Are you want to close your Chase checking account?
You may have realized that their promise of a “free” checking account is bait for the hidden fees they charge you.
You may have been frustrated with high minimum balance requirements, unnecessary monthly service fees, outrageous bank transfer fees, and overdraft penalties.
Many clients hate minuscule interest rates, hovering around 0.01%.
Or maybe you’ve just found a bank that better suits your unique needs.
However, no matter why you want to close your Chase checking account, I am happy to report that it is straightforward to complete it.
There are four ways to do this, and I will tell you all about them in this post.
How Can You Close Chase Checking Account
No matter what checking account you have:
- The “Chase Total Checking” account, for which you have to pay $ 12 per month,
- “Sapphire Check,” which Chase charges $ 25 a month, or
- Premier Plus Checking, which is also set $ 25 per month,
You can close it permanently within three business days (usually).
You can implement any of the following four methods, whichever is most convenient, to close your Chase checking account:
Using The Website
This is not the fastest way to close your Chase checking account, but it is by far the easiest way.
To close your current Chase account through the website, you must first log into the official website of Chase Bank using the correct username and password.
Then it would help if you went to the Safe Messaging Center.
From this section of the website, you must send an email to Chase Customer Service asking them to close your account.
Typically, in two business days, you will receive a response asking you to confirm if you wish to close your Chase checking account. You will also be asked to give additional information and account closure information.
After you confirm your request, the banker will close your account and send you a confirmation email.
At A Branch
Closing your account in person by visiting a Chase branch is the fastest way to do this.
You don’t need to hunt the Internet for your nearest Chase branch – their official website provides a tool to find the nearest branch.
All you have to do is click on the “Find a branch or ATM” link that appears at the top of the Chase official website. When you click the link, a search pop-up appears where you can enter an address, zip code, city, or state to find branches.
After entering your parameters, click the Search button or use the Advanced Search option to filter threads using choices such as Open Sundays.
Visit the branch office you are most comfortable with and ask to speak with your account manager.
Ensure you have a valid I.D., Social Security number, proof of address, and other essential documents.
The manager will guide you through all the steps, and you will complete all the formalities in a matter of minutes.
Over the Phone
This is the third-best way to close your Chase checking account, but it’s a great option if you don’t have access to your local branch or are having trouble using the online portal.
Call the official Chase customer support line at 1-800-935-9935 and press 0 to immediately contact a customer service representative. Tell them you want to close your checking account.
You will then be asked to verify your identity by entering information such as the last four digits of your Social Security number, as well as your date of birth.
Once your details have been verified, a representative will help you close your account.
Chase has representatives available 24 hours a day, seven days a week, so you can call and close your Chase checking account anytime.
You can also send a request to close an account by writing to:
National Bank by Mail
P.O. Box 36520
Louisville, KY 40233-6520.
If you require urgent delivery, you can send your request to:
National Bank by Mail
Postal Code KY1-0900 416 West Jefferson, Floor L1
Louisville, Kentucky, 40202-3202.
Make sure you add your name, account number, phone number, and the address to which the remaining balance is to be sent.
What happens after you close your Chase Checking account
Once your account is closed, your current account balance will be sent to your registered/requested address.
Alternatively, you can request to transfer funds to another Chase account.
If you do not receive your check within two weeks, please get in touch with Chase Support.
Remember These Points Before Closing Your Chase Account
- Chase charges you a $ 25 commission if you close your checking account within 90 days of becoming a customer.
- Your account will be reopened unless you reset all recurring payments to another account. Account reopening incurs penalties, so make sure you dump your automatic transactions, including annual subscriptions, to a different bank account.
Also, don’t forget to transfer your water, gas, electricity, and water bills to another account.
- If your salary is credited to your checking account with Chase, talk to your employer and transfer it to a new bank account for at least the whole week you expect to receive.
- Check to see if you have paid overdue bank charges. This affects your credit score, as I will explain in the next section.
Does Closing A Chase Checking Account Affect Credit Score?
No, your credit score will remain unchanged.
However, if you have a negative overdraft balance in your account, your credit rating will be affected.
Chase will pass on the details of the amount owed to the collection agencies. The collection agencies then report back to the credit bureaus, lowering your credit rating.
So, make sure you clear all payments before closing your Chase checking account.
Closing a Chase checking account is much easier than you might think.
Choose any of the four methods described in this post, and you will close your account within three business days!