Your bank may require an account closure request with both account holders’ signatures if you’re closing a joint account. Many banks, however, only require one account holder’s authorization.

You’ll receive any remaining balance: The bank typically mails you a check for the money left in your account. It may be reported to ChexSystems: If the closure was due to suspected fraud or ...

— Criminal conviction Keeping an account overdrawn for 60 to 90 days is a common reason a bank may close your account, says Teri Williams, president and chief operating officer at OneUnited Bank.

So you go to use your debit card to make a purchase or withdraw cash, or you try to pay a bill from your checking account, only to find out that your card has been declined, your transaction ...

I’ll walk you through how to close a business bank account — from opening a new account (if necessary) and settling the old one to gathering the necessary documentation to process the closure ...

Closing a bank account isn’t complicated, but there are actions you can take to ensure the account is closed correctly. Here’s a guide to know the process.