A BANKING customer took to Reddit to express their frustration with their experience with a big name bank.
Two different banks closed the user’s accounts, and apparently did so without notice.
A negative balance is also called an overdraft, and occurs when you make payments but you don’t have enough money in your account to cover them.
The user mentioned that they proceeded to open a new account with Bank of America, but that the account was closed a day later.
They wrote: “Where can I bank without risking my account closing? What can I do to prevent this from happening again?”
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REDDIT TO THE RESCUE
Many users chimed in on the situation.
One user explained why the Chase account was closed, and without notice.
They wrote: “If an account is at or less than $0 for a certain period of time, they’ll charge it off and close the account.”
They also explained why the Bank of America account was closed shortly after it was opened.
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Their comment said: “Chase likely sent the info to a consumer reporting system – could be Chex, EWS, or perhaps both, about the account misuse that led to the closure.”
The Reddit user offered advice on how to remedy the situation.
First, they advised to clear things up with Chase by paying any money owed.
Then, they advise to “request a Chexsystems report and/or an EWS report to see if there’s a mark. If Chase did indeed report this, and you’ve made good on the account, request that they also remove the issue.”
However, they caution that the original poster may not be able to bank with Chase again.
They wrote: “Some banks don’t like to take on a customer who has done this previously, even if they ultimately cleared things. As a consequence, Chase probably can’t do anything with your paycheck, you’ll need to pay them with cash.”
To get cash for their check, they suggest heading to Walmart.
“I don’t know their limits, and you might have to pay a small fee. You can also take it to the bank it’s drawn on if there’s a location near you, though again that bank may charge you a small fee.”
For an easier option, they suggest asking a friend to lend you the $10.
Read the full thread here.
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Read about why Chase is closing 24 of its branches in the next few months.
Also read on another account holder whose Bank of America credit card accounts were closed for no reason.
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