<prompt> Human: Hi! I currently have 3 bank of america bank accounts. 1 is a savings and the other 2 are checking account. 1 checking account I use as my normal account for going out to eat, shopping, etc. It is where my direct deposit is deposited. I have another checking account that I use only for paying my bills. Every time I get paid I go in and immediately transfer the money needed for bills that need to be paid over the month as well as transfer money to savings leaving me with a smaller amount of spending money until my next paycheck. This system works great for me. The money cant get easily spent by accident and I know my bills and savings are taken care of right away. However - they just started imposing a monthly fee on my bill account Im looking into moving this money into one of the online banks that has no fees associated with it since I dont ever withdraw or use the debit card for it. My question -- Would removing the money and closing the bank of america account negatively impact my credit score? Im also considering moving most of my savings over to an online only bank that has a higher savings account interest rate as well and just leaving my savings in bank of america as my emergency money. Thoughts on your favorite online banks? Thanks!  <response>: Checking and savings account activities have no effect on your credit score unless you run up a giant overdraft and walk away. Go ahead and close costly accounts. 