Ways to close a Chase Bank account: Consumers in the United States now have more options and financial advantages due to the competition among the leading banks. That’s why you can now open a free checking account or a high-yield savings account, both of which multiply your money. Stay with it until the end, even if you don’t need as many accounts open anymore or you’re not convinced by Chase’s hidden fees and charges. Here’s how you can close your Chase Bank account in a few steps.
How to close an account at Chase Bank?
You may have thought it was a good idea in the past to open an account at Chase Bank. Let’s face it! Things change.
The result would be a loss of less than $ 330 a year in your pocket if you kept an account subject to a minimum balance. It is important to factor in monthly service fees, bank transfer fees, and an Annual Percentage Yield (interest rate) that does not meet your expectations.
There are many reasons to close your checking or savings account at Chase, and many of them have nothing to do with the strength or quality of the bank. You may want a bank that offers a higher rate of interest in the United States, or you might want a bank that charges less fees and surcharges, such as a credit union or an online bank.
Regardless of the reason for your request, we will be able to assist you! Here’s how to close a Chase Bank account once you’ve decided to do so.
Can I close a Chase Bank account online?
Yes, this is actually the easiest way to accomplish the task. Follow these steps:
- Sign in using your Chase Bank credentials on the online platform.
- Select “Secure message centre” from your account’s options menu.
- On the next page, you will find a list of solutions. This range includes the possibility of closing the account.
- You’ll be asked a series of questions when you click there. Simply specify the account you want to close, the reason for closing, and you’re done!
You will receive a communication from Chase Bank within 1 or 2 business days, at most, if you completed all the steps. Fortunately, this is not a complicated process.
Your identity will be verified by a representative from the bank. It may also be necessary for them to ask you the reason for the closing of your account, so they can assist you in switching to another type of Chase account that is more suitable for your new situation: CDs, credit cards, retirement plans, etc.
It means they will do everything in their power to keep you as a customer! If you wish to open a new account in Chase Bank (a different account from the one you have now, of course) you can request those conditions or you can stay firm and ask that the account be closed.
Take note. Even though closing your Chase Bank account online is relatively quick, closing your account after completing the application can take 3-5 business days. Be aware of this before closing your Chase Bank account.
Keep Reading: What types of bank accounts exists in the United states?
Can I Close a Chase Bank account by phone at 1-855-280-4198
To close your bank account, you can call the Chase Bank 1-855-280-4198 phone number. It is recommended that, before picking up the phone, you have a couple of important details at hand, such as:
- Date of birth
- Account number for Chase
- Email address registered with the domain
An agent from the bank may ask additional questions to confirm your identity and make sure you have not been the victim of credit card fraud. What can I ask you? Your Chase username, your number of bank accounts at the financial institution, and whether or not you have active check books, among other things.
When the representative has verified your identity, they will order the closing of your account. The entire process should be completed within 1-3 business days.
Close a Chase Bank account in person
Visiting the bank of your choice directly is the fastest, but also most inconvenient way, to close an account at Chase.
This online tool allows you to find the branch closest to your home or office, thus saving you a great deal of time. Take a look at our article ” Chase Bank Hours ” before leaving home to see if the branch is open. Otherwise, you will have to return on a different day.
You can simplify things even more by closing your account with an appointment if you want to minimize waiting time. Chase Bank offers personalized attention to its customers and making an appointment is not difficult.
Close a Chase Bank account by mail
Despite its declining popularity, mail-in closures of bank accounts are still an option. If you wish to go here, please enclose a communication including your signature as well as the signature of all other account holders (if any). If you want, you can give a reason for closing: it’s your call.
Send the communication by postal mail to the following address once it is complete:
National Bank By Mail
PO Box 36520
You can use the Chase rush PO Box if you want to speed up the process. The communication only needs to be sent to the following address:
National Bank By Mail,
PO Box KY1-0900
416 West Jefferson, Floor L1
Closing a Chase Bank Account in a Chase Bank Branch
The process of closing a Chase Bank account at a Chase Bank branch does not take long. However, you will need to present a national identification card to do so.
You can close your Chase Bank account by visiting your nearest Chase Bank branch. A bank representative will guide you on how to close your account.
How to close your Chase bank account
We’d like to give you a few tips for closing your Chase Bank account quickly, easily and without causing you any headaches. Make sure to do the following before closing your account:
- Open a second bank account. Compare several options to determine which savings account is best for you, whether it is a Money Market Account, a kids’ savings account, or a better savings account than the one you have. Alternatively, active bank accounts can be used as recipients.
- Automated payments and affiliations should be eliminated. Automatic payments can easily be cancelled. Take advantage of the opportunity to move recurring payments to another bank by logging into Chase. Streaming subscriptions, computer programs, cable TV, etc. should also be checked. Changing your AT&T bill payment method immediately is advised if you pay with a Chase Bank debit card in an automated way.
- Keep your account balance at zero. Before doing so, you should download the account statements so you can file your taxes later. Ensure there are no pending bank overdrafts. Once you have everything in order, transfer the balance to another account in your name. Money can be transferred easily from Chase to Bank of America or any other American bank. A simple ABA code is usually all that is required. If you have a Zelle account, you can even send money between accounts for free!
Does closing a bank account affect your credit score?
You won’t be affected by closing your Chase bank account as long as you follow all the steps on time. Your transactional activity is irrelevant to the credit bureaus because they cannot see the information in your account.
There might be a problem if you have a negative overdraft balance; one you haven’t cleared in a long time. If you pay off the overdraft before closing the account, it shouldn’t affect your credit score.
Chase provides very effective methods to suspend your account with them, as you can see. If you prefer, you can call them or close your account online. You can also visit a Chase branch if you feel more comfortable doing it in person. Remember to close the account before you leave. Be sure you have no outstanding debit card balances, and wait until all debit card transactions are cleared before withdrawing most of your funds.
Do I need to present a death certificate if I want to close an estate account?
Yes, or at least a legible photocopy. If you manage someone else’s account after death, you will need the proper documentation to access the account. Although photography or photocopying will work in most cases, the company reserves the right to deny assistance if the documentation does not match their procedures.
Does Chase charge a fee to close an account?
You will be charged a fee of 25 USD if your account hasn’t been opened for 90 days. Be sure to account for any other maintenance fees or overdraft fees after closing the account.
What happens if I don’t close the bank account?
It generally dissolves in 3-5 years if not closed. If funds remain in the account, they will be forfeited to the state. A failed account will continue to incur monthly maintenance fees, so it is never a smart idea to leave it open. If the account balance is negative when the account closes, the financial institution may report the balance to the credit bureaus.
How satisfied are you to close a Chase Bank account? With many people moving on to smaller banks or not-for-profit credit unions, would you too? Let us know in the comments below.