Audio Godâ„¢
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Yep. |
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G-Spin2k1
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Yes they can, especially if they think you're a dead beat. It also depends how much you owe them. Usually if the amount you're in the negative is less than $400-1,000 and the majority of it was just bank finance charges. they can write those off as a loss, and just close your account because it costs more for them to deal with you then to actually try and get the finance charge money from you. if you end up paying all the fees on time, they probably won't close your account because then..your profitable to them. |
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wizjp
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Check your agreement; I'm betting they can. |
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michaelyoung_airforce
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absoulutely! |
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trhlz
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yes my mother is actually starting a bank. however they cannot close it without sending you a letter a few weeks prior to the closing of the account. Accounts can also be closed if they go "inactive" meaning money has not been taken out or put in. for the account to go inactive it can take years or months depending on bank or type of account. once again they still have to send you a letter |
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f f
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Of course it can. |
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BMW BFD
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Yes, a bank can close an account, I don't know if they will do it to you or not... |
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§ gαввαηα §
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Yes i think they can, im not sure if they can for your personall reason but they can somehow yes! |
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whatevit
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YES: Due to in activity, Due to not enough funds. The conditions are in fine print on the account agreement form. |
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D S
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Yes, something is wrong with the people that you are dealing with. Before you accept checks from them people you need to do some homework. You can buy a machine to verify that the checks that you are depositing have funds. Who is your financial consultion? How long have you been in business?
I would suggest that you go to the bank and talk to the Financial Manger and see what you can do to prevent this from happening again.
DO NOT ACCEPT PERSONAL CHECKS FROM ANYONE IS ONE WAY TO KEEP YOUR ACCOUNT WITH POSITIVE CASH FLOW. I would only accept credit cards and purchase a small verifying machine that debit the account at the time of purchase. |
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ADMAN_LJ
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Most certainly yes. They may also seek collections as well. The last thing you want is to be on chex systems registry. That can really screw you for five years. |
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kja63
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The bank must love you because for every check you bounce, they collect a wad of money from you!
As for your question about the bank closing your account, read the terms they gave you when you opened it. |
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Blunt Honesty
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They can if you don't pay the penalties. |
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john b
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Absolutely yes they can, now you have become a risk factor. |
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Sweet!
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Yes they can, better fix that negative bablance, stat! |
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♥ Sparks♥
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yes they can close your account. When you said you have had 4 NSF checks, were they ones you wrote or ones that were written to you? If they were ones that were written out to you, they will just subtract that money from your account and charge you a fee, if they were ones you wrote, then you can avoid the account being closed by bringing the account balance back to positive. They should send you a letter before they close the account telling you that you have x number of days to correct the deficit though. Check the agreement from when you opened the account. |
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vegas_iwish
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can anytime they want to |
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naserq2
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yes
one fact
if there is no movement for a certain period of time |
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