There are so many banks in the United States of America. And every bank is good and at the same time bad in its own way. But sometimes we have to break our relationship with the bank. In other words, we have to close it. In this guide, I will tell you how you can close Five Star Bank account.
There is no rocket science involved in the process of closing the account. But if you know the steps then you will be able to do it easily. And in this guide, I have explained an offline method. And this method works for almost all the banks in the USA. There are two things that you need to take care of before you can approach the bank.
The first thing is you will have to make sure that there is no negative balance in your account. If you have any kind of dues pending. Then you will have to clear those. The reason is the bank will not allow you to close the account until you bring down the balance to zero.
The second thing is regarding your account’s payments. You will have to cancel all your automatic payments and direct deposits. And set them up with your alternative bank account. This is a very important step and if you don’t do this then your payments will start failing.
Steps to Close Five Star Bank Account
If you have decided to close an individual account you can follow this guide. But in case if you have a joint account and want to close that. Then you can follow this linked guide.
If you want to close your account online. Then you can contact the bank to learn more about that. Also, keep in mind that if you are closing the account too early after opening it. That is within one year. Then the bank may ask you to pay the account closing charges.