How to close a Chase account?

3 minutes reading

eduardo SEO Specialist and content production, I have worked in several renowned companies in Brazil and abroad. I write about money, technology and more!

If you are here, it means you decided to move on and close a Chase account. Now several options for bank accounts without hidden fees, minimum balance requirements, and more mandatory standards are available. Not only this, but you can also count on digital platforms to send and receive international payments quickly, with low transfer charges and no bureaucracy.  

These days, competition is getting fierce among financial institutions worldwide. It’s no different for US banks, even the most traditional ones. So if you are thinking about closing your bank account at Chase and choosing better options, you will learn how to turn over a new leaf here. This article shares the most common doubts about the topic, including things to consider, what to do, costs (if any), your credit score, and the time to end it. Check them out!

What to consider before closing your account?

No matter the change, it’s worth taking some time to evaluate a few points before the next steps. It goes when you close a Chase account too. The first thing is setting up a new bank account as a backup. So leave everything in place before ending the older one. 

Don’t forget to review your most recent statement to ensure no recurring bills with automatic debit are still in effect. If any, rearrange them to your new account.

Leaving the bills aside, double-check your online subscriptions, such as Netflix and Spotify, and make sure to schedule their payments to the new account. The same goes for your income if it’s attached to this Chase account and unpaid bank fees since it may affect your credit score. 

Lastly, transfer any remaining balance to your new account before initiating the closing process. After all, you don’t want to give “free money” to the bank. Plus, it’s better than carrying cash around with you. Whether you have an employer or employees, notify them about the change.

So how to close a Chase account?

The process to close a Chase account is quite simple. In short, you can do it by visiting the website or a branch, getting in touch with customer support, or sending an email. The easiest way to request an account closure is to do it online. 

Send a request online

After logging in, you can address an email to the bank — under the Secure Message Center — and receive an answer within two business days. The reply includes some follow-up questions and instructions besides the account closing confirmation. 

Visit a local branch

If you prefer a face-to-face approach, go to a local branch and look for an account executive. For this option, keep in your hands an identify proof. It can be the Social Security Number (SSN) or a valid ID, besides personal information (address, PIN, etc.). 

Call the customer support

Is there any other way to go on about how to close a Chase saving account? If you want to talk to someone, and there is no branch available near your location, you can make a call at 1-800-935-9935. The website gathers a few more phone numbers for customer support

Submit a mail to the Chase authorities

An alternative way is submitting a request through an old-fashioned mail to the National Bank By Mail — P.O. Box 36520, — Louisville, KY 40233-6520. While browsing the website, you can find a closing form to fill in and start the process. 

Does it cost to close a Chase bank account?

Thinking about costs is also decisive in bypassing unpleasant surprises. In this case, closing an account doesn’t involve any direct fee. However, as you read on the topic with a checklist to run before submitting your request, it’s worth checking a few things. Remember to review your funds, bills with automatic debits, online subscriptions, and your salary (if it’s attached to this bank account.

Does closing a bank account hurt your credit?

Remember when we mentioned your credit score at the beginning? So closing a bank account at Chase or any other bank doesn’t harm it. The only case when your credit score might be affected revolves around a negative overdraft balance or unpaid fees. So as long as you follow the steps from the first topic, you can move on without any issues. If your account is up to date, there is no reason to worry.

How long does it take for Chase to close an account?

Whether it’s to open or close an account, both options are faster nowadays. After requesting the closure — online, in a branch, through customer support, or by mail — a banker will check it. If you have no pending charges or a negative balance, the process will usually take up to 1 to 3 business days to officially end. 

If you made up your mind to close a Chase account and started looking for an alternative, Husky might be the right option. As a multi-currency account, you can manage multiple currencies to send and receive money from one country to another. Plus, you can open an account online for free to start enjoying low transfer fees, transparency, support to guide you, and no bureaucracy involved.
Want to give it a try? Open your free account at Husky and enjoy the benefits of quick, easy, and cost-effective transactions.

eduardo SEO Specialist and content production, I have worked in several renowned companies in Brazil and abroad. I write about money, technology and more!

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