Closing a Bank account, in most cases, is not an easy decision; especially if you’re happy with the Bank and its services and the decision to close is a matter of practicality. I searched online for the procedure in closing my savings/checking account and I found several hits but were not really specific to my Bank. So, I went to my Bank (City State) and asked how it’s done – here’s how:
- Go to the Branch where you opened the account. Only in that bank can you officially close your savings/checking account.
- Inform the bank staff that you want to close your account. Give your passbook to the Teller and the latter will update your passbook to reflect the most updated balance.
- You’ll likely be referred to another Bank personnel who will assist you further. You’ll need to surrender all unused cheques to the Bank.
- You will need to use your cheque in withdrawing the remaining balance in your account. Write a check “paid to cash” and indicate the exact amount. Just like any other cheque withdrawal, write your contact info and your signature at the back of the cheque.
- Go back to the Teller and encash the cheque. As soon as done, your account will officially be closed.
In some other Banks, they’ll require you to fill out a form. To be sure, I’d strongly suggest that you call your Bank’s customer service number first and ask how it’s done.