Take the 2-minute tour ×
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It's 100% free, no registration required.

In the US, will closing a bank account negatively affect your credit score? I've had it with my bank and I'm thinking of moving my money to a smaller Credit Union. Would this affect my credit score? The current account is the one I've had open the longest. I would close both a checking/savings account and re-open them with a local CU.

share|improve this question
add comment

2 Answers

up vote 6 down vote accepted

FICO Score

FICO score tracks credit, not checking or savings. Unless there was a credit line attached, no impact at all.

share|improve this answer
    
There are agencies that track checking accounts, but generally they only track accounts that were closed for fraud or account abuse. –  Benjamin Chambers Oct 28 '11 at 6:15
add comment

Not at all, no effect whatsoever.

share|improve this answer
add comment

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.