You can close your Chase account in four ways: by visiting the Chase Bank website, calling customer care, visiting a branch, or emailing. This closing idea mostly comes when you operate multiple bank accounts.
You have probably realized that maintaining a minimum balance, annual service charges, and overdraft penalties is a headache.
Moreover, it will also not provide you with any financial benefit like a large amount as a return on your deposit. So, having multiple bank accounts may be another great reason to close an account, as it does not require.
Because, if you operate several accounts, it is mandatory to transact on a monthly or quarterly basis. Also, failing to maintain banking charges can affect your credit score as it will lead to overdue.
Most of the time we don’t care or often we forget that I have another account too. You will have to pay all the banking charges for an active account instead of getting a return on your valuable deposit. In this case, it is better to close your account.
Can I close my Chase Account?
Chase Bank is one of the largest banks in the United States. You can use it by opening an account, whether you are a resident or not.
Just as you can open an account at Chase Bank, you can also close it. Chase Bank does not charge any account closure fee, it is absolutely free.
But, to maintain the account you will have to pay an annual fee and other charges. And also maintain a minimum balance.
Hence, to avoid charges and minimum balance, it is better to close your account. You can use any one of the 4 methods to close your account. So if you don’t want to keep your account active, you can easily close it.
Before closing, make sure you’ve completed these steps
But as always, we are again here to help you with how you can close your account, but before you close your Chase account, make sure you have a new bank account. Recheck and clear all your most recent statements such as water, electricity, gas and rent bills. Now, add all your utility bills or transfer them to your new account.
Pay all these required dues and all subscriptions should be transferred to your new account within 10 days.
- Transfer your online subscriptions, such as Amazon Prime, Netflix, Apple Music, and Spotify from your Chase checking account to your new account.
- Do not keep a negative balance, if it is negative then do zero balance before closing the account.
- Clear any periodic or semi-annual restructuring charges and transfer them as well.
- Transfer your Chase checking account balance to your new account.
- If you are getting your salary in your Chase checking account, transfer it to your new bank at least one full business day before you close it.
- This is an essential step to make sure your Chase account has a zero balance before it is closed.
Steps to Close Your Chase Account in 4 Ways
If the above steps are completed then you are now ready to close your account. The easiest way to close your Chase checking account online i.e log in to the Chase Online Banking website.
1: Online Chase bank website
Click on the Secure Message Center and send your account closure request via email. You will receive a response within 2 business days confirming the closure of your account.
2: Calling Customer care
It is another way to call the official support centre at 1 800 935 9935 and request to close your Chase account.
3: Visiting a branch
Visit your nearest local Chase branch and speak to an executive of the accounting department. Make sure you have identity proof, such as social security number, valid ID, address details, pin number, etc.
4: By Sending an email
You can also submit your closing request in writing to the National Bank by mail, or post office. Box 36520, Louisville, KY 40233-6520. For expedited delivery, mail to National Bank, Code KY1-0900, 416 West Jefferson, Floor L1, Louisville, KY, 40202-3202.
Does it affect credit score?
Generally, there is no effect on your credit score. Your bank account information is not private to credit departments and therefore cannot report your transactional diligence to the credit bureaus.
But, the problem can arise only if you have a negative overdraft balance, which you have not paid for a long time. However, it does not matter, if you pay the negative overdraft before closing your account. This way, it may not leave any bad marks on your credit score.
FAQs
Yes, you can close your Chase account in 4 ways – By visiting the nearest Chase bank, online, by calling and by sending mail.
No, you can not close your Chase account with a negative balance. You should have zero balance in your account.
You can close your Chase account online by visiting the Chase bank website. Log in and click on the Secure Message Center and send your account closure request via email. You will receive a response within 2 business days confirming the closure of your account.
