Displaying member information from a CSV file
There are a number of issues with this code; the first two items below are seriously bad habits.


Inappropriate use of functions.  Functions are not goto labels.  Having optionA call itself or nextchoice() makes no sense.  This must be corrected — it is a fundamental misunderstanding of how to write programs.
Use of global variables.  If you design your functions properly, there should be no need for any global variables.
Lack of abstraction.  There is nothing in common between these two functions, other than the fact that they both read from members.txt.  It would be a good idea to have a function to read, interpret, search the file.  Furthermore, since the data are in a csv format, you should use the Python csv module.
Using string comparison for numbers. This is a bug:


listed[5].strip('\n')&lt;listed[4]



… because you are comparing numbers ASCIIbetically.
Lack of documentation. optionA and optionB are both mysterious names for functions.  It's not immediately clear what the members.txt file looks like, or why optionB ignores rows whose membership type column is not F.
File descriptor leak.  If you call open() without a corresponding call to close(), you might leak file descriptors.  In Python, you almost always want to call open() using a with block.
Member search by all attributes. You ask the user to enter a member number.  However, when you do


listed = line.split(",")
if member in listed:
    …



… you are actually searching all fields, not just the third column.
Python style guide.  PEP 8, the official Python style guide, says that variable names should be lower_case_with_underscores unless you have a good reason to deviate from the norm.


Suggested solution

import csv
from decimal import Decimal

MEMBERS_TXT_FIELDS = [
    ('Team Code', str),
    ('Date of joining', str),
    ('Member number', str),
    ('Membership type', str),
    ('Fee', Decimal),
    ('Amount paid', Decimal),
]

def members(member_number=None):
    with open('members.txt') as member_file:
        csv_file = csv.reader(member_file)
        for row in csv_file:
            member = {
                field_name: conv(val)
                for (field_name, conv), val in zip(MEMBERS_TXT_FIELDS, row)
            }
            if member_number is None or member_number == member['Member number']:
                yield member

def show_single_member(member_number):
    for member in members(member_number):
        print("""
Team Code: {Team Code}
Member number: {Member number}
Date of joining: {Date of joining}
Membership type: {Membership type}
Amount paid: {Amount paid}""".format(**member))
        return True
    return False

def show_owing_members():
    def value_fmt(field_def, member):
        field_name, width = field_def
        value = member[field_name]
        if isinstance(value, Decimal):
            return "£{0}".format(value.quantize(Decimal('0.01'))).rjust(width - 1) + ' '
        else:
            return str(member[field_name]).ljust(width)

    TABLE_FIELDS = [
        # Field name, width
        ('Team Code', 11),
        ('Member number', 20),
        ('Fee', 9),
        ('Amount paid', 17),
        ('Amount outstanding', 31),
    ]

    # Print headings
    print(''.join(field.ljust(width) for field, width in TABLE_FIELDS))
    print(''.join('-' * width for field, width in TABLE_FIELDS))

    total_outstanding = Decimal('0.00')
    for member in members():
        if member['Membership type'] == 'F' and member['Amount paid'] &lt; member['Fee']:
            member['Amount outstanding'] = member['Fee'] - member['Amount paid']
            print(''.join(value_fmt(field_def, member) for field_def in TABLE_FIELDS))
            total_outstanding += member['Amount outstanding']
    print()
    w = sum(width for field, width in TABLE_FIELDS if field != 'Amount outstanding')
    print("Total outstanding: ".rjust(w) + "£{0}".format(total_outstanding))


def menu():
    while True:
        print("A: Member lookup")
        print("B: Outstanding fees")
        print("Q: Quit")
        choice = input("Choice: ").upper()
        if choice == 'A':
            ok = show_single_member(input("Please enter the member number: "))
            if not ok:
                print("No such member")
        elif choice == 'B':
            show_owing_members()
        elif choice == 'Q':
            break
        print()