Can a bank close an individual's account without warning?

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Can a bank close an individual's account without warning?

If so, on what grounds. And, if they can with notification, what are the possible causes for such an action?

2007-12-03 13:52:57 · 4 answers · asked by crazeehelper 2 in Business & Finance ➔ Personal Finance

4 answers

yes if you keep writting nsf checks!!!

2007-12-07 06:09:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Banks may close deposit accounts without any notice for any reason.
Generally, they do this when an account is repeatedly overdrawn or if they have noticed what they deem to be repeated suspicious transactions.

2007-12-03 14:56:52 · answer #2 · answered by Matt K 4 · 0⤊ 0⤋

Read the agreement you signed when you opened up the account.

2007-12-03 14:31:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋

I've heard they will do it with people who repeatedly write bad checks.

2007-12-03 14:11:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