How to close chase account

So you have made the decision to close chase account. With this point, you've probably realized that their rosy promises of a free checking account and high-yield savings account were just gateway drugs into a labyrinth of hidden charges and fees. Minimum balance requirements. Monthly service fees. Overdraft penalties. Ridiculous wire transfer fees. And to add insult to injury, an interest rate that hovers between 0 and 0.01%; which makes you effectively zero income on your precious deposits.

Ever heard the phrase," your money should generate returns because you sleep"? . That is clearly not the case once you bank with America's most famous fiscal institutions. At some stage in the remote past, big banks ganged up to charge you $329 a year just for the privilege of using your own hard-earned money.

Just like with any breakup, this can appear to be an anxiety-inducing uphill battle. But as always, we're here to help.

Things To Do Before You Close Chase Account

This may seem obvious, but make certain that you've got a new bank account set up before you close chase checking account.

Close chase account

Inspection of your most recent monthly invoice for any recurring fees like electricity, water, gas, and leasing bills. Make certain you move over these essential charges to your account at least 15 days before they're due.

Take note of all of your online subscriptions like Netflix, Apple Music, and Spotify and transfer them from the close chase checking account to your new account.

Highlight any yearly or semi recurring charges which might not be reflected on the monthly statement and transfer them well. This is an essential step to complete before you close chase account.

In case your salary's lead deposit is connected to a close chase checking account, move it to your bank no less than a full working week before it's expected.

Assess for any recurring or late bank fees and solve them. This is crucial to protect your credit rating (explained later).

Transfer any residual balances over to an account and proceed make that evening margarita. You're now ready to close chase account.

How to Close a Chase Checking or Savings Account

The easiest way to close chase checking account is to log onto the Chase online banking site and head into the Secure Message Center, where you can send an email asking about close chase account. You should receive a response within 2 working days with followup questions and account closing confirmation.

See your regional Chase branch and speak to an account . It is possible to get the closest branch to you on this internet locator.

In case you don't have access to your local branch, call the official support center at 1-800-935-9935 and ask them to shut your Chase account.

• Will My Credit Score Be Affected if I close chase checking account?

It won't! Credit bureaus are not privy to your bank account information and hence cannot report your transactional action to the credit agency. The only case where your credit rating might be affected is if you have negative overdraft balance and have not repaid in quite a long time. Banks will pass on the late amount to collection agencies, who can report to credit agencies, therefore affecting your credit score.

That is why it is essential that you clear all lender dues before you close chase account.