Comments on: Does Closing a Bank Account Hurt Your Credit Score

By: aua868s

aua868s — Tue, 01 Dec 2009 08:56:51 +0000

was always worried that closing a bank account would impact my credit score..thanks for the insight

By: Robert

Robert — Fri, 20 Nov 2009 01:07:59 +0000

What led me to this site. On AOL news they have a list of things that will hurt your credit score. Number one on the list, is if you close an account it immediately drops 100 points off your credit. Ok, either this site is lying or AOL is lying. I lean toward AOL lying, but I have never personally checked this out. However, my credit score is over 720 and I closed 5 accounts in the past year. Wouldn’t his make my credit score 220 now minus any dents I put in my credit by other means?

By: Enno

Enno — Wed, 18 Nov 2009 22:58:55 +0000

Thank You for writing this article. it was helpful!

By: John DeFlumeri Jr

John DeFlumeri Jr — Fri, 02 Oct 2009 01:37:23 +0000

Why would that do anything, especially the way people criticize banks now-a-days.

By: eric

eric — Wed, 30 Sep 2009 22:46:06 +0000

I’ve known about Chex for years but haven’t run a report. I doubt there’s anything on it (judging from recent account openings) but I should get one regardless.

By: daemondust

daemondust — Wed, 30 Sep 2009 21:49:34 +0000

Pages like annualcreditreport.com really need to point out these specialty report companies. Most people know about the “big 3″ credit reporters, but have no idea what other groups are keeping data on them until it’s used against them.

By: zapeta

zapeta — Wed, 30 Sep 2009 17:53:11 +0000

Yeah, I wouldn’t care if my credit was dinged for closing a bank account. I’ve closed two in the last 6 months and its worth it to simplify things.

My banking history is pretty spotless, so I don’t think opening/closing a few accounts would prevent me from getting one in the future.

By: Ann-Marie

Ann-Marie — Wed, 30 Sep 2009 17:21:14 +0000

Great question to address Jim. I just learned about the ChexSystems – the “black list” of bank accounts if you will – and it’s definitely not a list you want to be on! If you do find yourself on it, however, there are alternatives to a checking account. A pre-paid credit card, for example, allows you to set up bill-pay, pay for purchases electronically and use it anywhere just like a debit card.