Banks close about five million checking accounts every year. It can be difficult for someone with a

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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 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.