If you have a bank account then you own it and you also own the right to close it. But there is a proper way to do it and that is what we will learn today. In this guide, I will explain to you the process to close 1st Summit Bank account.
The process is really very simple but before you reach the bank. You will have to prepare your account to be closed. This includes two steps.
The first step is to check your balance and make sure that there are no pending dues. Because if you have any pending dues or negative balances. Then the bank will not allow you to close the account until you clear those.
The second step is to make sure that you move all your automatic payments and direct deposits. You have to set them up with your alternative bank account.
If you don’t do this then all your payments will start failing once 1st Summit Bank closes your account. And keep in mind that you manually need to do it the bank will not do it for you.
The method that I have explained in this guide is an offline method and not an online method. I usually don’t recommend the online method because of the low rate of sucess.
Steps to Close 1st Summit Bank Account
If you are planning to close an individual account then you can follow this guide. But in case if you are planning to close a joint account then follow this linked guide.
- Locate the nearest branch of 1st Summit Bank near you.
- Take your bank account-related stuff with you. (debit card, passbook, unused cheques, and identity proof document)
- Visit the branch of the bank and go to the helpdesk.
- Speak with the bank officials and tell them that you want to close your account.
- The officials will ask for your name, account number, and the reason for the closure.
- Provide them the details and show them your identity proof document.
- Make your bank account balance zero.
- Collect an account closure request form.
- Fill the form, sign it, and submit it to the bank officials.
Conclusion
Other than these things you should also keep in mind that. If you are closing the account within 1 year of opening it. Then the bank may ask you to pay the account closing charges. For more details about the fees and charges, you can contact the bank.