Can SunTrust Bank close my checking account because Bank of America reported me to ChexSystems?
Bank of America can only garnish you if they get a judgment against you and lien your current account bank account. They don’t usually do it over $50.00. Just because it’s a collection doesn’t mean they can take money from you; they can damage your credit though by posting it as a derogatory collection on your credit reports. Popular Collection Agencies for Banks Accounts: • RJM Acquisitions • ER Solutions • NCO Financial • Lindner & Associates, P.C. However, because you still owe Bank of America money and you have been reported to ChexSystems… Suntrust may run a report and close your account based off of the fact that you are being reported to ChexSystems by Bank of America. You are best off resolving the matter with Bank of America to improve your chance that Suntrust will over look what took place. It is always best to resolve matters like this or else you can face 5 years without being able to open a bank account. Always keep in mind; you are being reported to ChexSystems because
