Get the free ACCOUNT CLOSING FORM - West Suburban Bank

ACCOUNT CLOSING FORM Prior Bank Name Address City, State, Zip Code This notice is to inform you I am closing my accounts at your bank. Please close the following account(s): Name(s) on Account Number:

How to fill out account closing form

How to Fill out an Account Closing Form:

1. Gather the necessary documents: Before filling out the account closing form, make sure you have all the required documents ready. Usually, you will need your account information, identification documents (such as a driver's license or passport), and any other relevant paperwork provided by your financial institution.
2. Locate the account closing form: Contact your financial institution or visit their website to find the account closing form. It is typically available online or can be obtained in person at a branch. If you are unable to find it, reach out to the customer service department for assistance.
3. Provide your personal information: Start by entering your personal details accurately. This may include your full name, address, contact information, and account number(s).
4. Specify the reason for closure: Indicate the reason for closing your account. This can be due to various circumstances such as switching banks, relocating, or simply not needing the account anymore. Choose the appropriate option provided on the form.
5. Resolve any remaining balance: If there is a remaining balance in the account, you may need to decide how to handle it. The form will typically offer options such as transferring the balance to another account, receiving a check, or donating it to a specified charity. Select the option that suits your preferences.
6. Request account closure confirmation: Some forms may provide a section where you can request confirmation of the account closure. If this is important to you, ensure that you check or fill out this section to receive a confirmation notice or letter.

Who Needs an Account Closing Form?

1. Individuals closing a personal bank account: If you have a personal bank account and want to close it, you will need an account closing form. This could be due to various reasons, such as changing banks, consolidating accounts, or no longer requiring the account.
2. Businesses or organizations closing their accounts: In addition to individuals, businesses and organizations also need an account closing form when closing their bank accounts. This could happen when a business ceases operations or undergoes a change in structure.
3. Joint account holders: If you are a joint account holder on a shared bank account, both parties will typically need to fill out and sign an account closing form. This ensures that all individuals involved are aware of and agree to the closure.

Remember to always follow the specific instructions provided on the account closing form as requirements may vary between financial institutions. If you have any doubts or questions, it is advisable to contact your bank's customer service for guidance.

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What is account closing form?

Account closing form is a document required to be submitted by an account holder when they want to close their account.

Who is required to file account closing form?

The account holder is required to file the account closing form.

How to fill out account closing form?

The account holder must provide their account information and reason for closing the account in the form.

What is the purpose of account closing form?

The purpose of the account closing form is to officially request the closure of an account.

What information must be reported on account closing form?

The account holder must report their account number, personal information, and reason for closing the account.