Can the bank terminate my account due to a negative Schufa entry?
August 10, 2022 | 40,00 EUR | answered by Karl Böhm
Dear banking lawyer,
I am reaching out to you because I am extremely worried about my bank account. My name is Hildegard Schmidt and I have been a long-time customer at my bank. Recently, I found out that I have a negative Schufa entry due to an unpaid bill. Now, I am concerned that my bank may terminate my account because of this entry.
I am worried about the consequences that a bank account termination could have on me, as I use my account daily for financial transactions. Additionally, a termination of my account could lead to further financial difficulties.
I am wondering if the bank is actually entitled to terminate my account due to a negative Schufa entry. Are there any possible solutions to prevent or at least delay an account termination? Is it advisable to contact the bank to discuss possible alternatives?
I hope that you can assist me and provide me with information on the best course of action in this situation. Thank you in advance for your support.
Best regards,
Hildegard Schmidt
Dear Mrs. Schmidt,
Thank you for your inquiry regarding your account and the negative Schufa entry. It is understandable that you are concerned about the potential consequences, and I will try to assist you in this matter.
First of all, I must clarify that banks have the right to terminate accounts if a negative Schufa entry exists. This usually happens due to an assessment of the customer's creditworthiness. However, an account termination is not automatically the only solution when a negative Schufa entry exists.
It is advisable to contact your bank immediately to clarify the situation. Often, there is the possibility to agree on alternative solutions with the bank to prevent an account termination. This could, for example, involve setting up a garnishment protection to ensure that certain amounts remain in your account and cannot be seized.
Furthermore, you could discuss a installment payment agreement with the bank for the unpaid invoice to clean up the negative Schufa entry. This could help restore the bank's trust in your creditworthiness and avoid an account termination.
It is important to document all communication with the bank in writing and record all agreements in writing to avoid misunderstandings. Additionally, it may be helpful to seek legal advice to understand and protect your rights and options in this situation.
In conclusion, I want to emphasize that there are always ways to prevent or at least delay an account termination. By taking proactive steps and working with your bank, you may be able to find a solution that is acceptable for both parties.
I hope this information helps you and encourages you to contact your bank to clarify the situation. If you have any further questions or need legal advice, I am at your disposal.
Sincerely,
Karl Böhm
Attorney specializing in banking law
