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sonusfaber 
LSU Fan
Baton Rouge
Member since Apr 2010
2221 posts
| Closing a checking account (Posted on 4/7/12 at 3:05 pm)
Wanting to close a cap one free checking account. They state it will close 5 days after maintaining a zero balance. I want it to close in one visit to a branch, draw out balance, end of story. Can I do this on my terms? Any advice?
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Degas
Member since Jul 2010
4796 posts
| re: Closing a checking account (Posted on 4/7/12 at 4:14 pm to sonusfaber)
I had no idea they closed accounts with a zero balance until a few years ago when I had reason to take out all my cash, but didn't intend to close.
Was I surprised.
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foshizzle
LSU Fan
Member since Mar 2008
25129 posts
| re: Closing a checking account (Posted on 4/7/12 at 4:18 pm to sonusfaber)
You can withdraw all the money but the account won't close immediately, the bank wants to leave it active in case there's additional activity (interest earned for the month, another check comes in, etc.).
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sonusfaber
LSU Fan
Baton Rouge
Member since Apr 2010
2221 posts
| re: Closing a checking account (Posted on 4/7/12 at 5:34 pm to foshizzle)
quote:
the bank wants to leave it active in case there's additional activity (interest earned for the month, another check comes in, etc.).
I know and I don't want that; hence the question. Can I close it in one shot, boom , done?
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foshizzle
LSU Fan
Member since Mar 2008
25129 posts
| re: Closing a checking account (Posted on 4/7/12 at 5:53 pm to sonusfaber)
Doubtful.
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Miles4Heisman
Member since Mar 2012
9 posts
| re: Closing a checking account (Posted on 4/8/12 at 1:00 am to sonusfaber)
I closed out a checking account from CapOne in August by going to a branch and having it closed out. It took 5 minutes.
Why wouldn't you be able to?
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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16383 posts
 Online
| re: Closing a checking account (Posted on 4/8/12 at 6:04 am to sonusfaber)
Why do you want this?
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NC_Tigah
LSU Fan
Member since Sep 2003
40184 posts
Online
| re: Closing a checking account (Posted on 4/8/12 at 6:04 am to sonusfaber)
quote:
Can I close it in one shot, boom , done?
I cannot imagine a bank doing that. Further, whether it's closed immediately, or in 5 days should be transparent to you? Transparent to the extent many banks will tell you the account is immediately "closed" even though it technically isn't for a few days.
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RollTide4Ever 
Alabama Fan
Nashville
Member since Nov 2006
8123 posts
Online
| re: Closing a checking account (Posted on 4/8/12 at 8:18 am to NC_Tigah)
It'll affect your credit.
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THEphenom
LSU Fan
Baton rouge
Member since Jun 2006
640 posts
| re: Closing a checking account (Posted on 4/8/12 at 8:35 am to RollTide4Ever)
Some of the info in this thread 
Also, it will not hurt your credit score.
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NC_Tigah
LSU Fan
Member since Sep 2003
40184 posts
Online
| re: Closing a checking account (Posted on 4/8/12 at 8:38 am to RollTide4Ever)
quote:
It'll affect your credit.
How so?
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ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5769 posts
| re: Closing a checking account (Posted on 4/8/12 at 9:50 am to NC_Tigah)
quote:
quote:
It'll affect your credit.
How so?
The only way that I can see this happening is if he closes the account, an item comes through and the bank reports him to chex systems.
But I don't think that even shows on a credit report. It would just prevent him from being able to open another checking at another institution.
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