Bank of America To Keep 'Zombie' Checking Accounts Closed In Policy Shift
"NEW YORK -- Bank of America said it will stop zombie checking accounts from coming back to life when they receive an automated electronic transaction.
Starting this week, the bank will no longer allow electronic deposits or debits to reopen a closed checking account, according to bank spokeswoman Betty Reiss.
"We have been looking at [the change] since late last year and it just went into effect this week," Reiss told The Huffington Post by phone on Monday. The new rule marks a shift in bank policy, which previously allowed electronic transactions to reactivate an account after the customer had closed it. Reiss said the change was based on customer feedback."
No comments:
Post a Comment