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What else can I help you with?
Can bank close your deposit account?
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
What happens if you do not close your bank account balance is fall than minimum?
nothing will happen you can put some more money in the bank account to resume it
Will your bank account be closed if there is no money in it?
If you keep no money in your account for a prolonged duration of time or if you dont use your bank account for a very long time, then the bank has the right to either make your account dormant or even close it. Only an active account that has a minimum balance in it is eligible to be open and in service.
Can you close a bank account online?
Yes, you can typically close a bank account online by logging into your account and following the instructions provided by the bank for account closure.
Can a bank close your account and hold your money?
It Depends: Yes - If you have defaulted on your loan repayments to the bank and there were some fresh funds deposited into your account after a long time Yes - If you were involved in illegal activities like money laundering, drugs, etc. Yes - If there is a court order to block your account If you don't come under any of the 3 above mentioned categories, then the bank cannot close your account and hold your money.
How do you close bank account?
Withdraw all money from the account and give an account closing letter to Bank.
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.
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 your bank take your money and close the account because of inactivity?
They can close your account because of inactivity but they cannot take your money. If you go to them and submit a written request, they are legally bound to return your money. And, that is if, there is anything left in your account after subtracting the charges the bank may charge you for keeping your account inactive.
Can bank close your deposit account?
Sure you can. It's your money and your account and you can close it anytime you wish. However, if you are closing your deposit account before its intended maturity date the bank can charge you a small penalty on the interest component for doing so. But the original money you deposited will not be touched and will be refunded in full when you close the account.
If a bank customer has an individual account and they die and their will states that funds pass to a trust can the executor close the account?
Yes, they can close the account. The money will then be placed as directed by the will.
How do you close a bank account in India?
You need to visit the bank branch where you have the account and submit a request in writing to close the account. You would have to submit your ATM/Debit card and any unused checks before the bank accepts your request. The bank will process the request and pay you the money that is present in the account.
How to close a savings bank account?
You need to visit the bank branch where you have the account and submit a request in writing to close the account. You would have to submit your ATM/Debit card and any unused checks before the bank accepts your request. The bank will process the request and pay you the money that is present in the account.
What happens if you do not close your bank account balance is fall than minimum?
nothing will happen you can put some more money in the bank account to resume it
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.
Will your bank account be closed if there is no money in it?
If you keep no money in your account for a prolonged duration of time or if you dont use your bank account for a very long time, then the bank has the right to either make your account dormant or even close it. Only an active account that has a minimum balance in it is eligible to be open and in service.
Can you close a bank account online?
Yes, you can typically close a bank account online by logging into your account and following the instructions provided by the bank for account closure.
