If you have decided to close your bank account then there might be some reason for that. In this guide, I will tell you how you can close Abacus Bank account.
The process is very simple. Before you can approach the bank and ask it to close your account. You will have to prepare your account to be closed.
The first thing is you will have to make sure that there is no pending dues or negative balance in your account. If you have any then you will have to clear those.
The second thing is you will have to move all your automatic payments and direct deposits to your alternative bank account. This step is very important to make sure that all your payments are running.
If you already have an account with any of the banks. Then you are good to go and start with the process of closing down your account.
But in case if you don’t have an alternative bank account. Then I highly recommend you open a new account before you close down your existing account.
There are so many banks that are operating in the United States of America. You can choose any one of them for your next account.
And in case if you need help in choosing your next bank. Then you can refer to this list of questions you can the bank officials before opening an account with it.
Based on the answers you receive from the officials. You will be able to decide if you should open the account with it or should look for a different bank.
Steps to Close Abacus Federal Savings Bank Account
If you want to close an individual account then follow this guide. But in case if you want to close a joint account. Then refer to this linked guide.
- Locate the nearest branch of Abacus Federal Savings Bank near you.
- Take your passbook, unused cheques, debit card, 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 and account number.
- Provide the details and show them your identity proof document.
- Bring down your account balance to zero.
- Collect an account closure request form.
- Fill the form, sign it, and submit it to the bank officials.
Conclusion
This is how you can close your account offline. If you want to close it online, then you can contact the bank. Also do keep in mind that the bank may ask you to pay the account closing charges. If you are closing the account within 1 year of opening it.