Does closing a bank account hurt your credit? Here’s what you need to know about credit scores, account closures and what really matters.

Not directly, but watch out for these ways it could indirectly impact your creditThe act of closing a bank account doesn't directly impact your credit. So, whether you’re switching to a new financial ...

CommunityWide Federal Credit Union’s Hi-Rate savings account isn’t like other credit union savings accounts. Working in its favor, it pays a 4.00% APY with no limit on earnings or balance tiers.

Some banks and credit unions pay very high interest rates on their kids savings accounts. Find out if your child qualifies.

The costs will depend on how you make the transfer and the various accounts’ terms and fees. Often, credit cards may charge around 3% to 5% in cash advance or balance transfer fees.

The best credit union savings accounts have no monthly fees and APYs between 3% and 5%. They also typically have strict requirements to earn a high rate.

When you have a negative balance, you can request that the amount of that balance be deposited into your bank account. You can do this because a negative balance is similar to a statement credit.

You’re probably used to owing money to your credit card company. From time to time, however, it can be the other way around. If your credit card account shows a negative balance, that means your ...

However, having a negative balance when the account is closed could negatively impact your credit score. When you overdraw a bank account, your bank or credit union may pay for the transaction and ...

Some blemishes in your bank account history could affect your credit. For example, if you close an account while the balance is negative or a bank closes your account because it's overdrawn for an ...