There are many ways on how to close a bank of America account. One of the easiest and fastest ways is to make sure that the account is not open at all.
Checking accounts can be opened or closed by the bank by writing a letter asking the bank to close the account. However, this is a legal requirement and may take some time. The letter must be included with the bank’s payment of your past due amount.
If you do not want to close the account but want to move some of your funds from the account to another account, you can ask the bank to close the account by depositing the amount into an alternate account. Some banks have the option of transferring the money into another account. Before making such a transfer, you should contact the bank and request for the permission.
If you do not get the permission to close the account, you can do it yourself or ask for help from the bank’s representative. The last resort is to go to the Federal Trade Commission and seek help to close the account. In this case, you need to write a complaint stating the reasons behind the closure and include the name of the bank.
Sometimes, the banks are reluctant to help others as they may be a threat to their business. In such cases, it is better to go online to find out more about how to close a bank of America account. You can do so by visiting a good website that deals with this matter in detail.
You can also visit the bank branch where you hold your account to close it by yourself. This may not always be possible as the closing may be conducted in person.
While it may seem easy to close an account, you need to think about the consequences of doing so. Failing to do so may put you in trouble with the bank in the future. Make sure that you follow the directions stated on the website to close your account.