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Only the next of kin can close the account but you have to prove to the bank that person is in fact related to you like a birth certificate stating the deceased name or a marriage certificate bearing the deceased name if it was your spouse.
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Close a bank account that is frozen?
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
How did you close your account at axis bank?
You can close a bank account by visiting your bank branch and providing your identification. you can submit a written request to close the account and surrender your check book, ATM card etc. Once the bank is satisfied with all the requisite formalities, they can close your account and pay you the money you held in your account.
Can a person close a bank savings account not in their name?
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
Can the bank close your account and not give you the cash at your request?
no pleas close my account
How do you close a SBI savings account?
how to close Sib bank serving account
How do you close bank account?
Withdraw all money from the account and give an account closing letter to Bank.
Do they close your current bank account when filing for bankruptcy?
No they do not close your Checking or Savings account
Can a bank close your account?
It the account is left inactive for a long time with no money in it they may opt to close the account.
What if both person on the account are decease?
The bank account cannot be operated by anyone else. The bank would expect the legal heirs of both the parties who held the joint account to visit the bank and come to a consensus reg. the funds in the account. Once the bank verifies all documents (Reg. your legality as the heir and the deceased individuals death certificates) they will release the funds to you.
What is closing account?
It means to close you bank account by personal reasons.
Can someone else close a checking account without premission?
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
How do you close out deceased cousin bank account when there is a will?
The executor of the estate has a Letter of Authority that will allow them to close the account.
