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Involuntary Bank Account Closure: How to Avoid It


Imagine you're in your tax collector's office, preparing to pay property taxes. It's not a task you love, but you're grateful to have the money to cover the cost. You run your debit card, only to be told there are insufficient funds in your account. It's only later, after you've called your bank, that you learn your account has been involuntarily closed.

While there are many reasons a bank has the right to close out your account, here are some ways to avoid the most common ones.

Image source: Getty Images.

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Source Fool.com


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