Close / Closing Checking Account - does it hurt your Fico
Sorry if this is covered somewhere - I searched and couldn't find anything.
I'm considering consolidating my accounts to a single cash/near-cash account. As such I'd like to close my Netbank and Citi depository accounts. Both of these account have been open for about 4-5 years, but neither of them have any credit associated with them. I don't see them on the MyFico report. Will it hurt my score to close these?
Re: Close / Closing Checking Account - does it hurt your Fico
If you bounced checks, you may be reported to another consumer reporting agency such as ChexSystems https://www.consumerdebit.com/consumerinfo/us/en/index.htm but as Tusc says your checking info is not reported to the credit reporting agencies (TU, EQ, EX) and has no effect on your FICO score.
----------------- Bartender, bring another round of FICOtinis please!