Q: Can a bank close you account and keep your money, when you do not owe them any fees?
A bank would not close your account and keep your money without a legal reason. If you have any loans with the bank and have defaulted in payments the bank may debit any sums due from funds available in deposit account. Also, if the bank receives a levy or garnishment, it usually has the right (you would have to read the Terms and Conditions governing your deposit account) to close your account. In such a case, the bank would debit the amount of the levy or garnishment to be forwarded to your creditor and may decide to close your account. There are many reasons, supported by law as to why a bank may close a bank account, but they do not include "keeping" your money.
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