What can I do with my campus edge BOA account or what will happen?

Question

I deposited $25.71 in my bank account and the minimum amount and I spent $8.00 and took $5.00 out, and its suppose to be $12.66 in my account (total of $13.05 I spent) Its not $12.66 in my account and I have keep the change on my account. Can my account be closed if I don't have the minimum amount in my account or was that just to open the account? I mean what can happen if my account is like this, this is my first account.

Answer 1

The bank won't close an account until there is a zero balance because they would have to send the owner the balance. Trying to find the owner to send a three dollar check to can get expensive, and if they can't find the owner or the owner doesn't cash the check they have to pay the money to the state - more expense.

So what will happen is that you will sooner or later (probably sooner) be charged fees for account low balance and/or inactivity until the balance reaches zero and then the account will be closed.

You have three choices, all reasonable.  You can just let it go and the account will get closed, go to the bank and ask for the balance letting them close the account at that time, or increase the balance and/or activity of the account to keep it active and avoid the extra fees.

The wisest is probably to keep the account active if you can.  If you decide to do that make sure you are aware of the minimums set by the bank and the fees for falling below them.