A one-time fee charged by credit card issuers when a new customer closes an account too soon after opening it. For example, if a customer applies for a credit card and then cancels the account within 60 days, the issuer might charge a $20 fee for the administrative expenses incurred. The details of this charge vary based on the credit card company's policy. For such a fee to be valid, it must be disclosed in the card holder agreement.
Related information about closed account fee:
- Closed Account Fee Definition
A closed-account fee is a fee that issuers of credit card accounts will typically charge a customer if the customer closes an account within a certain number of ...
- Some Bank Fees Are Immoral, Others Are Merely Annoying - Bank ...
Feb 13, 2012 ... I've heard several people liken the closed account fee to the ever-infamous ... A closed account fee should be made unmistakably clear to the ...
- Savings Rates - Five County Credit Union
Closed account fee for transfers to close, not natural withdrawals. *** No fee will be assessed for the initial Visa Check Card issue for a free4ME account.
- Fee Schedule - New South Credit Union
Minimum Balance Requirement. $5.00. Closed Account Fee (if closed within 90 days of opening). $5.00. Below Minimum Balance (if below $5 minimum). $1.00 ...
- USC_feesheet Outside 7.3.10 - USC Credit Union
Closed Account Fee (if closed within 90 days of opening) . . . . . . . . . $5. Copy of Paid Check or Other Transaction Record ... First Two copies —. No Charge (per ...
- 2013 Schedule of Fees - Astera Credit Union
Re-Establishing Closed Account Fee. Escheated Account Fee. Research/ Reconciliation Fee. Statement Copy. Levy & Garnishment Fee. Cashiers Check Fee ...
- Fee Schedule Fee Schedule (continued)
Closed Account Fee < 90 days .................................... $ 25.00. Courtesy Pay Overdraft Protection ................................. $ 30.00. (Waived for members 18 & under on ...
- Health Care Professionals Federal Credit Union - Fee Schedule
Closed Account Fee (if closed within 90 days of opening, $5.00. Account Statement (other than normal, per page), $2.00. Official CU Check Charge after 1st ...