Account issues.

albufeira

If your bank closes your account and the balance reads nil, can they reactivate at a later stage or is it written off?

Ebe_Scrooge

Is what written off - a nil balance?  Do you mean a current account, or a loan account (you've posted this in the "Loans" section)?

If you can describe a little more clearly what you're asking, I'm sure we'll be able to provide some helpful answers.

But on the face of it, it sounds like you've had a loan, you've paid it off, and the account has been closed normally.  If that's the case, there's nothing to "reactivate".  If you wanted another loan in the future, you'd simply apply for one (with the same bank or any other lender, it doesn't matter), in the usual fashion.

F1shyFingers

albufeira said:

If your bank closes your account and the balance reads nil, can they reactivate at a later stage or is it written off?

Your account being closed doesn't mean the debt has been written off, it's been sold to a debt collector.

Unless it's statute-barred, good luck.