<prompt> Human: Hello rpersonalfinance, I have been following for a while but this is my first post, and based on the feedback Ive seen so far Im hopeful you all can help me out.Background: I live and work in the USA, my parents live abroad, and I wire them money every few months to help them with bills and expenses. This weekend I tried using my credit card to find it was declined. When I called my bank, I was informed that my account is being closed due to risk or money laundering. I was read my contract which stated they can close the the accounts at any time and for any reason.They are mailing me a cashiers check with the balance on my accounts minus the outstanding debt on the credit cards. The checking savings balance was significantly higher than the credit card balances only a couple weeks of use, so I expect to get a good chunk of what I had in the accounts back.I understand I cant fight the account closure screw them anyway, but Im wondering what, if any, negative affect this will have on my credit. I had a checking account, a savings account, and two credit cards total limit of nearly 30k.  <response>: I would apply for another card as well before your report is updated to show closed accounts. This way the two new cards will age at the same time and will soften the effects of any new credit you seek in future. Use a different service than your banks for money transfer. Wire fees banks exchange rate has always shown a lower received amount on the other end for me. This way you have less visibility from the bank about where you legally transfer your money. 