How to Close Your Bank Account in Ghana? There are many reasons why one would like to close their bank account(s). It could be due to the fact that interest rates are too high, there are too many bank charges, or the customer service of the bank is never getting better. In most cases, people don’t know where to start or what to do to close their bank account that they no longer need. Today I am going to guide you on what to do if you want to close you bank account and how to write a closing bank account letter.
To close your bank account with any bank in Ghana, you will need to go through some processes before the account will be successfully closed. I have simplified how to close your bank account in Ghana for you below. If you follow my guidelines, I guarantee that your bank account will be closed in less than 48 hours.
Things To Do Before Closing Your Bank Account
- Check Your Account Balance.
- Finalize All Your Transactions.
- Unlink All Cards With The Bank.
- Transfer Your Remaining Balance on Your Own.
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How to Close Your Bank Account in Ghana
To close your bank account with any bank in Ghana, you will need to write a bank account closure letter to the banking requesting that they close your bank account. You will also have to return all bank properties that are in your possession. Read further to see what a perfect Bank Account Closure Letter looks like.
How to Write A Perfect Closing Bank Account Letter
Writing a bank account closure letter is just like writing a formal letter or an application. It is an official letter, and you have to write it in the format it takes. You may choose to mail the letter to the bank or take it to the bank manager.
When writing an official letter, the general rule of thumb is to go straight to the point, keep the letter simple and concise. Follow the guidelines below whenever you are drafting a letter to close your bank account(s).
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1. Know Who To Address
Before you start writing your bank account closure letter, it is advisable to call your bank to know who you should address in case you want to close your bank account. Usually it is your bank’s branch manager you address but every company has their own rules so it will be more appropriate if your enquire from the bank.
2. Indicate Your Account Number
For your bank to know which bank account they would be closing, you need to provide them with the account number. State your account number clearly in your application letter. Be sure to indicate your name, account number, and any tax ID numbers that are associated with the accounts. This is especially important if you have more than one account at the bank and you only wish to close one of them.
3. Make Sure Your Account is Zero Balance.
Before you request the closure of your bank account, make sure that you do not have any funds in the account. If you do have any funds, it is advisable to withdraw them from the bank before requesting the account closure. Alternatively, you can ask your bank to transfer your account balance to another account number. Do note that a transaction fee may apply. Remember that you cannot close your bank account if your account balance is negative. You will need to first settle the outstanding debts before proceeding to request the account’s closure.
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4. Return All Bank Properties in Your Possession.
If you have in your possession a bank pass book, bank ATM or POS cards, and check books, you will need to return them all. These are the properties of the bank. It doesn’t matter whether they have expired or are still valid. It is customary to send these items along with your bank account closure application letter.
Bank Account Closure Application Letter Format
This type of letter is a formal letter and takes the format of writing a formal letter too. To write a bank account closure application letter, you will have to start with your address (sender’s address), followed by the date, and then address the letter to the rightful person with the bank’s or institution’s address (receiver’s address).
Write your salutation and proceed to write the title or heading of your application. You now have to write your request in the body and end the letter with a complimentary closing remark such as “sincerely yours, yours faithfully,” sign the letter (signature), and write your name.
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How to Close A Bank Account Sample Letter
Kwame Ato,
Afari Gyan House,
P.O.BOX 123,
September 2, 2022.
The Branch Manager
Smith Bank,
P.O. Box 111,
Weija – Accra.
RE: Bank Account Closure Request Application
Dear Mr Esmond,
Due to some personal circumstances, I am unable to maintain my account at your bank. This is to kindly request that you my savings account (Account number: 012345678901234) that is registered under the name Kwame Ato. Along with this application, you will find enclosed my cheque books, debit card(s) and my bank passbook.
I will highly appreciate it if you begin the process right away.
I appreciate any help you can provide.
Yours sincerely,
Signed.
Kwame Ato.
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Bank Account Closure Sample Letter PDF
You can download a copy of the Bank Account Closing Application Letter HERE. You can edit it to include your own details and submit to your bank whenever you want to close your bank account.
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