How to Close Bank of America Checking Account: 10 Steps

How to Close Bank of America Checking Account: 10 Steps

Closing a bank account can be a daunting task, especially if it is with a large bank like Bank of America. However, there are times when it becomes necessary to close a checking account, whether it is due to financial difficulties or simply wanting to switch to a different bank. Here are 10 steps to follow when closing a Bank of America checking account.

Step 1: Review your account

Before closing your Bank of America checking account, it is important to review your account to ensure that there are no outstanding transactions or fees that need to be addressed. This can be done by checking your account statement online or by visiting a Bank of America branch.

Step 2: Transfer funds

Transfer any remaining funds from your Bank of America checking account to a different account before closing it. This can be done by transferring funds online, visiting a branch, or writing a check to yourself and depositing it into a different account.

Step 3: Cancel automatic payments

Make sure to cancel any automatic payments or direct deposits that are linked to your Bank of America checking account. This can be done by contacting the companies or institutions that are making the automatic payments or deposits and providing them with your new account information.

Step 4: Contact Bank of America

Contact Bank of America by phone, online, or by visiting a branch to notify them that you want to close your checking account. Be prepared to provide your account information and a reason for closing the account.

Step 5: Request a written confirmation

Request a written confirmation from Bank of America that your checking account has been closed. This can be done by phone, online, or by visiting a branch.

Step 6: Destroy your debit card and checks

Destroy any remaining debit cards and checks associated with your Bank of America checking account to prevent them from being used fraudulently.

Step 7: Verify closure

Verify that your checking account has been closed by checking your account statement or contacting Bank of America.

Step 8: Monitor your credit report

Monitor your credit report to ensure that there are no unauthorized transactions or accounts associated with your Bank of America checking account.

Step 9: Open a new account

Once your Bank of America checking account has been closed, open a new account with a different bank if necessary.

Step 10: Keep records

Keep records of all transactions related to the closure of your Bank of America checking account, including any fees or outstanding balances.

Closing a Bank of America checking account can be a simple process if you follow these 10 steps. Remember to review your account,transfer funds,cancel automatic payments, contact Bank of America, request a written confirmation, destroy your debit card and checks,verify closure, monitor your credit report, open a new account, and keep records.