Chase is one of the largest banks on earth, and JP Morgan’s crown jewel serves millions, which means that what they offer has some serious substance to it.
That said, you can’t make everyone happy, and every bank needs to give their customers an exit strategy should they decide to leave. This could be the reason why you need to know how to close a Chase bank account according to rates.
Chase has a lot of different banking services, but there may come a time when you need to close your account. It’s important to know how to close a business account, whether you’re leaving because you found a better deal at another bank, don’t like the fees, or just want to combine your finances.
Chase has made the process pretty easy, but it’s still best to know all the details so that you don’t have to deal with any delays or problems. Being ready for everything, from having the right paperwork ready to pick the best way to close, is essential for a smooth experience.
Fortunately, this piece walks you through how to go about this most efficiently, as measures have been put in place. Let’s look at other reasons to move on with closure, as perhaps, it may not be right for you at the moment. With that out of the way, time to start our journey into the process.
Why Would You Want to Move On with Closure
Being that this particular bank has some impressive stats, as it is in over 100 countries and has over 17,000 ATMs in the US alone, it would seem that no one would want to leave.
However, that would be a bad assessment, as banks, in general, experience many account closures. This can be due to a host of reasons which include the following:
Getting away from unfavorable interest rates (especially for savings accounts)
Finding the above more favorable in other banks
Common Reasons Banks Might Close Your Account
Source: Canva Pro
It should be noted that there is a big difference between closing your business account and having it closed for you by the bank. If the latter happens, it’s typically as a result of the following:
