Options For Closing Bank Accounts
Bank account bonuses are a nice way to earn extra income. Some of these bonuses could be earned while never leaving your couch, while some others will require more leg work. But nonetheless they are worth doing. I earned almost $7,000 last year for example.
One hassle that people encounter with bank bonuses, is closing these accounts. Obviously banks would like to keep your business, and they usually try to make it as difficult as possible for you to close an account. You rarely see a “Close Account” link on their websites.
before looking at your options for closing bank accounts, it’s worth noting that you should always keep them open as long as it’s required to receive the bonus or to avoid any early closing fees. I usually add this information when I post bank bonuses, if it is available.
Here I’ll list options for closing accounts at different banks. I’ll start with what I know from personal experience (recent experiences that I remember), but you’ll welcome to comment with information about other banks. I’m leaving out the in-branch option usually, unless it is the only option for closing an account. I’ll just post the easiest way possible, starting with a secure message or chat, then a phone call, and branch or letter being the last resort.
How To Close Bank Accounts
- Amalgamated Bank
- Secure Message
- Banco Popular
- In-Branch
- Brex
- Online chat (must have $0 balance)
- Chase
- Secure Message
- Might need to visit branch
- First Tennessee Bank
- Secure Message (must have $0 balance)
- First Tennessee Bank
- Secure Message (must have $0 balance)
- M&T Bank
- Mail ($4 fee)
- In-Branch
- Northpointe Bank
- Chat
- PNC Bank
- In-Branch
- Santander Bank
- TD Bank
- Secure Message (must have $0 balance)
- Tech CU
- Phone
- UFB Direct
- Secure Message
- US Bank
- Online Chat
- Phone
- Wells Fargo
- Secure Message
6 thoughts on “Options For Closing Bank Accounts”
For M&T Bank, is there a $4 fee to close account when you have zero balance and they don’t have to send you a check?
Last time I tried to close an account i was told that there’s a $4.00 mail closing fee and a $10.00 Official Check fee to mail your remaining balance to you. So I went to a branch. This was a few month ago.
for Santander Bank, there is no option to send SM to close account but you can call and tell rep you want to close your account. Make sure your balance is zero before calling so they can close it same day. You will receive mail in several business days notifying you of the account closure.
Thanks Mimi, I’ll update
I usually go into the branch and ask if their are any fees or penalties to close the account today…..
That’s a good tip if you have branches nearby