What Are the Benefits of Closing a Checking Account?

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What Are the Benefits of Closing a Checking Account? – This is a place for the community to provide tips and advice on What Are the Benefits of Closing a Checking Account?. This topic was created by alessandro ferretti and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Does Closing a Bank Account Hurt Your Credit?

Published: 9 years, 5 month(s) ago | Submitted by op A 87 | permalink

Thinking about switching banks? Find out if closing a bank account can hurt your credit.

For further reading: http://www.quickanddirtytips.com/money-finance/saving-spending/does-closing-bank-account-hurt-your-credit ^[1]

Tip 2 - Will a Bank Close a Checking Account If it Is Negative for Too Long? | The Classroom | Synonym

Published: 9 years, 5 month(s) ago | Submitted by Randy Cech | permalink

Banks offer checking accounts to give you a place to keep your money between when you get it and when you need to use it. Your checking account lets you pay your bills, go to a movie, or even give ...

For further reading: http://classroom.synonym.com/bank-close-checking-account-negative-long-5969.html ^[2]

Tip 3 - Should you close old bank accounts? And what happens to lost accounts?

Published: 9 years, 5 month(s) ago | Submitted by Bill Sims | permalink

Is it worth ditching those old current accounts or should you keep old lines of credit open just in case? Read This is Money's guide to find out.
Tags: Should,close,old,bank,accounts,And,happens,lose,track,one

For further reading: http://www.thisismoney.co.uk/money/saving/article-2615744/Should-close-old-bank-accounts-And-happens-lose-track-one.html ^[3]

Tip 4 - Why You Should Close Your Savings Account

Published: 9 years, 5 month(s) ago | Submitted by Nathalie BRUGE | permalink

In this new age of banking, online checking accounts top the interest-earnings food chain.
Tags: Dodd-Frank Act,Odysseas Papadimitriou,Consumer Financial Protection Bureau,CardHub,online checking account,WalletHub,Credit Card Accountability Responsibility and Disclosure Act,savings account,personal finance,savings,banking,debt,investing,money

For further reading: http://money.usnews.com/money/blogs/my-money/2014/02/20/why-you-should-close-your-savings-account ^[4]