Want to close/Kill my bank account! what do I have to do?

Question

I have a savings bank account and a checking account. account with the Bank of America and I want to close/cancel both these accounts. What do I do?

Answer 1

go to the nearest branch and tell them you want to close your account.
1. Have all your checks cleared your account? If they haven't, you will have to wait till they all clear to close your account, or the checks will go back to whoever they're payable to as "account closed" (not a good situation, I would avoid this)
2. Do you have a debit or ATM card on this account? If so, have all the charges posted to your account? If not, you will have to wait till all the charges are posted to your account before they will close it.
3. Do you owe them money? (is the balance in your account negative?) If so, you will need to deposit enough money to get your balance to zero.
4. If you have a positive balance in your account, you can take out those funds in cash or bank check, or a combination of both. If you have more than $100 (or however much cash you feel comfortable carrying around with you), I would suggest a bank check.

Then they will close your account.

Answer 2

Ok quick and to the point.

Make sure you have no outstanding transactions this includes checks, check card, ACH withrawal.

Make sure you have nothing coming in or out automatically this includes direct deposit, ACH withdrawals, etc

Once that is done just go to your nearest branch withdrawn your money and request that your account be closed. There is no need for a letter in person is good enough.

FYI Most banks cannot close an account the same day a transaction is pending. So don't be surprised if they say they can't close it the same day you make your last withdrawal, most likely it'll be done next day. Also make sure you say you want to close because leaving an account at a zero balance doesn't mean it's closed

Answer 3

The most important thing you must do is request the bank state IN WRITING that the account is closed as of a certain date. You would be amazed how many people believe they have closed accounts that are never actually closed.

After stopping and direct deposits, and allowing any checks to clear, go to the bank if possible and request the account be closed. Be sure to state in writing that any electronic debits are no longer authorized and should be denied.

Answer 4

Make certain that all outstanding checks have cleared and that you have no automatic payments that will be deducted from your account or automatic deposits to your account. Then visit a branch of BofA. The teller can pay you the funds in the accounts but generally a teller can't close the account; you need to see one of the "personal banking representatives" (they will be sitting at desks). Tell them what you want and they will close the accounts.

Answer 5

You need to make sure there are no outstanding checks written against your checking account and that you don't have any direct deposits or payments set up for that account. Once those criteria are met, you need to write the bank a letter requesting that the accounts be closed (include your account numbers) and that a check for the balances (list the amount you're expecting) be sent to you.

Answer 6

You go into the bank and tell them you want to close your accounts. If they ask why, you don't have to say unless you want to. They'll ask for photo i.d. and possibly penalize your savings account.

Answer 7

Go to the bank and tell them that. You will make a withdrawal for the balance in your checking and savings, and that should do it.

Answer 8

make sure all your current transactions have been completed, don't make anymore transactions on the accounts and call BofA to close it. by the way, Bof A SUX! good call