 TITLE: Does Closing an Account Hurt your Credit? CONTENT: Does Closing a Bank Account Affect Your Credit?\n-----------------------------------------------\nBank account information is not part of your credit report, so closing a checking or savings account won't have any impact on your credit history. However, if your bank account was overdrawn at the time it was closed and the negative balance was left unpaid, the bank can sell that debt to a collection agency. The company that buys the debt can then report the collection account to the credit reporting companies, which could cause scores to plummet.\nWhen closing a bank account, you should contact your bank to ensure that all withdrawals have cleared, and that no money is owed. Take inventory of any pending payments that may not have cleared yet. Make sure to cancel any automatic payments you have set up before the account is closed. END