How to close a bank account? Step by step description, requirements and reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

If a person stopped using the services of a bank, this does not mean at all that he does not owe anything to this financial structure. The organization can send messages, use personal data or call until the person ends the relationship with him according to the rules. The algorithm of actions is presented below. So, let's get acquainted with a step-by-step strategy that describes how to close a bank account.

Requirements and step by step description

Customers need a bank account in order to be able to store and transfer funds. But often there is a need to close such a tool. What should be done for this? You need to make sure, first of all, that a person does not owe anything to the bank, and that, respectively, to his client. After that, it is required to notify the institution of the desire to terminate the service agreement with it and receive written confirmation. Care must also be taken to ensure thatdestroyed all personal data.

How to close a bank account is interesting to many.

Step one: visit the bank

First of all, it is necessary to take into account the fact that closing an account requires the personal presence of a citizen in the bank. It will be almost impossible to do this remotely. And only one visit, most likely, will not get off. Therefore, you need to choose a convenient time and office, take your passport along with the plastic cards associated with the account, and go to the institution.

If possible, please contact the branch where you opened the account. The period of the smallest queues can be found directly in the department itself, or in the call center. A possible catch in such a situation, as a rule, is the following: most institutions allow you to close accounts in any branch, but in order not to waste time, it is better to call support and clarify this point.

How to close a bank account, it is important to find out in advance.

Reset balance

In the event that a person has funds left on their account, they can be transferred to any other Internet bank or withdraw money from an ATM. In any situation, for the balance in the bank, the client will be sent directly to the cashier. But if you prepare properly, you can save a lot of time.

How to close a bank account, you can check with an employee.

Step three: write the application

The bank will require the client to write an application forto close the account. This procedure is usually not instantaneous. In the event that a card was linked to it, the period can be up to 60 days. A not very probable, but still possible, pitfall is the following: in the event that an operation occurs on the account during this time, the person will have to repeat steps from the first to the third.

Fourth step and getting confirmation

Do not be lazy to go for official proof that the bank is closing current accounts, and the financial structure has no claims. Perhaps some employees will raise their eyebrows in surprise, but they will still write the paper. It will certainly protect the client in case of possible disputes in the future. Do not be lazy or embarrassed to ask the bank for any confirmation in writing, even if the employee claims that the citizen is the first to need it.

Step five and taking care of the destruction of personal information

Most likely, the client, as part of the conclusion of the contract, gave the bank the right to systematize, and in addition, to use and transfer personal data. In the event that you do not apply for the withdrawal of this permission, even after the payment instrument is closed in accordance with all the rules (steps one through four), the structure can inform the client about new products via SMS and calls.

From now on, the citizen will have to prohibit the bank from using personal data. Sample application for revocationpersonal information can be easily found on the web. You will need to print three copies:

1. The first of them must be sent to the legal address of the bank, attach a copy of the passport and (if any) agreement with the financial institution.
2. The second is given to the department where the agreement was made.
3. And the third one remains with all seals and signatures with the client.

In the event that a person owes nothing to the bank, the organization should no longer call him and write messages. At this step, the citizen completely completes the relationship with the organization on a specific account.

How to close an account at Tinkoff Bank?

To do this, first of all, you need to pay off all debts. You can clarify information about the debt with the operator or the Internet bank is also suitable (you should also focus on the latest statement from the institution). When a person reaches zero, this does not mean at all that he has paid in full, since the organization may charge additional interest for using the service (this may, for example, be a fee for SMS informing in the current period).

One month before the proposed closure, it is required to notify the financial institution of the intention to do so (that is, to terminate the agreement). This can be done by writing to the bank (the form of appeal should be clarified on the official website on the Internet), but it is better to do this by calling the round-the-clock line. It will be much easier and also much faster. In the event that the person changes his mind, within thirty days he has time to withdraw his oralor a written statement.

The third step is optional. The client returns the card to the bank linked to the account, but this is usually not required, since after closing it automatically becomes useless plastic. But nevertheless, after the person closes the account, for several months you should not throw it away or break it, let it lie on some distant shelf. And in the event that at the end of this period there will be no surprises from the banking organization, it is worth cutting the card into several parts. Among other things, at the end you need to make sure that the account has been closed. This can be done by phone or online.

Not everyone knows how to close an IP bank account.

Closing IP account

In the event that the contract is terminated at the request of the client, it is necessary to inform the bank manager about this, who will provide a standard application form for closing. When the account is closed at the initiative of the bank, a notification about this will be sent to the entrepreneur in advance. Officially, no other documents will be required, it will only be necessary to hand over the checkbook if one has been issued, and in addition, the roots to it.

A record is made in the account registration book about the termination of the agreement by the bank. From this moment on, the debit and credit transactions stop, and the balance of funds is issued to the client within one week. In the event that within sixty days the owner does not appear to receive funds, and the organization does not have instructions ontransferring finances to any other details, they are sent to a special account of the Central Bank.

Starting from 2014, the legislation does not oblige clients to notify the tax office and funds about the procedure for closing a current account, as the message about this is sent by the bank itself. But if anyone needs to be notified on their own, it is business partners, so that they do not unknowingly pay for an inactive requisite.

How to open a closed bank account?

To do this, you need to come to any office with documents. As a rule, a passport is required, and in addition, a TIN, if any. You should write an appropriate application and conclude a new contract with the financial structure.

Customer Reviews

According to the stories of clients, as part of closing a bank account, it is necessary to make sure, first of all, that a person does not owe anything to the bank. After that, you must notify the financial institution of your desire to terminate the service agreement with it and receive written confirmation. This procedure is reportedly usually fairly quick.

In particular, people in the comments advise making sure that the bank destroys all personal data, otherwise annoying messages will continue to flow to the former client in an endless stream.

Thus, in order to get a closed bank account as a result, it is necessary to submit an application for termination of the relevant agreement. Within one week after receiving this document, the financial institution issues the client the balance of funds in cash (or can transfer them through a payment order).

There are situations in which the bank terminates the account agreement on its own initiative. For example, if there is no money on the client's payment instrument for two years, and he does not carry out any operations. In such a situation, the institution has the right to refuse to fulfill the contract. In such cases, the person receives a notification from the bank and two months after the notification, the agreement is considered terminated (provided that funds have not been credited to the account during this period).

We looked at how to quickly close a bank account. We hope the information provided will be useful.