There are two things that you need to take care of before you approach the bank to close the account. So let us first discuss those. And then learn the closing process.
The first thing is you have to check your account balance. Here you have to make sure that there is no negative balance or pending dues in the account.
In case if you have any then you will have to clear those to the bank. If not then the bank will not allow you to close your account.
This step is very important. Because if you don’t do it then all your payments and the deposits will start failing once your account is closed by American Exchange Bank.
Steps to Close American Exchange Bank Account
Follow the instructions given below if you want to close an individual account. But in the case of a joint account follow this linked guide.