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04 Aug 2025

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Should I close my unused bank account with limited money now and reopen if require in the future to qualify for future promotion? What are some cons of closing bank account

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Cons - troublesome. No real downside really unless there is a penalty. Bank accounts are easier to open than credit card, unless it's one of those high networth bank account where you need to fulfil minimum deposit requirements.

You must make sure that you can close it without penalty. Some accounts need to pay to close when you haven reached a minimum period of time after you open that account.

No much different...

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