There are a lot of banks in the United States of America. And this thing is good for the consumers. That is because multiple banks actually in thousands. It builds up competition in the industry. And when there is competition in any industry, the ultimate winner is the consumer. So if the consumer does not like a bank, he or she can switch to another bank. In this guide, I will tell you how you can close Guaranty Bank & Trust Bank account.
You have the right to close your account and not even the bank can stop you. But there are a few terms and conditions you have to comply with. I will explain to you that one by one. Let me begin with the balance you have in your account. There should be no negative balance in your account. If you have any negative balance or pending dues. Then you will have to clear those before approaching the bank to close your account.
This is very important because the banks don’t let the customers close the account with negative balances. The next thing is about the payment that is running on your bank account. I am talking about automatic payments and direct deposits. These will start failing once the account is closed. So you will have to cancel all of those. And set them up with your alternative bank account.
If you already have an account with you then that is great. You can begin with the steps to close the account. But in case if you don’t have. Then I highly recommend you open a new account with another bank before closing your existing account. If you need help in choosing your next bank. Then you can refer to this list of questions you should ask the bank before opening the account.
Steps to Close Guaranty Bank & Trust Bank Account
I don’t recommend my readers to rely more on closing the account online. That is because of the low success rate of closure. So I have explained an offline method below. If you hold an individual account with the bank. Then follow the steps explained in this guide. But in case you hold a joint bank account with the bank. Then follow his linked guide.
- Locate the nearest branch of Guaranty Bank & Trust 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, account number, and the reason for the closure.
- Provide them the details and show them your identity proof document.
- Make your account balance zero.
- Collect an account closure request form.
- Fill the form, sign it, and submit it to the bank officials.
How to Contact the Bank?
If you want to get more information about closing your account. Then you can get it by contacting the bank. You can do that by calling customer care, using the official website. And also by messaging the support team on the official social media profiles of the bank.
- Official Website: www.gnty.com
- Phone Number: (888) 572-9881
- Facebook: www.facebook.com/gntybank
This is how easy it is to close your account by visiting the branch of the bank. But you also have to 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. However, these charges depend upon the type of account you hold with the bank. And the time when you are closing it. So I recommend you to contact the bank directly and ask them about the charges. (if any)