There are so many reasons to close a bank account. But everyone has their own personal or professional reason to do it. In this guide, I will tell you how you can close Commonwealth National Bank account.
If you think you will no longer need an account or you don’t want to use it. Then the best thing you can do with it is close it.
The process of closing down the account is very easy. The thing is you just need to know the right way to do it. And in this guide, I will tell you the offline method and not the online method. (offline has a high success rate)
But before you approach the bank and request it to close your 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 make sure that there is no negative balance. In case if you have then you will have to clear it.
The second thing is you have to move all your automatic payments and direct deposits to your alternative account. This is very important if you don’t do it then all your payments will start failing after your account is closed.
If you already have an alternative account with you then that is fine. But in case if you don’t have it. Then I highly recommend you to open a new one before you close your existing one.
There simply too many banks in the United States of America. You can choose any bank which you feel is the right one for you.
And in case if you need help in choosing your next bank. Then you can refer to this list of questions that you can ask the bank before opening an account.
Steps to Close Commonwealth National Bank Account
If you hold an individual account with the bank. Then you can follow the steps mentioned below. But in case if you hold a joint account, then refer to this linked guide.
- Locate the nearest branch of Commonwealth National Bank near you.
- Take your 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 and bank 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 the process that you have to follow. Also, keep in mind that if you are closing the account too early after opening it. Then the bank may ask you to pay the account closing charges.