To prevent any possible malicious activity, a financial institution will suspend activity. A bank may think your bank account has been hacked if it notices you're making big purchases and you haven't responded to bank notifications. Significant overdraft fees keep piling up. If you avoid paying overdraft fees, a bank may decide to close your account since it's uncertain whether your account is safe.As a result, it will close your bank account and contact you to return any money deposited in your account. According to the Office of the Comptroller, financial institutions might consider a bank account abandoned if it hasn't been used for three to five years. Your account has been inactive for a long time.Why a bank might close your bank accountĪ bank may decide to close your bank account if any of the following circumstances take place: If a bank account has closed your account, here are a few steps to take so that you'll resolve any potential issues and avoid this situation in the future. Involuntary bank account closures usually occur when a financial institution detects unusual activity in a bank account. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our
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