#Key online banking delete old card how to#

Please send a check for any remaining funds in those accounts to the address below. List account name and account number for each closing request.Please close the following bank account(s): To do so, you can use the template below or a similar format.

You can write a letter to your bank to close an account. If Required, Send a Letter to Close Your Bank Account If there are any remaining funds in the account, you should be able to request a transfer to your new account or receive a check by mail. The bank will check your account to ensure it’s in good standing and that you’ve resolved any outstanding issues before it marks the account as closed. Follow your bank’s guidance on the proper contact method to start the closure process. Some banks and credit unions may require you to fill out an account closure request form or submit a written request. Many financial institutions allow you to do this online, but it could require a phone call to customer service or a visit to a local bank branch. Contact Your BankĬancel your bank account. If your bank account has a minimum balance requirement, only transfer money out of the account when you’re ready to close it so that you’re not charged a monthly maintenance fee. If you still have money in the account after everything clears, withdraw the money or transfer it to your new account. Failure to do so could result in having to pay overdraft fees. Transfer Your Moneyīefore you move money out of your account, let outstanding transactions clear. Having a list helps ensure you’ve canceled all of the payments attached to your old account, but you’ll also be prepared when you need to set them up for your new bank account. Check with your employer regarding any forms you need to fill out for direct deposit so your paycheck can be rerouted to the new account.ĭo yourself a favor and make a list of your monthly recurring payments. If you have any direct deposits or automatic payments set up, move them to the new account.

Switch Your Existing Scheduled Payments and Deposits Whether you decide on a traditional brick-and-mortar bank or an online bank, ensure you’ve established your new account before moving forward. Many factors go into choosing a new bank, including savings rates, fees and account offerings. Having an account in place ensures you have a place to transfer direct deposits and payments or debits. The first thing you need to do is open a new bank account. Be sure to check your banking institution for special requirements. The specifics for closing an account vary by bank and credit union. You’ll want to do some advance work to ensure a successful transition.

#Key online banking delete old card how to#

How to Close a Bank AccountĬlosing a bank account involves more than contacting your bank. Whatever the reason, consider the decision carefully to ensure you’re making the right moves for your financial situation. You’re switching from a child account to an adult account.You’re consolidating your bank accounts.You can get better features and services elsewhere.You want to escape poor customer service.Here are some of the more common reasons to move on from your current account: However, there are numerous reasons you might want to.

This guarantee may be modified or discontinued at any time.You don’t need a reason to close a bank account. Certain payments are not covered by this guarantee. You must contact us and provide the information necessary in order for us to review and provide reimbursement as applicable. We will reimburse you for any fees associated with a check payment that settles prior to the date you selected in Online Bill Pay. If a mistake is made by the Online Bill Pay Service, resulting in a late payment, we may also bear the responsibility for your direct losses or damages. Should a payment post to your account with the biller after the date that it was scheduled, we will bear the responsibility for late payment fees and interest charges accrued between the scheduled date and the date when the bill is paid. As long as your payment is scheduled in accordance with the guidelines described in the Online Bill Pay Service section of the Online Banking Service Agreement, we will reimburse you for any applicable fees charged if the payment settles earlier or later than the date you select.