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#215254 - 07/25/04 11:23 PM closed account fees

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

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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

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

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

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#215258 - 08/06/04 10:07 PM Re: closed account fees
Andy_Z Offline
10K Club
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.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#215259 - 08/07/04 10:30 AM Re: closed account fees

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.

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#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.

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#215261 - 08/10/04 01:18 AM Re: closed account fees
Banker Boy Offline
Banker Boy
Joined: Oct 2003
Posts: 69
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.

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