5

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.

6

FICO Score

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

  • 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
4

Not at all, no effect whatsoever.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

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