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US banks have the right to close your accounts with no warning — what to do if you lose access to your money
Yahoo Finance·2025-09-16 20:15

You might assume you “own” your bank account — after all, it holds your hard-earned money. But in reality, you have a relationship with the bank, and that relationship can be ended — sometimes without warning. CBS News Philadelphia reported that U.S. banks can close checking, savings, or credit card accounts without prior notice. According to the Consumer Financial Protection Bureau (CFPB), financial institutions have the legal right to do so, and the reasons might not always be obvious. If you’re conce ...