Close Your Citizens Bank Account Citizens Bank is a local bank headquartered in Providence, Rhode Island, with assets of $187 billion and over 1000 branches.
Close Your Citizens Bank Account
The first Citizens Bank opened in 1828. Citizens Bank is a subsidiary of the Royal Bank of Scotland Group. However, RBS sold all its shares in the company.
Although Citizens Bank is a dominant player in the economic market, there are times when you want to close your account for any reason.
Trying to close a bank account is wasteful and time-consuming. If you need to close your account with Citizens Bank, you can do it quickly using DoNotPay services. We will ensure that your account had completed in the shortest possible time. Importantly, you do not need to approach Citizens Bank to close your account personally.
Why should you close your Citizens Bank account?
Financial institutions play an essential role in assisting citizens in managing their affairs. Financial institutions like Citizens Banks offer various services to individuals and companies.
It provides a safe way to store, save and borrow money. However, certain events may force you to close your account with Citizens Bank. Besides:
- A family member has died, and the estate executor needs you to close the account to distribute the funds.
- You’ve lost your job and are blundering to pay your bills.
- You have a legal responsibility to close your account. For example, you may need to complete an account due to a divorce settlement or bankruptcy order.
- They breached Your obligations, and the financial institution has decided to close the account.
- You no longer need to have an account with a financial institution. For example, you need to move from one place to another and see no point in maintaining a bank account.
Essential Points for Closing Citizen Account
- To close your account, you must visit the bank branch where you opened the account.
- Banks generally do not allow the re-opening of a closed account, so the report should be closed if he does not need it in the future.
- You must save a soft copy or a printout of the complete bank statement from start to finish and keep it for future reference.
- Cancel your automated payment instructions.
- One must clear all their pending dues or charges before closing the account.
How to Close Your Citizens Bank Account?
To close a citizen’s bank account, there are several options:
You can control by any Citizens Bank branch and tell them you need to close your account, and they will be happy to help you.
You can call 1-800-922-9999 and speak with a customer service representative about your choices for closing your account.
You can call 1-800-656-6561 and ask Citizens Bank representatives to close your account.
How to close Citizen Credit Cooperative Bank Savings Account?
If you have a savings account in a bank and are interested in knowing how to do it, follow these steps:
Fill out the Account Closure Form for Citizen Credit Cooperative Bank Account:
To close your bank a/c, the first step is to fill out the account closure form. You can download it from the bank’s website or visit your home branch to get the account closure form and fill it out correctly.
After that, you must sign and submit it to the Branch Manager/Officer-in-Charge. Please note that if there are any joint holder/s of your account, they all have to sign the account closure form.
Attach your KYC (Know Your Customer) documents:
All account holders should attach a copy of KYC documents, i.e., a PAN copy which will serve as your identity proof and address proof, and also for the account closure form. Clients can also ask for self-attestation of these documents.
Surrender balance check leaves, debit card, and passbook to your bank branch:
You must surrender your balance check leaves if any, debit card, and passbook. Your account closure application will process after you submit all these items.
Processing your request to close a savings account:
The banker will verify the documents submitted by you and, if they find all things correct, will ask you to withdraw the balance amount in your a/c and process your account closure request.
Withdraw the balance cash from your savings account:
When asked, you can take a cash withdrawal, or the bank can issue a cheque/DD in your favor or transfer the amount to another account, thereby closing your account.
Challenges in closing a citizen account on your own
The process of completing a report can be challenging. You should close your Citizens Bank account for many reasons. Besides:
Inattentive or uncooperative staff:
If the team is helpful, you may need help completing your account. A bank may try to keep you as a customer even when it knows it is in your best interest to close your account.
Long waiting time:
Closing the account in one day is impossible. There’s also no guarantee you’ll get someone on the phone, and you should immediately cross your fingers that someone will answer the call.
A financial institution may have complicated strategies for closing your account. It may include a long list of documents you must submit and many signatures from different people.
Some banks may grant you to close your account online with options like live chat with customer service. But if closing your bill online isn’t an option at your bank, you can do it over the mobile, by mail or fax, or in person.
You are contacting customer service at Citizens Bank PO Box 2360, Omaha, NE 68103, with your written notice via first-class mail. Call them by calling customer service at 1-888-320-3155.
This classic account option offers great checking features and benefits—no fees and a $1,000 minimum daily balance. Fee waived with at least one monthly direct deposit. The paper statement fee is $5 per month.
Typically, closing a checking, savings, or money market account costs nothing. Time-deposit a/c, such as certificates of deposit (CDs), may give a penalty. Most banks and credit associations charge an early withdrawal penalty if you close a CD a/c before its maturity date.