Banky team Reviewed editorial answerSome banks may charge a fee for closing an account or settling associated service charges, depending on the product and the timing of the closure.
Before requesting a settlement, inquire about the total outstanding balance, zero out any service charges, and obtain written confirmation that the account has been closed and is clear of any outstanding debt.
The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.