Opened an account to receive salary and left the company? Did you make a real estate loan that needed the current account at the bank and now you have paid off your contract? So it’s time to close the account so you don’t pay maintenance fees, isn’t it?
It is common for us to stop using bank accounts when they become useless or when we find an option that is more suited to our interests, as is the case with the best free digital accounts .
When we simply abandon an account and do not close it, we have no guarantee that additional fees will not be charged. So stay tuned. The account closure request can be made at any branch of the bank in question, and not necessarily at the branch where the account was opened.
How to close a bank account?
When opening a Chase bank account, you are taking advantage of a service that, in some cases, has multiple functions: movement account, advance to the depositor, insurance, investments with automatic application, overdraft, in addition to the traditional services included in the fee package.
In some cases, when your company decides to pay salaries at a certain bank, you take out a high-value loan or invest a good amount, maintenance charges can be excluded to retain the customer.
However, when such occurrences end, they can be charged again because they are provided for in the contract. That is, if you will no longer need the account, close it as soon as possible.
Gather all the necessary documents for closing the account
To close your bank account, you will need to present a valid ID with photo and the mechanisms you used to handle the account, that is, debit cards and checks, if applicable.
By the way, it is worth mentioning that once you deliver such items, they must appear on the account closure form so that the responsibility for invalidating them rests with the bank.
In cases of joint account or account for minors, review the contract requirements
Some joint account contracts require both account holders to sign to open and close the account, while in the case of a minor account, the person responsible must proceed with the cancellation request.
Therefore, before going to an agency, see the steps and how to close an account along the lines of the one you currently use.
Check for balances or services in progress
After communicating your interest in closing your bank account, it is important to ask the attendant to verify any pending issues, contracted service, current or investment account balance.
To close a bank account efficiently, you need to ensure that nothing is left behind. Even a few cents sitting in the checking account can generate a new commitment to go to the branch to request a special withdrawal. That is, ensure that there is no pending.
Take bills off autopay in advance
If you use this type of service, please cancel the automatic bill payment schedule in advance. With this, it is possible to avoid processing errors, duplicate charges, fines or interruption of services.
Formalize the account closure request
For a customer to close an account, it is very easy. and should have no impediments, including if you have outstanding loans or a credit card linked to the account. In such cases, the customer will pay for such services by means of a physical or online invoice (boleto).
The most formal way to close a bank account is to send a letter with the closing request to the bank, keeping a copy of the request in a safe place so you can later prove that the request was made. Upon receipt, the bank has up to 30 days to cancel the account.
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And, if you opened a digital bank account, you can close it through the same online channel, either through the bank’s application or through the website. This applies to both traditional and digital banks.
Resolution No. 2,747 was published by the Central Bank and is responsible for regulating the opening and closing of accounts. It is important to remember that, if there are outstanding debts with the bank, it is recommended that the customer go to the branch and carry out a negotiation with the bank, in order to settle this debt.
To close the account, it is also possible to go to any branch of the bank in question and request the closure. Some banks ask the customer to complete a form to complete the process. If this is the case, ask for a copy of this form.
