How to close a Chase checking or savings account? – Financial organizations are competing fiercely these days. If you’re considering cancelling your bank account and looking for a better choice, you might be able to discover one quickly.
Have you made up your mind? We’ll show you how to close a Chase checking or savings account in this tutorial.
Before you close your Chase account
The procedure for closing the account is straightforward. However, before canceling your Chase checking or savings account, there are a few things you should do first.
It’s critical to have another account open before closing your current one so you can move your funds there. Before you start the closure procedure, see if you need to register a new account outside of Chase.
2. Zero out the balance
The next step is to clear your account’s balance. As previously stated, any remaining monies should be transferred to another account. Using a bank account is usually preferable to carrying large amounts of cash.
3. Review auto drafts, subscriptions and deposits
Examine your statements carefully and transfer any auto drafts, such as utility bills or automobile payments, to a different account. Check that all of your subscription services, such as Netflix and Hulu, are still linked to Google Pay or Apple Pay.
Also, make sure to advise your employer or any clients of your new account information so that any money deposited goes to the right place. This is where having a fresh account set up ahead of time might help.
If your account has a negative balance or outstanding or unpaid bank fees, you should pay them off before closing it, as outstanding amounts can negatively impact your credit score with major credit bureaus.
How to close your Chase checking or savings account?
Currently, these are your options available to close a Chase account:
- The simplest way is to close the account online. Simply log in to your account on Chase’s website and use the ‘Secure message center’ option to send an email requesting the account be closed. You should receive an answer with follow-up questions and instructions within two business days.
- Go to a Chase branch and ask to speak with a banker. They can also assist you in closing the account. Verify your identity first using personal information such as your social security number, driver’s license, or identification card.
- Call the Chase Bank customer service number at 1-800-935-9935 and follow the instructions to verify your account information. From there, you can speak with a banker and request to close the account.
- Alternatively, submit a request via mail to: National Bank By Mail, P.O. Box 36520, Louisville, KY 40233-6520.
If you follow the guidelines on what to do before canceling your Chase account, you won’t have any negative effects on your credit score. There’s no reason your account should have a negative impact on your score if it’s in good standing with no outstanding fees or a negative balance.
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