soon after being overdrawn, even by a small amount for only a few days? I don't want my credit score to suffer! Thank you!

Answer 1

The account can't affect your score if it is not on your report. If it is, it is already hurting your score. Bank DEPOSIT accounts only appear on your credit report if you are overdrawn. Even then, they usually are not reported unless you are overdrawn often, or by a large amount. My checking account has been overdrawn for less than 5 days about 6 times over 10 years and has never appeared on my report.

Answer 2

remaining a financial corporation account does no longer result your credit. Now in case you very own the financial corporation money, after which you shut the account, and not in any respect pay them the money they'll turn you into collections and then which will result your credit in a substantial way. yet once you do no longer very own them any money it won't result you by employing any means.

Answer 3

Your bank account has absolutely no impact on your credit score. Close the account now.

Answer 4

nope, closing a Credit Card account might .. so if you're not using a crad anymore best thing to do is just keep it active lol