If you wish to close your bank account then no one can stop you. Not even the bank, but there are few things you should take care of. In this guide, I will tell you how you can close Beal Bank account.
The process is very simple, but I don’t recommend you close the account online. Instead, follow the offline method and it will more stress-free for you.
When you have direct interaction with the bank officials. You will be properly informed if your request to close the account is approved or not.
This is not the case when you do it online. There is no doubt you will be communicated. But it will cost you more time which is not a good thing. Your one last visit can help you get your account closed with ease.
But before you start the process check your bank account balance. And make sure you don’t have any negative balance in the account.
If you have then pay all the pending dues and negative balance. Because the bank will not allow you to close the account until you clear all the dues.
The next thing is you have to cancel all your automatic payments and direct deposit. Because once the account is closed all your payments will start to fail.
So you can cancel the payments from the Beal Bank account. And set them up with your alternative bank account. This will ensure all your payments are working.
If you already have an account with another bank in the United States. Then that is good you can start the closing process right away.
But if you don’t have an alternative bank account. Then I highly recommend you to open one before closing the existing account you have with Beal Bank.
Steps to Close Beal Bank Account
If you have an individual account with the bank. Then you can follow the steps mentioned in this guide. And in case if you hold a joint bank account then follow this linked guide.
- Locate the nearest branch of the Beal Bank near you.
- Take your bank passbook, unused cheques, debit cards, and identity proof document with you.
- 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, bank account number, and the reason for the closure.
- Provide the requested information and show your identity proof document.
- Make your bank account balance zero.
- Collect an account closure request form.
- Fill the form and submit it to the bank officials.
Conclusion
You are required to carry an identity proof document’s original copy to prove your account ownership. And if you are closing the account too early. Then you may be asked to pay the account closing charges.