Does closing a bank account affect your credit score?

Closing a bank account generally does not directly affect your credit score, as checking and savings accounts are not credit products. However, indirect impacts can occur if:

• The account is closed with an unpaid negative balance or overdraft fees, which the bank may send to a debt collection agency.
• Closing the account leads to missed automatic payments for loans or credit cards, resulting in late payment marks on your credit report.
• A linked overdraft credit line is closed, affecting your total available credit and credit utilization ratio.