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Is it possible to use the funds from a closed Chase savings account to buy digital currencies?

avatarDrakshanyaDec 16, 2021 · 3 years ago3 answers

I recently closed my Chase savings account and I'm wondering if I can use the remaining funds to invest in digital currencies. Is it possible to transfer the money from a closed Chase savings account to a digital currency exchange and buy cryptocurrencies?

Is it possible to use the funds from a closed Chase savings account to buy digital currencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to use the funds from a closed Chase savings account to buy digital currencies. Once you have closed your account, you can transfer the remaining balance to a digital currency exchange that accepts bank transfers. From there, you can use the funds to buy the cryptocurrencies of your choice. Just make sure to check if the exchange you're using supports bank transfers and if there are any fees associated with the transfer.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! You can definitely use the funds from a closed Chase savings account to buy digital currencies. All you need to do is transfer the remaining balance to a digital currency exchange that accepts bank transfers. Once the funds are in your exchange account, you can start investing in cryptocurrencies. Just keep in mind that there may be fees involved in the transfer process, so it's always a good idea to check with both Chase and the exchange for any applicable charges.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can use the funds from a closed Chase savings account to buy digital currencies. However, it's important to note that different digital currency exchanges have different policies regarding bank transfers. Some exchanges may require you to link a valid bank account, while others may accept wire transfers. It's best to research and choose an exchange that suits your needs and supports bank transfers. Once you have transferred the funds, you can start buying digital currencies and exploring the exciting world of cryptocurrency investments.