Skip to content
BOL Conferences Top Gun 23
Learn More - Click Here!

Thread Options
#215254 - 07/25/04 11:23 PM closed account fees
Anonymous
Unregistered

I am curious if many banks charge a fee if customer closes out account within a certain number of days?

Return to Top
Operations Compliance
#215255 - 07/26/04 01:31 PM Re: closed account fees
Tricia Offline
Gold Star
Joined: May 2004
Posts: 458
Smack dab in the middle of IL
We don't charge a fee if a customer closes an account within a certain number of days. Although, I have heard of other banks doing this...I think one bank in town charges a fee of $15.00 if the account is closed within the first 30 days.
_________________________
Life is the willingness to be yourself and live in harmony with others. - Dr. Cherie Carter-Scott

Return to Top
#215256 - 07/29/04 04:56 AM Re: closed account fees
Strategery Offline
100 Club
Strategery
Joined: Jan 2004
Posts: 125
Snow Country
We charge $50 if closed within first 6 months.

Return to Top
#215257 - 08/06/04 09:08 PM Re: closed account fees
SHORT STUFF Offline
Member
SHORT STUFF
Joined: Feb 2004
Posts: 67
WISCONSIN
We charge $10.00 fee if closing the account within 90 days of opening.

Return to Top
#215258 - 08/06/04 10:07 PM Re: closed account fees
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,590
On the Net
These fees are common. In some cases they are meant to dissuade the check casher from opening an otherwise bogus account. You put a lot of time into opening and programming. I think this fee is earned. It can be waived if circumstance are deserving.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top
#215259 - 08/07/04 10:30 AM Re: closed account fees
Anonymous
Unregistered

We charge 50$ if a customer closes their account within 180 days of opening it. Personally, I think that is a little steep but that is our policy.

Return to Top
#215260 - 08/09/04 06:27 PM Re: closed account fees
Bankerette Offline
100 Club
Joined: Jan 2003
Posts: 126
South of Canadian Border
We charge $15 if new account has been closed within 90 days of opening the account.

Return to Top
#215261 - 08/10/04 01:18 AM Re: closed account fees
Banker Boy Offline
Member
Banker Boy
Joined: Oct 2003
Posts: 69
Florida
We charge $25 within the first 6 months. However, we waive the fee if they are transferring the funds to another type of account (ie: checking to savings) or if they have other accounts beside this one.

Return to Top

Moderator:  Andy_Z, John Burnett