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.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .