How to Close Bank Accounts During COVID-19?

The world and the world's economy has come to a halt due to COVID-19. Everyone around the globe locked themselves in the home to stop the chain of this virus. But now slowly the businesses are starting. Still, our life is not very normal. We are experiencing some changes like an increase in the usage of sanitizers and using the face masks. Ultimately people are afraid to go to places where they might find a lot of people.

Banks are one of those places where there used to be a lot of people.

Used to be?

What does it mean?

What I mean is due to COVID-19, the banks also have reduced the working hours. Almost all the bank around the world have done this. And when it comes to the crowd, people themselves are not ready to go to the bank or other public places. But what to do if someone wants to close the bank account during this pandemic?

Are there any chances to close the bank account without going to the branch of the bank?

Yes, there are 2 options for the people who want to close their account during the pandemic of COVID-19. And I will tell you everything you need to know about these 2 methods so that you can close your bank account without stepping into the public places.

You Can Call Your Bank and Close the Account

Yes, you heard it right you can close your bank account by calling the bank with whom you have the account. This mode of closing the bank account is not a new one. We had this option before the COVID-19 Pandemic as well. So all you have to do is find the customer care number of your bank.

If you don't know how you can find it then let me tell you.

The customer care contact number is usually printed on your debit card, checkbook, and bank passbook. But if you are facing difficulties in finding it. Then just Google it and you will find the contact number.

Call the customer care of your bank and tell them that you want to close the bank account. Then they will check your bank account and make sure that there no dues pending in your account.

If there are no dues then you will be asked to bring your bank account balance to zero. This is very important to close the account. Before calling the customer care of the bank you can transfer all your balance to another bank account of you.

And if you don't have another bank account then I think you should drop the plan of closing down your bank account. Once the situation gets better you can open a new bank account.

Once your new bank account is totally functional then you can take steps to close your account. After bringing the balance to Zero. Your bank account will be closed.

You Can Send a Written Request via Mail

To use this method you have to first write an application letter addressing your branch. In this application, you have to mention that you want to close your bank account along with the reason why you are closing it.

You have to mention you bank account number, your name, and your contact details. Make sure that you don't share any kind of PINs or passwords related to your bank account in the application letter.

This application letter has to be signed by the account holder of the bank. The bank will match your signature with the specimen they have in their records.

You have to send this application letter to the mailing address of your branch. Here I am talking about the branch where you had opened your account.

In case you don't know the mailing address of your branch then use Account-closers.com which is a bank account closing guide website to find the mailing address of your bank's branch.

If the details are matching and your bank account balance is zero without any dues. Then your account will be closed by the bank.

This is how you can close your bank account during the COVID-19 Pandemic. Also, learn how you can manage finances during COVID-19 by following this link here.