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Customer Writes Check from Bank A/Deposits Bank B

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We have a customer who writes checks from his account at our bank (Bank A) and deposits them at Bank B. The account is overdrawn every morning. He then wires money from Bank B back to Bank A to cover the overdraft. The account is not being used as a business operating account. Each day the amount involved gets larger. How should we address this? Is there a specific Regulation we can site for closing the account?

You don't need to quote them anything. Your depositor's agreement is going to reserve the right to close the account at anytime for any reason. No need to tell them anything, accept adios.

First published on 11/24/2019

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