How to Bring Down Bank Account Balance to Zero?

When you are planning to close the bank account which you don’t want to use any more. You should bring down the bank account balance to zero. The bank will ask to ensure that the balance is zero before the process of closing the account starts.

Here you should understand what the banks mean by the term Zero Balance. Your balance should not be positive as well as negative. In case you have excess funds in your account then refer to this guide to bring it down to Zero. And in case you have a negative balance, then you first have to clear that before you can close the account.

Methods to Make Bank Account Balance Zero

Make Bank Account Balance Zero

There are so many things you can do to ensure your account balance is Zero before you start the account closing process. I have mentioned a few of the methods which can help you to do so. Choose any one of the methods mentioned below and follow the instructions.

Use Your Debit Card

If the fund balance in your account is not a huge amount then you can make use of your debit card. Just find any of the ATM machines which are near to your location. Go to the machine and use your debit card to withdraw the money from your account. If your fund balance is huge then follow the methods explained below.

Personally Withdraw the Funds

The first option is to personally visit the branch of the bank and withdraw the funds. For this, you have to collect the withdrawal slip and go to the cash counter of the bank. Make sure that you have mentioned the completed balance in the withdrawal slip so that no fund balance will remain in your account.

Write a Self Cheque

If you have your cheque book then write a cheque in your name and go to the bank’s branch. Submit the cheque at the cash counter mentioning your full account balance. This method is very similar to that of the withdrawal. In case you don’t want to deal with the withdrawal slip. Then you can use this self cheque method.

Online Transfer

If you have an alternative bank account then you can add that account as the beneficiary and transfer all the fund balance online. For this, you will have to visit the official website of your bank. Login into online banking and initiate the fund’s transfer. You can also make use of the mobile banking application of your bank. (if available)

Request the Bank to Transfer the Funds

You can ask your current bank to transfer the funds to your alternative account during the process of closing the account. The bank will do it for you that is not the problem. But your bank might charge you for this last fund’s transfer they are doing for you. So contact the customer care of your bank and confirm if they charge for the transfer.


These are the 5 methods by following which you can bring down bank account balance to Zero. It is not recommended to make your account balance Zero well in advance. Make it Zero one day before or on the day you are closing your account to avoid charges for non-maintenance of sufficient balance.

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