Money

How to Close a Bank Account: What to Check First

2 min read

In this guide
  1. Quick answer
  2. How long does closing take?
  3. Why check pending items first?
  4. Are there fees for closing?
  5. Common mistakes
  6. FAQ
    1. Can the bank refuse to close my account?
  7. Key takeaways
  8. Related guides
  9. Sources

How to close a bank account: most of the time you can close an account whenever you want, but your bank or credit union may require you to settle your balance before closing an overdrawn account. If you are leaving a country, closing accounts properly protects your record and your future banking.

Quick answer

  1. Call your bank or credit union, or go in person, and give them your account information.
  2. Settle any overdrawn balance.
  3. Make sure there are no outstanding or pending checks, fees or automatic payments.

How long does closing take?

Once you make a request, state law generally requires banks and credit unions to close your account within a reasonable amount of time.

Why check pending items first?

Causing checks or automatic payments to bounce may result in fees and affect your ability to open another checking account in the future.

Are there fees for closing?

Some banks or credit unions may charge a fee if you close your account shortly after opening it. Check whether yours does.

Common mistakes

  • Closing the account while a rent check or subscription is still pending.
  • Leaving an overdrawn balance unpaid.
  • Not checking for an early closure fee.

FAQ

Can the bank refuse to close my account?

It may require you to settle an overdrawn balance first.

Key takeaways

  • Close in person or by phone with your account details.
  • Clear pending items, fees and automatic payments before closing.

Last updated: October 2026. This guide is general information, not legal advice.

Sources

  • Consumer Financial Protection Bureau: Can I close my account whenever I want?

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