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Bank apparently just closed my account that I just transferred $550 to. Help!!?

I have a checking account that I just transferred money to from my paypal account. When I go to log online it says my account is closed. I moved recently and didn't update the info for that bank, could that have something to do with it?? I know I should call them now, what should I tell them? Is it in the contract that i have to update my address or they can close my account or something??? Should I tell them I'm just visiting down here and was getting my other bills here or something?? help! thats alot of money for me!

Your checking account was most likely closed due to the lack of activity on the account. In regards to the money from PayPal, it can't be credited to a closed account and therefore, it was returned to PayPal. Once you get your money back, you might want to consider opening an account where you're currently living. Or open an account at a bank that has a variety of locations so you can keep your account active. Oh and next time, remember to update your contact information. Your bank may have tried to contact you regarding your account, but since you have recently moved and did not update your information with them, their attempts failed. Hope this information helps. Good luck!

Usually they can't open a closed account. You may need to open a new one, then transfer the money.

Good luck
No they should not close your account just because you moved.

You need to call them and find out why it is closed. I'll bet it was an error, and they closed the wrong account.

I left home 6 years ago and never closed my home account. I have lived in another country for all of those 6 years and the acount is still open. I just make sure that some money gets deposited in to it every now and then to cover the fees. They know what country & city I am withdrawing the money from, but they still do not have my address. I gave them my parents address.
You can't transfer money into a closed account. Pay Pal has your money.
You need to call them right away to find out what the story is. I hope it isn't frozen due to a judgment (court order, usually due to a debt) or the IRS. That would stink, and then perhap you'd be happy it's only $550.

I'm on a cash basis right now to avoid just that happening, as I'm having trouble with an old debt. If someone stole your identity, that could be it too.

Sorry, none of this is good news. Try to get a decent night's sleep.