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Originally Posted by RJB1180
Why except for fees are you closing online savings accts. $1 is not that much to leave behind to switch later on for better rates? I see this alot on this forum and another similar forum
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I assume that question was for me? I personally have not closed an account, but someone may want to close accounts to help protect against identify theft. Also you should be prepared to have your account closed by the bank if it has a very small balance. Not very likely, but it can and does happen.