You can find the steps to close the bank account explained in detail. We have tried to cover almost everything you should know and keep in mind while closing the account. The task to close the bank account is not tough at all. It is just that you should know the steps that are to be followed.
And we are here up with this guide that explains to you the things to keep in mind and the steps to be followed to close your unused bank account. When you are closing an unused bank account. Then you should make sure that the account is not a dormant account.
If it is a dormant account then the steps that are to be followed to close the account differ a bit. Because when the account is turned inactive it is called a dormant account. So you have to write an application letter to the bank asking them to close it.
Steps You Have to Follow to Close Your Bank Account
Here are the steps that you have to follow to close your bank account.
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Visit the Branch of the Bank
The step is you have to visit the branch of the bank. There are some banks which allow you to close the bank account over the phone and using their web portal. But is always recommended that you visit your branch and complete the procedure to close the account.
But as I read on Account Closers, the chances that your account closing request is rejected increase when you are trying to close it on-call or online. So visiting the branch of the bank on the first hand is always better than facing rejection by the bank.
Collect the Bank Account Closure Form
The next to do after visiting the branch of your bank is to collect the bank account closure form. In some banks, its is hard to get the form as these are not available as the other forms. But you can take the help of the bank and find them at your branch. Usually, this form will be of 4 pages. (back to back)
Check the Sample Account Closure Form here.
Fill the Account Closure Form
Now you have to fill the account closure form with all the asked details. You have to fill the information like,
• Name of the Account Holder(s)
• Permanent Address of the Account Holder(s)
• Bank Account Number.
• Contact Details of the Account Holder(s)
Once you have filled all these details you have to check if you have filled the correct information. If you have done any mistakes while filling the details then you have to correct the mistakes. If you find all the filled details to be correct then you can make your signature on the account closure form. (account holder’s signature)
Submit the Documents and Cards
When you are closing the bank account your bank will ask you to submit the documents you have received from them. This is along with the debit and credit cards you have received from the bank. So while you are submitting the form you have to submit your checkbook and the cards as well.
Show your Identity Proof
Now while you are all set to close your account, you have filled the form and also collected the documents to be submitted. You now have to show your identity proof document to the bank. This is done to verify that you are the real owner of the bank account.
Submit Everything and Check on Account Closing Charges
The last step is to submit the documents, checkbook, and card(s) to the bank along with the duly filled account closure form. You will not be asked to submit the identity proof document you just have to show it to the bank. Other than that check if your bank is charging anything to close your bank account.