How To Close Bank of America Savings Account? Step By Step Guide

Are You Suffering to Know How To Close Bank of America Savings Account? Moving to a sustainable bank is an important option for anyone who wants to impact the environment positively. A lot of traditional banks make use of the funds that you deposit to benefit fund businesses that contribute significantly to carbon emissions. This could be a source of frustration for those concerned about the environment. A growing number of people are becoming aware of the fact that large banks may not be the desirable option for you if you wish to use your cash to make an impact. There are also alternatives that offer banking with no fees which means you get to save more of the money you’ve earned.

Things Before Closing Your Bank of America Account

Before you close your Bank of America account, there are a few important steps to take. It’s best not to rush into closing it too soon. Make sure you follow these steps to avoid missing anything important.

1. Create an account at a bank that is Climate-Friendly: First step choosing one that is compatible with your ideals. Consider a climate-focused bank such as Atmos or local credit unions and community banks. There are a lot of alternatives to choose from! After you’ve chosen one, you can start your account. Today, it’s easier to open accounts with banks than it was in the past, especially thanks to the numerous digital services that allow you to get started in only a few moments. You should look for an account with any monthly charges!
2. Add Money to Your New Account:
   You close down the Bank of America and don’t need to account right now when you sign up for your new account that is climate-friendly! You just need to fund the new account to buy debit cards and begin with it immediately. Be sure to keep some funds in the old Bank of America account for the moment, since you’ll require it for any ongoing bills until you’ve switched everything over. Don’t worry because your account will make the switch shortly!
3. Move Your Recurring Bills and Deposits:
   You should check if there are any subscriptions or bills that are linked to your previous Bank of America checking account that will automatically debit funds each month. A quick review of your most recent reports will help you determine what those are, so you can make an inventory and prepare to transfer them!
4. 4. Move your money: After your new account has been established and you’ve set it up as your primary payment method as well as switched all of your automatic deposits and payments now is the time for you to move the remaining of your money. This is the last step before closing that previous Bank of America account. It’s good to know that moving your money is easy with modern-day digital banking. It is easy to transfer your balance into the bank account you want to transfer it into together with the ACH transfer. Many banks today offer this service for no cost!

Related Read: 5 Top Rated Banks For Small Business in India

How To Close Bank of America Savings Account?

You’re almost done! Once you’ve transferred the funds and established your regular payments on your new account It’s time to end the Bank of America account for good. With no remaining funds or recent activity, closing the account isn’t a problem. A word of caution: customer service could attempt to persuade you to stay however if you’ve decided to close your account you’re done, say no! Here are the steps to end your account:

Closing Your Bank of America Account by Phone:

Bank of America has customer service that is available 24/7, which means you can shut down your account by phone. Call them at 800-432-1000, and inform the customer service representative you’d like to close your account. Be sure to have the account number in your possession.

Closing Your Bank of America Account in Person:

If you’d prefer to make it a face-to-face appointment, go to your branch during opening hours. Make sure you carry a valid identification card and make sure that your account balance is at zero before your visit. You can’t shut down the account online, which means you’ll have to call or go in person.

Steps to close a Bank of America savings account.

1. To withdraw funds: Then transfer the balance into a different account, or even take it out.
2. Go to a branch or call: Visit your local Bank of America branch or contact customer service by dialing 1-800-432-1000.
3. Send a Request: for closing the savings accounts in your.
4. Verify Closure: Check that all pending transactions have cleared, and then receive confirmation that the account has been closed.

It is also possible to shut down your account via bank of America’s safe messaging service If you’re logged in.

Related Read:- American Express® High Yield Savings Review: High APY & No Fees

Final Thought:

Moving to a sustainable bank is an effective method of aligning your financials to your values in the environmental field. By making this choice and committing to a sustainable bank, you will warrant that the money you spend is going towards eco-friendly efforts instead of contributing to damaging carbon emissions.

When you are preparing to close the Bank of America account, ensure that you open a new account at a bank that is climate-friendly or transfers funds and make any necessary changes to your recurring payments. A thoughtful plan will help facilitate the process, making a positive effect without disrupting your budget.

Frequently asked questions: