10-24-2012, 09:52 AM
FWIW.
I've had a bank account that I had closed, re-opened and put into "suspended" status by the bank, and dinged with a negative balance because of a check that I had written 6 months ago and had forgotten about because it was not deposited for about a year.
So just because the account is closed does not mean you're in the clear. You have to cancel any payments made out of the account or else you risk what happened to me. I only add this because you seem to be under the impression that if the account is closed, the vendors are "cut off" - this is not the case if you have an agreement to do recurring payments for example. You've agreed to a payment structure, they've provided the service, you can't just "cut them off." You have to address it at the source rather than at the bank. There's no other way.
I've had a bank account that I had closed, re-opened and put into "suspended" status by the bank, and dinged with a negative balance because of a check that I had written 6 months ago and had forgotten about because it was not deposited for about a year.
So just because the account is closed does not mean you're in the clear. You have to cancel any payments made out of the account or else you risk what happened to me. I only add this because you seem to be under the impression that if the account is closed, the vendors are "cut off" - this is not the case if you have an agreement to do recurring payments for example. You've agreed to a payment structure, they've provided the service, you can't just "cut them off." You have to address it at the source rather than at the bank. There's no other way.