Does Closing a Bank Account Affect Your Credit?
Closing an account doesn't hurt your credit, but there are steps you should take to ensure your credit stays unaffected when you do so.

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Ready to close a bank account but worried you could ding your credit score? Don't be.
By taking a few simple steps and practicing good banking habits, you can avoid having your credit affected by a bank account closure. Here's what you need to know.
Generally, closing a bank account doesn't affect your credit
The mere act of closing a bank account doesn't have a direct impact on your credit. The Consumer Financial Protection Bureau confirms that the three major credit bureaus — Experian, Equifax and TransUnion — don't typically include checking account history in their credit reports. But your credit could suffer if you're not careful when you close an account.
Your credit score could drop if your bank account isn't in good standing
Some blemishes in your bank account history could affect your credit. For example, if you close an account while the balance is negative or a bank closes your account because it's overdrawn for an extended period, the negative balance could go to a third-party collection agency. That could lead to your credit report being marred.
How to close your bank account so your credit isn't affected
You'll need to make sure that your account is in good standing and remains that way even as you close it. Here are the steps to close your bank account properly:
1. Make a list of recurring deposits and withdrawals. Note the bills and payments paid by direct debit from your account periodically. It's just as important to note any deposits you get, even if they're only occasional.
2. Open your new account and move money and automatic transactions to it. Skipping this step could lead to a missed payment, which could hurt your credit score.
3. Settle any balances on your old account. You can also contact your bank to ask if you have any outstanding balances. If you opened an account to take advantage of a cash bonus, make sure your account has been open for the minimum time required to avoid an early closure penalty fee.
4. Close your old account and confirm its closure. Once you've ensured there are no pending transactions, you can close your account. You might be able to complete the closure online, but some financial institutions require that you fill out a mail-in form, visit a branch or call to close your account.
The bank may send you an email to confirm the account closure, or you can contact a representative by phone or in person to confirm the account has been closed and request confirmation in writing.
Note that if your account earned interest or a cash bonus over the year, you'll need to get the proper paperwork from the bank for your taxes.
Follow these steps when you close your bank account and you'll avoid fees, missed bills and credit woes.