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Old 08-03-2009
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Default BOA reopens accounts???

I heard that BOA will reopen a closed savings or checking account automatically if something is debited from it. Has anyone experienced this? I want to make sure that after I close a BOA account, ebay or paypal will not be about to charge my account and it be reopened.
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Old 08-04-2009
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I have had MANY BOA Accounts for MANY ebay/paypal accounts.
I have never seen this happen to any account that I have left a "amount due" on a dead eBay/paypal account.
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Old 08-06-2009
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Well, I've heard that they do. A friend of mine closed her BofA account, and when something happened to one of the checks she had deposited way back (non-PayPal related), BofA charged her a cancelled check fee and reopened her account. I'm guessing if you owe them money, they'll reopen your account.

Of course, I heard this from a friend, and we all know how reliable those "my friend's friend" stories are.
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Old 08-06-2009
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Yea, Ive only heard of that happening with checks. But thanks for the feedback. I just closed a BOA account and I didnt pay my feebay fees, lol.
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Old 08-06-2009
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What happens is that a check account is closed subject to any outstanding transactions being finalized. So if there is an unpresented check for $200 then that much money has to stay in the account to cover it. With our friend paypal, the transactions can be in cyberspace & still get presented to the account after its closure. Up to the person closing the account to make sure of this.
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Old 08-06-2009
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Does this kinda thing only happen within 90 days or 6 months of account closing?
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Each of the US banks has a different time allowance. The big name banks normally have the 90 days. Smaller banks, credit unions may have a longer period. It depends on the bank and the relationship the customer has had with them. In other posts I have recommended that if a bank account is closed, it be done at a branch: the customer can get the name of a staff member, discuss what exaclty might happen: in other words decrease the chance of unexpected charges. It is a form of 'insurance' to do it this way. If an account was correctly closed, why should the former customer be made to pay bank charges?
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