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  • FIRST POST
    • Dandytf
    • By Dandytf 19th Oct 19, 10:22 AM
    • 2,396Posts
    • 540Thanks
    Dandytf
    Remove unused bank account
    • #1
    • 19th Oct 19, 10:22 AM
    Remove unused bank account 19th Oct 19 at 10:22 AM
    Whilst I've seen this recommendation across a few cra reports.

    Is it essential to close and remove any unused bank accounts.
    I only have hbos to consider.
    Any meaningful effect on cra reports.
    sc dmp 2012 13k Jan 2019 9880paid. 75%approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2019-Virgin Money e-saver reward 18 -T.b.c.
Page 1
    • Ben8282
    • By Ben8282 19th Oct 19, 10:26 AM
    • 3,900 Posts
    • 2,140 Thanks
    Ben8282
    • #2
    • 19th Oct 19, 10:26 AM
    • #2
    • 19th Oct 19, 10:26 AM
    I don't see why it should be essential to close and remove unused bank accounts. In fact, from a CRA point of view, a bank account reporting each month a status 0 and no balance should be a positive, especially if it has an unused overdraft facility.
    Having said that though, if you don't ever use a bank account you should probably close it at some point
    Last edited by Ben8282; 19-10-2019 at 10:28 AM.
    • nic_c
    • By nic_c 19th Oct 19, 10:32 AM
    • 2,163 Posts
    • 1,132 Thanks
    nic_c
    • #3
    • 19th Oct 19, 10:32 AM
    • #3
    • 19th Oct 19, 10:32 AM
    Can't see reason for closing an account for CRA reasons, I can see removing an account that is never used for fraud prevention reasons.
    • Gary_Dexter
    • By Gary_Dexter 19th Oct 19, 2:01 PM
    • 6,788 Posts
    • 4,535 Thanks
    Gary_Dexter
    • #4
    • 19th Oct 19, 2:01 PM
    • #4
    • 19th Oct 19, 2:01 PM
    CRA reasons?
    Is the CRA lending you money?

    No.
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