ST Alpha - "I would go ahead and close it. " (Reading a Post)

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In response to "Is there any reason not to close a bank account? credit score reasons, etc.?" by Dano

I would go ahead and close it.

Posted by spamlet Oct 20 '12, 07:13

You'll have to go to a BofA branch and have them actually close the account. They'll give you a check for the balance in the account.

If you just suck the money out and leave a zero balance the account will still be open and BofA is notorious for levying fees on dead accounts and then sending you to collections over them.

Even after you close it, make sure to read every piece of mail from them. There have been reports of zombie accounts that reanimate and get hit with fees. If you have documentation you closed the account they *should* waive the fees if this happens.

Responses:

Worst. Halloween costume. Ever. -- nm - Mobile Spawn Oct 20, 08:58 1
- Feeeeeeeeeees! -- nm - zombie BoA account Oct 20, 09:08
Those sorts of things are what I'm concerned about. Plus there are no branches near me. - Dano Oct 20, 07:52
But be aware if they issue a check for the balance they'll most likely charge a fee for that. - MorbidMeg Oct 20, 07:47 1
- *charges you a fee for being aware* -- nm - BoA Oct 20, 08:51

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I would go ahead and close it.

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