i was banking with bank of america for two years now, and like a dummy i was signing up for diffrent things through the bank and now they wont stop withdrawing money out of my account which is causing overdraft fees i still owe a balance from them drawing out money will i still be able to cancel the account?
2007-09-15 07:28:39 · 4 answers · asked by jameela_riley 1 in Business & Finance ➔ Credit
You should READ what you sign very carefully.Once the balance owed is payed then close the account if you so choose.You signed up for something and the bank is doing what you authorized it to do.
2007-09-15 07:38:36 · answer #1 · answered by sirmrmagic 6 · 0⤊ 0⤋
You can close the account but you will have to pay the negative balance. Banks will usually work out a payment plan if it is a large amount of money. You want to make sure that you pay the balance before they report you to Chexsystems. Once you have been reported there it stays on there records for 7 years, and you will be unable to open a free checking account at any other bank. You will still be able to open an account but will be charged a monthly service fee.
2007-09-15 07:38:45 · answer #2 · answered by vegas_vixen24 2 · 0⤊ 0⤋
Go to the bank. Cancel all the stuff you signed up for -- I didn't know BOA had a bunch of services that deducted from your account. Pay whatever the negative balance is, then close the account.
If you don't take care of this, BOA will report you to Chexsystem and you will not be able to get another bank account anywhere.
2007-09-15 07:38:17 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋
oftentimes while somebody below 18 opens up an account, a parent or mum or dad is mandatory besides as a style of "cosigner" on account that minors won't be able to enter into legal contracts. So in case you opened the account with out your mom or dad additionally signing some thing, it is not any doubt one among the clarification they closed it. They don't have opened it interior the 1st place inspite of the undeniable fact that and that they might desire to have given you a greater effectual reason for why they closed it. yet on account which you're turning out to be your funds back, there is no longer something you're able to do.
2016-12-13 10:00:10 · answer #4 · answered by hokenson 4 · 0⤊ 0⤋