Having a feeling that your bank account is closed, looking for an answer to how do you know if your bank account is closed, you’re at the right place as I will guide you through on how to know if your bank closed your bank account.
Before going further into the post, I want you to know that there’s a difference between a frozen bank account and a closed bank account.
Some bank customers do mistaken a frozen bank account for a closed bank account, in the real sense the two differs.
When a bank account is frozen, only debit transaction is restricted from occurring, while credit transaction can happen. That is, you can send, transfer, or deposit money to a frozen bank account but you can’t withdraw the money or use it to pay bills.
This is why I said only debit transaction is restricted in a frozen bank account.
In a closed bank account, money can’t be deposited or transferred to the closed account. Even if someone makes a mistake and pays in money to the closed account, bank will reverse the money back to the sender’s bank account.
Once a bank account is closed, all the personal data or information of the user is removed from the bank database. This case is different from a frozen bank account.
If a bank account is frozen, the user’s information or personal data is still stored in the bank database, and the user can still access the account. The only restriction is that the user cannot make a debit transaction with the bank account.
Know this bank cannot close a customer’s account without informing the customer, and also stating the reason for doing so.
I’m yet to see where a bank closed their customer’s bank account without informing the customer about it, and also stating the reason for that.
However, if maybe you feel that your bank account is closed, and you don’t know about that or your bank didn’t inform you about that, I’ve listed the things that indicates that a bank account is closed and no longer existing.
Now let’s move on to the main topic on how do you know if your bank account is closed.
How do you know if your bank account is closed
If your bank account is closed, below are the things that will indicate that your account is no longer existing.
1. Failure to check account information
This is the first and foremost to check out if you believe or have the feeling that your bank has blocked your account. Try to check your bank account information.
The account information I’m talking about is the account balance or even your bank account number. If trying to check your account information and an error displays, it is an indication that the account number is no longer available, and probably has been closed by the bank.
If you’re using your bank mobile app or online banking, try to access your account using the bank mobile app or the internet banking. If you can’t login to your account, or an error pops up, it is an indication that your bank has closed your bank account.
I’ve previously closed one of my bank account, if I try to access the account, all I’m getting is that the account number is invalid kindly go to the nearest branch around you.
Once a bank account is closed, the account number along with the personal data or information is removed from the bank database. So if you try to access the account number, you will be seeing an error message.
Not being able to view your bank account information or data is one typical indication that a bank customer’s account is closed by the bank.
How do you know if your bank account is closed?
Not being able to view your bank account information.
2. Debit and credit transaction not going through
This is the second indication that a bank account is closed, not being able to transact with the bank account.
You can’t make a debit transaction on the said account, and also can’t receive money or credit transaction on the account. If someone pays money into your account, it bounce back to the sender’s bank account. If you try to transfer, send money or pay bills with with the account, it fails and shows error message.
It is one of the indication that your bank may have closed your bank account. If credit transaction is going through, but debit transaction isn’t going through, it may that your bank account is frozen.
How do you know if your bank account is closed?
Not being able to do transactions on the account, both debit and credit transactions fails.
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3. How do you know if your bank account is closed: Bank messages will stop
This is the least indication that your bank account is closed, if you’re no longer receiving messages from your bank anymore.
You have been receiving messages from your bank, and suddenly you no longer receive messages from them. Many a time it is not caused by a closed bank account, it may be because of a technical issue.
However, if you no longer receive bank messages or alerts, debit and credit transactions fails, and you can’t access your bank account information through mobile banking or online banking, it is a clear indication that your account is closed.
How do you know if your bank account is closed?
Not receiving alert or messages from your bank, debit and credit transactions not going through, and can’t access your bank account information.
4. Debit/credit card will stop working
How do you know if your bank account is closed?
Immediately your bank account is closed, all your debit and credit cards linked to the account will stop working. You can’t use the cards anymore to pay for bills, or do a money transfer.
The cards will be completely be invalid and of no use to you anymore.
If you have a business account with your bank, and have a POS device with them, the POS device will also stop working as it is linked to your closed bank account.
How do you know if your bank account is closed ?
All debit cards, credit cards and POS device linked to the closed bank account will be invalid and stopped functioning. They will be of no use as the bank account linked to them is no longer available in the bank database.
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What to do
Kindly contact your bank immediately.
You can give your bank a call by reaching out to the customer service representative, and inform them about the issue you’re having with your account. If truly your account is closed, they will then inform you about that.
As you and I know that bank cannot just close a customer’s bank account like that, there must be a very serious issue that made them to do so.
But I want you to know that bank will never close a customer’s bank account without informing the person.
I’m yet to see where a bank closed a customer’s account without first informing the customer prior to the account closure. So if your bank account is closed, they must have first informed you before closing your bank account.
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Major reason why bank close a customer’s account
Too many fraud disputes filed on your account.
If a particular bank account received lots of dispute over fraudulent activity, bank may decide to close the said account to save their face. However, before they will do this, they will first inform the account owner (customer) that they are closing the bank account over this reason.
Bank will never close a customer’s account without stating the reason for doing that, and they will also inform the customer about it.
Another reason for bank to close a customer’s account is due to overdrawn account or consistently overdrawing your account. Though this case is very rare to see.
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How do I know if my bank account is closed?
To know if your bank account closed, you can’t check your account information, use mobile banking or online banking, debit and credit card will be invalid, you will no longer receive messages from your bank, etc.
This goes the same if your looking for how do i know if my Chase account is closed.
Does a bank have to notify you if they close your account?
Absolute yes, bank must notify the person before closing the person’s account.
It is mandatory that before a bank closes a customer’s bank account, they will first notify the customer, and also state the reason to close the customer’s bank account.
All through my years in the banking sector, I’m yet to see where a bank closed a customer’s account without first informing the customer about that. It is against the ethics of the banking system.
A customer can sue a bank for closing his or her bank account without informing her, and also stating the reason for the account closure. If a bank does such thing, they definitely pay a huge fine even if they had a valid reason for closing a customer’s bank account.
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This is why I’m bit of surprised when I saw this question how do you know if your bank account is closed.
