How do you close a Bank of America account?
1. Go to a Bank of America branch.2. Tell them you want to close your account.If your account has a zero balance, you may be able to close the account over the phone by calling Bank of America customer service (the number on the back of your debit card).If you have a balance, they will give you a cashier's check or cash. If you have a negative (overdraft) balance, you will have to make deposits to remove the negative balance before you can close the account.
Will Bank of America or TD bank open a checking account in Chexsystems if the deposit is 20k?
I had some issues in the past with over drawn checking accounts in the past and i'm now in Chexsystems. I recently found out i'm getting 20k from an inheritance and would like to open a savings and checking account, will Bank of America or TD bank let me open those accounts because i'm investing that much money with them?
If Bank of America closes my account (the day after I opened it) will that make it hard for me to join another bank?
This happened to me couple months ago.I am with bank of america from 2009. I have checkings account, savings account and 3 credit cards. I have direct deposits depositing from 2009.FF to few months ago: All of a sudden there was a transaction of 1500$ (Mobile deposit of check) in my account. They right away called me and told me that they have closed the account for undisclosed reason. I called them million times to get a reason and all I got was undisclosed reason. I took an appointment with a manager at a BOA location to find out what was going on. He went into my account and told me that my checking account had a fraudulent transaction fro a suspicious overseas location and while signing up for account, there was a small imprint that states that BOA has the right to close account with out specifying any reason if they feel insecure.So, my account is closed and the remaining balance in my checking and savings account were sent as a check and online banking for checking and savings are closed. I still have my credit cards.I took another appointment with a manager to see if they can open another account, he said right on my face that there is a Wells-Fargo next door to open a checkings or savings account, but we cannot open any account for you for this life. I was able to open account at wells with out any problem.BOA will not send any report to any other banks to open account, so you will not have any problem opening account with other banks.
Should I pay my debt on a charge-off account in Bank of America? I haven’t lived in the US for 7 years. They just emailed me offering to settle the debt by paying 30% of the total.
They are bluffing.The statute of limitations will run out shortly, or has already run out, if you have made no payments for seven years.I do NOT advocate welching on debts, because I would be rich if everybody that owed me money suddenly all paid on the same day.The bad thing about settling for 30 cents on the dollar, is that you get reported to the IRS for the balance that is forgiven. Yep!The finks rat you out to the Feds, and THEY don’t take “no” for an answer. You see, you owe TAXES on that money that you didn’t have to pay back.Now, the case is that if you don’t pay AT ALL, you will owe even MORE in taxes.However, given that they will be forced to write off the balance after 7 years of no payments whatsoever, (send in even a nickel, and you reinstate the debt, giving them another 7 years to legally collect the balance), and then will send the IRS a notice (1099 C) that will almost certainly cost you money, (there is some provision for being destitute when 1099ed, but I have no experience with that yet), why not just keep the 30%, and when the Feds demand their share, send them the money they ask for, by using the 30% money you saved?Anyhoo, it is a thought!Another point, once the statute of limitations runs out, your credit report will no longer show this item, and it will no longer affect your credit record in any way.Just remember, you PAID 24% interest for years before you gave up. How much do the bloodsuckers really deserve of your hide?On the other hand, I have read many stories of people who filed bankruptcy, relieving them of ALL of their debts, and then paying EVERYBODY every last cent anyway! Honor is worth something, evidently!
If I owe money at Bank of America on checking account?
Bank of America closes all accounts that have been overdrawn for 90 days and reports them to Chexsystems. So, if its been 90 days, you might have a hard time opening another account. If you do open another account somewhere else, it is very unlikely that they will take any money out of your new account. I used to work there and had people who owed money for years and never had anything taken out of any other account.
Why would Bank of America have suddenly closed my account without telling me?
