How to Close a Joint Bank Account?

Joint bank accounts are great when two or more individuals or entities want to open a bank account together. Usually, the business partners and close relatives open this kind of account. Well, that is one part of the story. Today I will tell you the process to close a Joint Bank account.

Here you should understand that there is no special thing that you need to do. Everything remains that same as that of closing an individual account. But here all the holders of the account need to provide consent to the bank. And the other very important thing is you can not close the joint bank account online.

All or any one of the account holder has to personally visit the branch of the bank with the signature of all the holders of the account. However if possible I would recommend all the holders of the visit to the nearest branch of the bank. So this means there is only an offline method to do this.

The first thing I would like to tell you is to make sure you have an alternative bank account. In case you don’t have one thing you should open a new bank account. All you have to do is find a bank which you feel is the right one for you. And open an account with that bank.

But before you start the process to open the account with the bank. Consider asking these questions to the bank. When you ask these questions you will find the answer to the question “Is this Bank Right for Me?”. If you are satisfied with the answers of the bank then you can go ahead and start the process.

Also, make sure that you don’t have any dues pending or negative balance in your joint bank account. In case there is a negative balance. Then speak with all the holders of the account and get it cleared. Because until and unless you clear all the dues the bank is not going to allow you to close the account.

Steps to Close a Joint Bank Account

Close a Joint Bank Account

Now you know the preliminary things you need to take care of. Now assuming you are ready with the preliminary things. Let me tell you the steps you need to follow.

Steps to Close a Joint Bank Account:
  1. Make arrangements for an alternative bank account. (Individual or Joint)
  2. Bring down the bank account balance to Zero.
  3. Divide all the funds or whatever assets you have withdrawn from your account. (between all the account holders)
  4. Stop all the automated transactions you have set up in the account.
  5. Call the customer care of your bank and ask if there are any bank account closing charges.
  6. Also, ask if they require all the account holders to be present at the branch of the bank.
  7. Visit the nearest branch of your bank with an identity proof document of all the account holders.
  8. Collect and fill the joint bank account closing application form.
  9. Get the application form signed by all the account holders.
  10. Submit the duly filled and signed application form to the bank officials.
  11. The account will be permanently closed within 2 working days.


Please note that if you have brought down your account balance to Zero. Then it does not mean your account is closed. So please follow the proper steps to avoid any issues in the future. Once the bank starts the account closing process your bank account number will no more be longer and you will not be able to use the account in any way. For more details I recommend you contact the customer care of your bank.

References Used:

Legal Information

Account Closers is not an Official Part of Any Bank. All the Guides Published by Us are for Educational Purposes Only. The Logos and Trademarks are the Properties of their Respective Owners. We Do Not Collect Anykind of Sensitive Information from our Readers. All the Forms Including the Comment Form are Disabled. This is done to Make Sure there is a Safe Environment for Our Readers. For more Refer to Our Legal Aspects Page.