No matter what is the reason that made you decide to close your account. I will guide you through the complete steps that you need to follow to close Silicon Valley Bank account. The process is easy but at the start of the guide, I want to make it clear that you can not close the account online. The only way to do it is an offline method.
Before we start you will have to make sure that there is no dues pending and negative balance in your account. Because if you have any then the bank will not allow you to close the account until you clear the dues. And the next thing is you have to cancel all your automatic payments and direct deposits.
Once you submit your request to close your account. You can not use it to make any kind of transaction. So before you close your existing account make sure you have an alternative bank account. If you already have an account with another bank then that is good.
But in case if you don’t have then there are so many banks in the United States. Choose a good bank for you and get the account opened. If you need help in choosing the bank then you can refer to my list of questions you should ask your new bank before opening the account.
Steps to Close Silicon Valley 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 bank account then refer to this linked guide. Because are little different steps that joint account holders should follow.
How to Contact the Bank?
If you want to get more information then you can contact the bank by calling customer care, using the official website. And also by messaging the support team on the official social media profiles of the bank.
The bank officials will also ask you to show your identity proof document. This is done to verify your ownership of the account you are closing. And in case if you are closing the account too early after opening it. Then the bank will make you pay the account closing charges.