How Do You Close An Online Savings Account?
Individuals who switch banks or encounter a change in personal finances may no longer need their online savings account. While keeping such an account when not in use will not negatively affect your financial circumstances or credit score, some individuals choose to close the account to simplify their lives. Discontinue all use of the savings account. Remove your money through an electronic transfer or wire, or ask the online bank to send you a physical check. Disconnect the account from any automated deposit or payment services that you may have used. Check your online account’s transfer records to ensure you have no checks waiting to be cleared or similar pending transactions. Write a letter to the customer service department for the bank. Ask that your account be closed and include your bank account number (noted on your most recent statement) as well as personally identifiable information such as your name, mailing address and telephone number. Sign and date, then make a photocopy
