Do you think there’s an answer to this question on how to close a bank account online?
I can tell you that it is pretty much possible to do so without going to the bank. Right inside your house or office, you can deactivate or close your bank account.
In this post, we’re looking for how to close a bank account online, and I will show you the best possible means to do so anywhere you find yourself.
Before going into the topic of the day, which is how to close a bank account online, first, let me explain what you’ve to do before closing your bank account.
Things to do before closing a bank account
Below are the things a bank customer should do before going ahead to close a bank account online or offline.
1. Withdrawing all the money in the account
This is first and foremost to do, withdraw all the money in the bank account you want to close.
If you opened a jew account, or probably have another bank account, I recommend you to transfer all the money to your new account or another account.
I want you to know that it is the duty of the bank to give the customer the money remaining in its account before the closing of the account.
However, some banks won’t do that if you remain calm or didn’t request the money remaining in the bank account you want to close.
This is why I recommend you to withdraw or transfer all the entire money in the account you want to close, before going ahead to close a bank account online.
2. Paying up debt accrued
You can’t just close up a bank account having accrued lots of debts.
These debts can come to inform of a loan borrowed from your bank. There’s no way you can close a bank account with any outstanding debts.
You must clear up all the debts before going ahead to close a bank account online or by any other means.
3. Change your account details
If the bank account you want to close is linked to different payments or direct deposit, kindly unlink the account number and link your new account.
For example, linking a bank account to an online payment or bill payment.
How to close a bank account online
Closing a bank account online depends on the bank you’re banking with, most banks don’t support this feature at all.
While there are some banks that offer their customers the privilege to close their bank account online.
I’m a hundred percent sure the likes of chase bank gives their customers the option to close a bank account online.
However, you can close your bank account online in the following ways.
1. Internet banking
Some bank’s internet banking offers support to close a bank account without going to the bank.
This will only be possible if you have an internet banking account or enrolled in one.
Remember, I said using an internet banking account to close a bank account online. This isn’t applicable to the mobile banking app or the bank ussd code.
All you need is to enroll or register for internet banking, and you’ll see the option to deactivate or close your bank account.
If you want to close a bank account online, check your bank internet banking and login into your account. Afterward, go through it to see if you can close your account using internet banking services.
You can as well contact your bank and inquire if it is possible for a customer to close a bank account online using the internet banking account.
If it is possible, they will give you the steps to go about it.
2. Sending an email
Sending an email to your bank is another solution to your question on how to close a bank account online.
Most banks support this option especially if you’re far away from your bank or your bank branch isn’t near you.
What you have to do is to get your bank email address, and sent an email to the bank requesting that you want to close your bank account.
You should tell the bank that you’re not close to any of the branches.
You will include your name, account number, and address.
The heading should be requested to close a bank account, and you can include the reason for wanting to close the bank account.
All things being equal, the bank will get back to you and further close your bank account.
I love this option or method when it comes to how to close a bank account online
Please you have to make sure you have a zero balance before you sending an email to your bank for the account closure.
Apart from closing a bank account online, you can also do that by calling your bank.
Closing a bank account over the phone
Most bank customers use this option for closing of a bank account.
You don’t need to go to the bank to do so, you’ll only need to get your bank contact details (phone number) and give them a call.
Upon calling your bank, request that you want to close your bank account. The bank will ask for your details which include your name, bank account number, and other bank details.
The verification varies from bank to bank.
If you successfully verified your account, the bank will go ahead to close your bank account unless they don’t support this feature.
Leaving your account dormant
This is another way bank customers use when it comes to closing a bank account.
This also goes hand in hand with how to close a bank account online.
You only need to withdraw or transfer all the remaining balance to your new bank account, after that is to leave your bank account dormant.
Leaving your bank account for it to go dormant doesn’t necessarily mean closing the account.
The account will be completely inactive though you can still send money into the account but can’t make any withdrawal.
So instead of closing the bank account permanently, you can let it go dormant and just leave it as it is.
If you don’t want to close a bank account online or offline, let it go dormant and leave it that way.
How much does it cost to close a bank account?
I’ve seen bank customers ask this question, how much does it cost to close a bank account.
The answer is absolute no.
However, some banks pegged a fee on closing a bank account that is new. For example, closing a bank account that is not up to one year.
The reason for this is to prevent new bank customers from closing their bank account too early enough.
Apart from that, there are no charges when it comes to closing a bank account online or offline.
Can I close my bank account and open a new one with the same bank?
Still on how to close a bank account online.
The next question is can I close my bank account and open a new one with the same bank.
The answer is absolute yes.
If you close a bank account, all your bank details will be removed from the bank record be it a savings account, checking account, or a corporate account.
You can create or open a new bank account in the same bank you closed your previous account.
For example, you have a savings account with anz bank and later closed the account. After a few months or a year, you can still open a savings account with anz bank.
Banks need customers and can’t restrict or block a bank customer from coming back to them.
What do you need to close a bank account?
Still on how to close a bank account online, now is the answer to this question.
What do you need to close a bank account?
Closing a bank account only requires a bank customer to fill out a form if it involves going to the bank or verifying your account if it is online.
There are no other requirements unless when it involves closing a bank account of a deceased person.
You just have to transfer or withdraw your money and kindly close the account.
Is it bad to close a bank account?
Honestly, the answer is absolute no.
There’s nothing wrong or bad in closing a bank account. You can close and open a bank account in the same bank.
You can close a bank account if you’re not making use of the account, or can’t stand the bank weekly or monthly charges or fees.
Can you close a bank account online?
Yes, absolutely yes.
This is what this post is all about, how to close a bank account online.
Like I said earlier, it only involves using the internet banking account or sending your bank an email through the bank email address.
This isn’t applicable to all banks so you can inquire from your bank if it is possible to close a bank account online.
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This is where I conclude this post on how to close a bank account online using internet banking or sending an email. I bet this post has answered your question and please kindly share this post.