Check for any pending transactions
Before closing your bank account, make sure to review your recent transactions. Ensure that all pending transactions like deposits and withdrawals have been processed. It's important to leave enough funds in the account to cover any pending transactions.
Update your direct deposits and automatic payments
Notify your employer and any other sources of direct deposits to update your account information. Update the information for any automatic payments linked to your account. Double-check to ensure that all recurring payments have been updated with the new account details.
Contact your bank to initiate the account closure
Call or visit your bank to inform them of your intention to close the account. Follow the bank's specific process for closing an account, which may include filling out a form or providing a written request. Request confirmation of the account closure in writing for your records.
Transfer remaining funds to another account
Transfer the remaining balance in your bank account to another account before closing it. Choose a convenient method for transferring the funds, such as an electronic transfer or withdrawing cash. Ensure that the account balance reaches zero before finalizing the closure.
Verify the closure of the account
After completing the necessary steps, verify that the bank account has been successfully closed. Check your online banking portal or contact the bank to confirm the closure status. Keep any confirmation emails or documents provided by the bank as proof of account closure.