Get the free Existing Account Closing Form

This form is used to request the closure of an existing bank account and specify whether disbursement of funds is necessary or not.

How to fill out existing account closing form

How to fill out Existing Account Closing Form

1. Obtain the Existing Account Closing Form from your bank or financial institution's website or branch.
2. Read the instructions carefully to understand the requirements for closing your account.
3. Fill out personal information sections, including your name, address, and account number.
4. Select the type of account you wish to close (e.g., checking, savings).
5. Indicate the reason for closing the account, if required.
6. Specify how you would like to receive any remaining balance (e.g., check, transfer).
7. Sign and date the form to authorize the closure of your account.
8. Submit the completed form in person, by mail, or through your bank's online system, as per the institution's guidelines.

Who needs Existing Account Closing Form?

1. Customers who wish to close their existing bank accounts.
2. Individuals who are switching banks or consolidating accounts.
3. People who no longer need a specific account or are dissatisfied with their current banking services.

People Also Ask about

What is the procedure for closing a bank account?

Here's what you'll need to do: Speak with a Representative: Go to the bank and request to close your account. Submit Required Documents: Provide the documents needed to close your account, including your government-issued ID, account statement, and any required forms.

Can I close my bank account without visiting the bank?

You can log in to your internet or mobile banking and head to the service requests section. Then, fill out the closure form and upload the required documents. However, banks might still require you to submit physical documents like: Unused chequebooks and debit card.

Do I get charged for closing a bank account?

If you opened the account a short while ago (usually within the last 90 to 180 days), your bank may charge an early closeout fee. While these usually aren't steep, you can avoid getting hit with the penalty by waiting until you're past the window of time before closing your account.

How do I write to close an account?

Address the letter to the Branch Manager of your bank branch. Mention a clear subject: “Request for Closure of Bank Account”. State your account number and type in the first line of the body. Explain your reason for closure in a sentence or two (relocation, service dissatisfaction, etc.).

What is the best way to close a bank account?

You can close your bank account by calling your institution, visiting a branch location or logging into your online banking portal. Before you close your account, make sure you switch any automatic payments and direct deposits to a new account so your bills and paychecks stay on schedule.

How do I close an existing account?

You can do so by walking into your local branch, calling customer service, or logging into your online account. Regardless of which option you choose, it should take only a few minutes and typically doesn't cost anything — unless you're closing an account you just opened.

What is the proper way to close a bank account?

How to Close a Bank Account Find a New Bank Account. Before you close your bank account, you'll need to shop for a new place to keep your money. Settle Unpaid Balances. Update Your Direct Deposits and Bill Payments. Withdraw Your Balance. Get Written Confirmation.

How do I write an application for closing a bank account in English?

I, [Your Name], hold a Savings Account in your bank. Due to some personal circumstances, I am unable to maintain the account and would like to close it. Please find the account passbook enclosed with this letter. I request you to initiate the account closure process at the earliest.

For pdfFiller’s FAQs

What is Existing Account Closing Form?

The Existing Account Closing Form is a document used to formally request the closure of an existing account with a financial institution or service provider.

Who is required to file Existing Account Closing Form?

Typically, account holders who wish to close their existing accounts are required to file the Existing Account Closing Form.

How to fill out Existing Account Closing Form?

To fill out the Existing Account Closing Form, provide your account details, reason for closure, and any required identification or signature as specified by the institution.

What is the purpose of Existing Account Closing Form?

The purpose of the Existing Account Closing Form is to ensure that the account closure process is documented and authorized by the account holder.

What information must be reported on Existing Account Closing Form?

The information that must be reported includes the account number, account holder’s name, contact information, and reason for closure, along with any necessary signatures.