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RoamingRedPanda
RoamingRedPanda

DP for Huntington: Auto closed after “90” days of zero balance. The letter they mailed says 90 days of zero balance and no activity, my math says it’s 3 statements closing with zero balance and no activity.

Captain Greg
Captain Greg

In general, when you zero a balance and then wait a few days to close, is there any risk of the bank trying to enforce a monthly fee? Is it better to keep money in there and transfer it during closing?

Mark
Mark

DP for Credit Union West. Easy to close account. Sent them a secure message, and then they emailed me a link via DocuSign to sign.

Yabba
Yabba

US Bank: Messaged to close, they emailed asking me to confirm address, replied to email with address = closed

CO
CO

DP: I was able to close a Huntington checking account with zero balance via live chat today
When you close over chat they said they must send a request to the back office, which will take a week or two

CO
CO

DP: you can close US Bank checking accounts over email (mine had a zero balance)

Sean X
Sean X

DP: EBSB (East Boston Savings, not to be confused with ESB, Easthampton Savings)
Closed by SM after being told not possible via phone. Had already zeroed balance.

Martin
Martin

Verity CU: Online chat with representative. They will sent you a link to their account closure form and a return email address. Filled out the form and sent back via email. Accounts closed on the next business day, remaining balance mailed back to me with a check.

Gesa CU: Closed with a phone call. Offered option to withdraw the remaining balance first, but I opted for a check for the remaining balance.

Wells Fargo: Closed with secure message and zero account balance.

Mark
Mark

DP: VAntage West Checking account.

Sent secure message on 7/28/2020, and they closed it on the same day. I received their confirmation via secure message.

Really easy and simple.

Gadget - Bank Bonus Geek

A DP about Wells Fargo not auto-closing… P2 had met the DD requirements for the month to waive the fee, but moved all money just under a week before the statement close hoping they would close it, and they did not auto-close. If was fine – no fee charged – but had I just assumed it went to plan, it could have got a fee next month/overdraft, etc. SM sent today to close – Awaiting response.

In August of last year, WF did auto-close my checking account when I was actually planning on keeping the account for a few months. So, YMMV on that.

A few months ago (pre-corona) I had a huge reminder to handle things online or by phone whenever possible, too. While my vehicle was getting serviced nearby I thought I had some time to kill, I decided to walk into a WF Branch to close a WF savings. Painful experience. Took about 30 minutes. First, had to wait just to see a banker, got asked a bunch of questions why, if there were any other products I needed, my goals, the weather, vacation plans, small talk, etc, then had to stand in line for a teller to get the remaining acct balance.

The bottom line, don’t close in-branch unless you have no other options.

Gadget - Bank Bonus Geek

WF SM Response at 5:30AM ET: “I closed your account, effective 07/25/2020.”. Also, shows as closed in online banking.