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New Member
Posts: 2
Registered: ‎08-03-2007
0

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?

Thanks
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
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Re: Close / Closing Checking Account - does it hurt your Fico

Checking accounts are not reported to CRAs. FYI.. You may get an Inq when opening a new account.
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007
0

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.
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9.4.2011: TU 805. EQ 815.
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