Is closing my oldest Checking and Saving account bad?

[wHiTeSoL]

I've had Wells Fargo for over 10 years now, just switched everyting to Chase because thier ATMS are in more convient locations, I wanted a few Chase CCs and the $200 bonus they offered. Wells Fargo has never given me the time of day for their credit products so I'm wondering: Am i harming myself now or in the future by cutting ties with them?

MOD: Feel free to move this wherever it's supposed to be, I wasnt sure 

[09Lexie]

You are referring to checking/savings accts only?

If so, closing a bank account will only be an issue if you wish to apply for a cr/loan and that bank takes your banking relationship into consideration. Chase does, idk if Wells Fargo cares

[RobertEG]

+1

Personally, I would send WF a letter explaining that you are closing based on better terms with another banker, including credit cards.

Good business sense on their part might lead them to send you some enticing offers that previously might not have been forthcoming......

[Anonymous]

they where just talking about WF: http://ficoforums.myfico.com/t5/Credit-Cards/Wells-Fargo/td-p/2361169

I personally thinkg you made a good move.

[wHiTeSoL]

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@RobertEG wrote:

+1

Personally, I would send WF a letter explaining that you are closing based on better terms with another banker, including credit cards.

Good business sense on their part might lead them to send you some enticing offers that previously might not have been forthcoming......

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I took your advice and this was their response

Dear ME:

Thank you for contacting Wells Fargo. My name is Something, and it is my 
pleasure to assist you today.

I understand that you are disappointed with the outcome of this account.
Our goal is to exceed the expectations of our customers whenever 
possible. Your concerns are important to us as we strive to better serve
our customers. I hope you will continue to give us the chance to serve 
your banking needs in the future.

We would be happy to discuss how Wells Fargo can help you achieve your 
financial goals. To speak with a specialist who can review your 
financial needs and help you determine the best products for you, please
call us anytime at XXXXXXXXX 

If you wish to speak with someone regarding this issue, please call us 
anytime at the number listed above.

As a valued customer, we want to ensure that you are provided with a 
banking experience that provides you with convenience and gives you 
peace of mind.

On behalf of Wells Fargo, thank you for your business. We are happy to 
have you as our customer and appreciate the opportunity to assist you 
today.

Sincerely,
Person from Wells Fargo
Wells Fargo Online Customer Service

If you have another question about this subject, please click the Reply 
button at the bottom of the page. To ask a new question, click the 
Contact Us link at the top of the page.

[pizzadude]

Closing your accounts won't have any impact on your FICO score.