There are multiple potential causes of this, and I will name all that come to mind due to the ambiguity of your question. And, as previously mentioned, they must have tried to contact you at least once, it is possible you just didn’t receive their attempted electronic (or other) communications.One reason, that I don’t believe anyone here has yet mentioned, is something called minimum balance. Lots of bank accounts require you have a minimum amount of money in them, be it as low as $25 or as high as thousands. If you do not have their required minimum balance in your account, they may close your account.Second, as previously mentioned, is for suspected illegal activity. If they truly did not notify you or at least attempt to, then they may have, incorrectly or not, suspected your account of being associated with illegal activity.Another potential reason, if you had money in the account, is that you owed them money, be it for a car loan, personal loan, mortgage, etc. The IRS can also close your account and/or freeze your assets if you owe them money for taxes.One reason that is on the more frightening side is identity theft. Someone may have stolen your aspects of your identity (passwords, social security number, signature forgery, etc.) that would have granted them access to your account, and they liquidated it/shut it down. No one likes to consider this option, but I want to cover all possibilities. Go over the last few days/weeks in your mind, and consider if you have done anything, especially on the internet, that would have opened you up to identity theft. Think about if you entered crucial passwords or PINs over public Wi-Fi, clicked on a bad link, entered personal information on an unsecure site, etc.These are all the potential reasons that come to my mind as to why your account may have been shut down. As an added note, remember to always stay safe online, because even if you weren’t the victim of identity theft, it is always possible in the future, and it can have truly terrible consequences.For more, please visit my website: Investing Made Easy | Home.Hope this helps.
Bank of America premium account - downgrade?
Preface: I hate banks and their tricks. Never trust that a bank is doing what is best for you. They could care less about you. They are out to make profits. You can do all this by phone. But first choose the account you want. Read every single fee and take notes. Know that you are getting less than 1% currently. Insane to let them abuse you this way. Insane. PLUS, you should never, ever keep that large of a balance in a checking account. You are plastering yourself for a fraudster to take full advantage of you. They can take everything in your checking and banks basically offer no fraud protection. You can down grade to enhanced. Only 2,000 a month minimum. Any lower will charge you monthly fees. All on their site. Do not walk into the bank without knowing every single detail. They will eat you up alive. Honestly, I would switch you a credit union. Open that account and a month later close that bank of america account.
I owe bank of america $3,000 due to a closed checking account, Can they take my money from another account?
I had a savings account with bank of america, it was closed due to a negative balance of $3,000 due to a check bouncing. I just applied and was approved for a checking account with them. Can they take the money from that account to cover the $3,000 i owe them? Please if you dont know for sure dont answer, thanks!
Say I steal 2 cents from every bank account in America. I am proven guilty, but everyone I stole from says they're fine with it. What happens?
A case like this actually happened in the 1960s. A programmer working on Wall Street opened an account and wrote a program that funneled all the forgotten mills rounded off of each penny into his account. It seemed like he was stealing nothing. It turns out that a weakness in binary systems makes it difficult for them to convert 1 penny correctly so they round up or down. There are often thousandths of a cent that are then ignored and few people, if any, on Wall Street look at the penny column. It was absolutely invisible. But those thousandths of a cent, multiplied by millions of daily transactions add up. He was caught by the sheer size of the numbers that were being generated.He was prosecuted not because anyone cared about those fractions of a cent (they didn’t) but because he was stealing and stealing is against the law.When you steal something it doesn't matter what the victim thinks. The state is obligated to prosecute. The statutes don't often say, "He broke the law but it's ok because his victims don't care". The statutes, while they may take the scale of the injury into account, must prosecute you for breaking the law because "Justice is blind". It's a one size fits all approach, for better or worse.In reality we know what really happens and there are plenty of ways for justice to be derailed long before the judge bangs the gavel and pronounces a sentence, but the theory still applies. It doesn't matter what the victims think. Actions have consequences and you broke the law.
My checking account at bank of america was closed?
You need to go into the branch directly and straighten the situation out. Most likely, they will have you pay cash and give you a reciept showing the account was closed at a zero balance. If you owe it will go on your credit report and may be already. Hold onto the information showing the account was settled. It may prevent you from opening future accounts even at other banks if you owe. The bank just wants you to make good on your debt to them.