If you have decided to close your bank account. Then this is the only guide you will need. In this guide, I have explained all the steps that you need to follow to close Provident Bank account. No matter what is the reason that made you decide to close the account.
You have the right to close it but you also have to follow the terms and the conditions of the bank. The first thing to start with the balance you have in your account. There should be no negative balance in the account. If you have any then you will first have to clear those.
This is very important because the bank will not allow you to close the account until you clear all the pending dues. The next thing you should note is once the account is closed by the bank. All your automatic payments and direct deposits will start failing.
So to ensure that none of your payments will fail you have to cancel all the payments from your Provident Bank account. And set up the same with your alternative bank account. Here the alternative account is the account with another bank other than the one you have with the Provident Bank.
If you already have an extra account to use then that is fine. But in case you don’t have any other bank. Then you should choose a good bank for you and get a new account opened. I recommend you do this before you approach the bank to close your existing account.
There are so many banks in the United States, that it gets hard to choose the bank. So if you need help in choosing your next bank. Then you can refer to my list of questions you should ask the bank before opening the account. Based on the answers you receive from the bank you will be able to decide.
Steps to Close Provident Bank Account
There is no online way to close the account, you only have the offline way. If you hold an individual account with the bank. Then you can follow the steps that are mentioned below. But in case if you hold a joint bank account, then follow the steps in this linked guide.
How to Contact the Bank?
This is how you can close your account if you can not reach the bank personally. Then call your branch the official will figure out some other way for you. But you have to keep in mind that if you are closing the account too early. Then the bank may ask you to pay the account closing charges.