Question: Banks close about five million checking accounts every year. It can be difficult for someone with a closed account to reestablish an account at a
Banks close about five million checking accounts every year. It can be difficult for someone with a closed account to reestablish an account at a later time. All of the following factors are likely to prompt a bank or credit union to close a checking account except:
making several deposits and withdrawals every month.
consistently mismanaging the account.
being unable to pay an overdraft fee.
writing bad checks.
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C being unable to pay an overdraft fee If you do not pay back an unauthorized overdraft the... View full answer
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