If you have decided to close your bank account for any reason. Then you have all the rights to do it. But at the same time, you have to follow the terms and conditions of the bank. In this guide, I will tell you how you can close American Equity Bank account.
Before you approach the bank and tell the officials that you want to close the account. There are two things you need to take care of regarding your account. The first thing is you have to check your account balance. And you have to make sure that your account does not have any pending dues or negative balance.
In case if you have any negative balance. Then you will have to clear those before you approach the bank. The second thing is you have to take care of your automatic payments and the direct deposits. You have to move them to your alternative bank account.
This has to be done before you close your account. If you don’t do this then all your payments and deposits will start failing once your account is closed. If you don’t have an alternative bank account with you. Then I recommend you get a new one before you close your existing account.
Steps to Close American Equity Bank Account
You can follow the instructions given below if you want to close an individual account. But in case if you want to close a joint account. Then follow this linked guide.
Along with these things you should also know about the account closing charges. If you are closing the account within one year of opening it. Then the bank may ask you to pay the account closing charges. If you need more information about these charges. Then I recommend you to directly contact the bank.