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Posted in Banking
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Question By
ttka

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closing my bank account
will my score rise, drop, or stay the same if i close 1 of my bank accounts? i dont use it as much anymore, plus they're taking a little bit of money each month. any help??

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I am not sure but i think that you bank account info is not taken into consideration

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Make sure the account is fee free.

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Assuming you are talking about credit scores, closing a bank account will have no effect since the information on your bank account is not reported to credit bureaus. If you are paying fees for an account that you no longer need, transfer the money elsewhere and close the acconut as soon as possible. 

The one instance that your credit score can be affected is if you have a negative balance (for example, from an overdraft) for a prolonged period of time. If this is the case, the bank could bring in a debt-collection agency to collect the amount that you owe. This action will appear on your credit report and it will decrease you credit score. 

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