Posted by William Charles on January 20, 2016
Bank Account Bonuses

Published on January 20th, 2016 | by William Charles


What Are The Easiest Ways To Close Bank Accounts?

I’ve recently started opening a few different bank accounts for the sign up bonuses, I’m wondering what the easiest way to close these accounts is?

First of all you’ll want to make sure your bonus has posted and your account has been open long enough to avoid any early account termination fees (this is listed in the fee schedule and we also list it at the top of every bank bonus we post to save you some time). I then try to close the account in the following order:

  1. Send a secured message
  2. Phone call (if not allowed, ask about three)
  3. Send a signed certified letter
  4. Go into the branch

Once the account is closed, it’s also a good idea to record the date when the account was closed (along with the opening date and the date you received a bonus).  As it’s often possible to get the sign up bonus more than once in a life time and sometimes they exclude people based on when their account was last closed.

Leave a Reply


newest oldest most voted
Notify of

Didn’t know where to post this but will you write a post on 4X ebay bucks promo that many of us have received today, and if there are any good GC deale available to stack?


Is it easy to downgrade Citigold to Basic checking this way as well?

Drew R
Drew R

I was in a live chat that somebody was downgrading it for me, until my computer literally crapped out mid convo – but the rep said he could do it over live chat before then, so that should work.

I later sent a secure message because of fear I’d get disconnected again over chat. They sent an SM back the next morning confirming the decision and that worked as well.


Doc, what percent of the time is number one successful?

I do the branch thing when I can because it is fool proof but I would prefer to avoid that hassle. I did a phone closure with Bank of America. Most of the accounts I need to close in the next year do not have branches in my state.

Certified mail sounds extreme.

Thanks for everything here.


Chase depends on the account balance. I just tried the other day by SM, so I have the thresholds.

You can also always close an account (with any amount) in person at a branch with valid government issued ID. However, they may charge you for a bank check. I have never been charged for a bank check if closing via phone or SM.

Under $50: Secure Message (tell them if you want the balance transferred to another account, or if you want a check mailed).

Under $5,000: Through phone call (again, any balance remaining they will mail or can transfer to another account).

Under $100,000: Via written request, including the name as it appears on the account, full account numbers, full social security number, current address and phone numbers and how you want to receive the balance remaining (mail or transfer to another account). Note, that if your balance is over $1,000, the letter must be notarized.


The mailing address is: JPMorgan Chase, National Account Closing TX3-7861, PO Box 659516, San Antonio TX 78265.


Here’s some updated information on closing Chase accounts. I contacted them via secure message on the Chase site to request they close my accounts and here was their reply:

[…] here are the options for closing your accounts:

1. Reply to this message or call us at the number listed
below (only for accounts with a balance below $5,000;
other limitations will apply if your address recently

– Tell us why you are closing the account.
– Tell us how you want to receive any money that remains
in your account. There are two options: either by U.S.
mail or account transfer to another Chase deposit account
you own (include the account number).
– Confirm your mailing address, even if your balance is

2. Visit any of our branches and present a driver’s
license or other valid government-issued photo ID.
– You may have a 30 minute wait to speak to a branch
banker. To avoid the wait, you can call the branch and
schedule an appointment before you visit.

3. Send us a written request to close your account (only
for accounts with a balance below $100,000). Please
include the following information with your request:
– Your full name as it appears on the account(s)
– Your full account number(s)
– Your full Social Security Number
– Your current address
– Your current phone numbers (daytime and evening, with
area codes and country codes)
– How you want to receive any money that remains in your
account: by U.S. mail or account transfer to another Chase
deposit account you own (include the account number)
– Your signature and the date (For accounts with a balance
greater than $1,000, your signature must be notarized.)

Here’s our contact information:

JPMorgan Chase
National Account Closing TX3-7861
PO Box 659516
San Antonio, TX 78265
Fax: (225) 332-7787

For overnight delivery:
JPMorgan Chase
National Account Closing TX3-7861
20855 Stone Oak Pkwy
San Antonio, TX 78258

Please make sure all outstanding items have cleared your
account before it closes. If any outstanding items (such
as checks, authorized ATM/debit card transactions, direct
deposits or other automatic/recurring debits or credits)
are presented to this account, the items will either be
returned unpaid, or could possibly re-open the account.


Katie – I want to close my Chase account, but I’m new to all of this. Can you offer any advice?

I’m maintaining the minimum balance to avoid the monthly account fee. I’d prefer to transfer every penny of the money (+/-$2500) out to my hub account via ACH instead of waiting for Chase to process and mail me a check.

However, I’m worried if it isn’t timed perfectly, there may be an End of Business day in which I have a zero balance, which would trigger getting charged the account fee for not maintaining the minimum account balance.

It seems the safest is to s minimikip the ACH and be patient awaiting the paper check. Do you agree?


They don’t charge fees. I am actually in the process of closing my account now with Chase (and have in the past). I took out all the money to a 0 balance, waited for the transaction to clear from pending. And closed the account.

Also, in the SM response, it stated:

– We won’t charge Monthly Service Fees or Insufficient
Funds Fees to the account being closed.


“there may be an End of Business day in which I have a zero balance, which would trigger getting charged the account fee”

I don’t think they charge that kind of fee the day it happens, only the next time a statement period ends. So start the closeout process early in a statement cycle rather than later in it, and it’ll be all done before they’d consider applying a fee.


Hi Will, I accidentally included my last name on comment If you publish it, can you remove my last name? Thanks!


I closed Citigold both checking and savings in October I think. Can I apply fresh for these accounts again in January?

I am about to cancel Barclays A+ but am thinking if I should eat the AF if I have CC funding option for bank bonuses. Thoughts?


[…] Thanks to reader Andrew for the following thresholds: […]

Ryan R
Ryan R

When you close accounts after meeting the bonus requirements, should you withdraw your money prior to closing, or have the money withdrawn while closing?

If withdrawing prior, I’m concerned about getting hit with a monthly fee for having too low of a balance and then an overdraft fee. I see that for Citigold, you need to downgrade your account first, but for other accounts should I have any concern about this? This is my first time churning bank accounts for bonuses, so appreciate any help!


I’d love to know the answer to this question as well.


I’ve probably churned 20+ checking accounts over the last 5 years. I always maintain the min balance to avoid fees and then transfer the money out just before wanting to close it out. I do this all after receiving my new account financial incentive and after ensuring I’ve met the requirements to avoid any “early closure penalty” which usually means keeping the account open for a minimum of 3 or 6 months. After zeroing out the balance, I call the bank and close the account. I’ve never been assessed any fee for doing so.


Ryan R I’m wondering the same thing. What did you end up doing when closing Citi and your other accounts?


Best is to check with bank Customer Rep, usually withdraw and close within few days and make sure you close after statement cycle is closed than near closing of statement cycle as you run into “0” balance for 2 statement cycles may lead to fee


Check your billing cycle. If it’s not close to your statement date, it doesn’t matter.

Back to Top ↑