Get Account Closure Request Form

Contact Your Bank Cancel your bank account. Many financial institutions allow you to do this online, but it could require a phone call to customer service or a visit to a local bank branch. Some banks and credit unions may require you to fill out an account closure request form or submit a written request.

Form. The account closure form will be available at the bank, which can seek a reason for closure of account. The form should be signed by all account holders. Another form giving details of the account into which the balance funds can be transferred has to be filled.

If an account is closed due to an unpaid bank balance, that debt could be forwarded to a collection agency. Once it's forwarded, that action is reported to the credit bureaus and can affect your credit score for up to seven years.

We can close most accounts immediately when: The account has a positive or zero balance. All deposits, outstanding and pending items are posted.

Sign on to Wells Fargo Online to access Account Summary, and select the option to reactivate your account that is displayed next to the inactive account.

What Happens When a Bank Closes Your Account? Your bank may notify you that it has closed your account, but it normally isn't required to do so. The bank is required, however, to return your money, minus any unpaid fees or charges. The returned money likely will come in the form of a check.

Ask a Wells Fargo banker to reactivate your account. Or, you can sign on to Wells Fargo Online® to see if you have the option to reactivate your account online.

So, if your bank branch closes, you have options like banking online, switching banks or staying with your existing bank at a branch across town. In addition, you may want to consider setting up bank account alerts that can monitor your checking and savings accounts for fraud and track your spending.