posted on Dec, 12 2011 @ 08:18 AM
Closing bank accounts -
Meet in person with the bank's officer, the platform people, not the teller.
Advise of your desire to close the account.
Demand a Teller's Check for the amount in the account at the time of closing.
Stay there until the platform officer completes the closing. Ask for proof that the account is closed.
Photocopy the check handed to you, and keep it with the papers showing the account was closed.
Game over. The account will be properly closed within the next 24 hours on the computer system.
Verify the closure the next business day by calling the bank and inquiring about the closure. Also ask if you have any outstanding balances due. There
should be none.
Municipal Credit Unions are not banks. They do not have FDIC insurance, nor are they real banks per se.
Becareful with Credit Unions. They can be more dangerous then the regular banks to begin with.
Given today's peanut interest rates on savings, MMA's or CD's, I would rather put the money in my mattress or pillow. It would help me sleep at
night knowing that NOBODY is making any money off of my money. (Banks typically invest portions of their funds on hand overnight. They can't do that
if they don't have my money to play with.)