Wanting to close a checking account and overdraft protection. how would that affect my score?
Hello everyone, I have a dilemma... When I first opened a Citibank EZ Checking account years ago, it was a very fee-free account. No minimum balance req, no monthly fees as long as you make two bill payments per month from your account. Well, over the last year this has changed, and my account is subject to monthly fee charge if average daily balance of $1500 is not met : ( I also have a small line of credit linked to this account. This used to be that we pay a small annual fee and it will cover for accidental overdrafts, and you will just pay the interest on whatever amount you overdrafted. This also changed over the last couple of years. Now, they charge you $10 every time you over draft, plus they automatically transfer a sum rounded to the $100s to your checking and charge APR over that amount instead of the amount you actually went overdraft, so even if your overdraft was only $2, you are still paying APR based on $100. I have been unhappy with this new policy for a while now and have been pondering about ending business with this bank. However, couple of circumstances concern me
Categories: General Credit Tags: account, Banking, checking, creditcards, minimum-balance, opinion, over-the-last, overdraft, picture, recently-bought, revolving
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Categories: General Credit Tags: creditcards, creditcards-com, erica, erica-sandberg, fico, fico-score, latest-story, perfectionists, purpose, the-850, the-purpose, work-very