Follow these steps when closing a bank account. Whatever the reason for making a banking change, you’ll likely want to close your old bank account.Ĭlosing a bank account is not complicated, but there are specific actions everyone should take so the account is closed correctly and all of your money is accounted for prior to closure. It could be that you’re moving and need to find a new bank, or you simply want to switch banks to take advantage of better interest rates. As your banking needs change, you may find yourself in a situation where you need to close a bank account.
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