Denial Of Bank Account

[echogirl3142]

What is the name of your state (only U.S. law)? MA

Can a Bank or Credit union deny an account/membership without cause?

Example: Someone walks in with a 720 credit score and NO chexsystems issues. But is denied accounts.

Please advise! Thank you in advance.

[HomeGuru]

Originally Posted by echogirl3142

What is the name of your state (only U.S. law)? MA

Can a Bank or Credit union deny an account/membership without cause?

Example: Someone walks in with a 720 credit score and NO chexsystems issues. But is denied accounts.

Please advise! Thank you in advance.

**A: yes**************

[Antigone*of*Greece]

Originally Posted by echogirl3142

What is the name of your state (only U.S. law)? MA

Can a Bank or Credit union deny an account/membership without cause?

Example: Someone walks in with a 720 credit score and NO chexsystems issues. But is denied accounts.

Please advise! Thank you in advance.

Yes they can. You are welcome.

[echogirl3142]

well thanks for the replies...

seems as though it could easily be seen as discriminatory etc. but I wanted to find out if it was actually legal to deny accounts just for the heck of it.

[JETX]

Originally Posted by echogirl3142

Can a Bank or Credit union deny an account/membership without cause?

Of course they can. There is NO statute that will force a bank to deal with you.

Thank you in advance.

You're welcome. Hope you get a good grade!!