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I closed my interest-bearing account, but the bank did not pay me all the accrued interest. What can I do?

Depending on the bank's policy, if you closed the account before the bank credited accrued interest, that interest may not be paid out (this is known as forfeiture of interest). The bank must disclose its policy in the account agreement you received when you opened the account.

Read your account agreement for information about your bank's policies and fees.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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