Geo Restricted Banks and moving

[Anonymous]

Has anyone had their credit card or bank account closed by the issuer when they moved to a new state where the issuer doesn’t issue accounts?

[Anonymous]

Seems unlikely as long as you remain in good standing. What bank?

[Anonymous]

Key Bank, Union Bank and Bank of the West

[gdale6]

Key and BOW a definite no and as stated as long as you are good with any geo bound bank unlikely you will be shut down.

[Anonymous]

I would think in most cases the explicit language is on restrictions on opening the account, so once that is done no more checks are done.  Now it doesn't make a lot of sense (if for some reason geography is important at the time of opening it should probably remain so) but whatever.

And also sometimes banks don't do the checks anyway.   I have an ISA with a UK bank and discovered after a year or so that the law requires this is only for UK residents (as it is tax advantaged).   I have continued to forget to point this out to them, must do it soon!

[OmarR]

I moved out of BofA's and Wells Fargo's geo-locations without any problems.

After a couple of years, they were both closed by me. For better banks.

[calyx]

A former geo-restricted bank did not shut me down after I moved ~2,000 miles, eventually I did close the account.

My two main banks are georestricted.   One of them actually states that some of their products (auto and home loans) are also georestricted, but that's it.

[AverageJoesCredit]

Key West Union Bank

[pinkandgrey]

There may be exceptions, but most regional banks/CUs will allow you to keep your accounts/membership even after you move. 

[Anonymous]

Small bank system with a state charter allowed me to keep my accounts and credit products even though I relocated away from their banking foot print. Truth, I was surprised as they are very tight on geography to get in.