How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

Luckily, it's simple and free to close an account with Bank of America. You have three different ways to do it - read on to find out more.

Can You Close a Bank of America Savings or Checking Account?

Yes, you can close your Bank of America checking or savings account. There are three ways to close an account:

• By visiting a branch in-person
  
• By phone
  
• By mailing a letter

Unfortunately, Bank of America does not let you close an account online. It may be a bit more hassle to have to call or visit a branch, but it's still pretty straightforward.

Read on to learn the details.

1. Over the Phone

You can call these Bank of America phone numbers to close your account:

• 800-432-1000 (Closing a checking or savings account)
  
• 800-732-9194 (Closing a credit card account)
  
• 888-827-1812 (Closing an IRA or CD account)

You will have to speak with an agent who will assist you with closing your account.

2. Visit Your Local Branch

If you live near a Bank of America branch, you may find it easier to just pop in and talk to a rep in-person.

Find your closest Branch of America location with their branch locator. Then, go to the bank and sit down with a specialist. They'll walk you through the forms and take care of the closing for you.

3. Send Them a Letter

This is the slowest way to close a Bank of America account. But, if you prefer this way, all you need to do is send them a letter with an account closing request (here is a template).

If you still have a balance left in your account, be sure to state in the letter where you want the money sent.

If it's a joint account, all owners need to sign the letter.

Send your letter to:

• Bank of America, FL1-300-03-15, PO Box 25118, Tampa, FL 33622-5118 (Closing a checking or savings account)
  
• Bank of America, PO Box 982234, El Paso, TX 79998-2234 (Closing a credit card account)

Wait. Do This Before You Close Your Bank of America Account

Before closing your account with Bank of America, make sure you have a new banking home ready. That way, there's no hiccups with paychecks or bill payments.

But more importantly - make your switch count. Look for banks offering attractive bonuses and kickstart your new banking journey with extra cash in your account.

Checking Account Bonuses You May Like

Member FDIC

Bank of America Advantage Banking - Up to $500 Cash Offer

• The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
• The offer is for new checking customers only.
• Offer expires 05/31/2026.
• To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.

  Cash Bonus	Total Qualifying Direct Deposits
  $100	$2,000
  $300	$5,000
  $500	$10,000+

• If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
• Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
• Additional terms and conditions apply. See offer page for more details.
• *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
• Bank of America, N.A. Member FDIC.

Find Out More

Expires 5/31/2026

Member FDIC

HSBC Premier - Up to $5,000

It's easy. The more you fund, the more you earn.

Discover all that Premier can do for you

• Earn our best savings rate with a Premier Relationship Savings account for an introductory period and thereafter if you qualify
• Send money internationally, securely, quickly and fee-free in the HSBC mobile app with our award-winning HSBC Global Money Transfers
• Enjoy peace of mind with unique travel benefits available through our credit cards

Here's how the offer works

1. Open a Premier checking account by June 30, 2026
2. Add your desired level of deposits and/or eligible investments within 20 days
   • Get $1,500: Deposit or invest $150,000 to $249,999
   • Get $2,500: Deposit or invest $250,000 to $499,999
   • Get $3,500: Deposit or invest $500,000 to $999,999
   • Get $5,000: Deposit or invest $1,000,000+
3. Maintain your balances for 3 full consecutive months
4. Remain opted-in to receive HSBC marketing emails

If all offer requirements are met, the bonus will be paid within 8 weeks.

Find Out More

Expires 6/30/2026

Member FDIC

Chase Total Checking® - $400 Bonus

• New Chase checking customers can receive $400 when you open a Chase Total Checking^® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
• Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
• Chase Total Checking^® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
• Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
• Chase Mobile^® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
• Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
• Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
• Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.

Find Out More

Expires 7/15/2026

Member FDIC

Key Select Checking® - $500 Bonus

Earn $500 after qualified activities until 5.22.26 with interest-bearing Key Select Checking®.

• Open a Key Select Checking® account online by May 22, 2026.
• Make the minimum opening deposit of $50 and make a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
• Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.

Find Out More

Expires 5/22/2026

5 Things to do Before Closing a Bank of America Account

Before you request to close an account, make sure you have some things taken care of. The process will go smoother and you won't run into mishaps or gaps with receiving paychecks or paying bills.

There are five things you'll want to do before closing your Bank of America account.

1. Make Sure Your Account Isn't Overdrawn

Your account needs to be in good standing in order to close it. If you haven't used your account in a while and it's overdrawn, you cannot close it.

If that's the case, you must deposit funds to bring the balance to zero. Only after that can you request to close your account.

2. Set Up a New Account

You'll want to open a new bank account with a different bank before closing your Bank of America account.

Once your new account is up and running, you can link it to your Bank of America account to transfer money.

Here's a list of our favorite free checking accounts.

3. Update Direct Deposits

If you were getting paycheck direct deposits into your Bank of America account, you'll want to reroute them to your new account.

Get in touch with your work's HR or payroll department. You'll most likely need to fill out a new direct deposit form with your new account information.

4. Cancel Auto-Payments

If you have auto-payments set up with your Bank of America account, you'll want to remove them and switch them to your new bank.

These may include:

• Mortage or rent
  
• Utilities
  
• Credit cards
  
• Insurance payments
  
• Car loans or student loans
  
• Recurring subscription services

If you forget something, it can result in a failed payment when they try to bill your (closed) Bank of America account later. That can incur penalties and even damage your credit.

5. Transfer Remaining Funds

After everything is switched over, it's time to transfer your remaining Bank of America balance to your new bank account.

BUT, only do this after all your pending payments have processed. If your bills post at different times, you may have to wait up to a month. Make sure the recurring payments have started to post to your new account.

You don't want to zero-out your Bank of America account and then overdraw it when a payment comes through.

Transferring funds can be done easily online. Just link your two accounts, and transfer the funds electronically. It'll take a few days for the funds to settle into your new account.

FAQs

• Can I close a Bank of America account online?
  No, you can't close a Bank of America account online. You can only close your account by phone, letter, or in person.

• How long does it take to close a Bank of America account?
  Once you initiate the closing request, your Bank of America account can be closed right away.

  However, before that, it could take you some time to cancel subscriptions, complete all pending payments, and transfer funds. It's extremely important that these are taken care of because closing the actual account is quick.

  Visiting a branch or doing it over the phone are the quickest ways to close your account. Sending a letter is slowest option.

• How much does it cost to close a Bank of America account?
  It is free to close your Bank of America account.

• Can I close my Bank of America account and keep my credit card?
  Yes, you can keep your credit card if you close your Bank of America bank account. They are separate accounts and don't affect each other.

• Can I close my Bank of America account with a negative balance?
  No, you can't close your Bank of America account with a negative balance. You must bring it to zero in order to close the account.

Bottom Line

Closing your Bank of America bank account is pretty straightforward (as long as your account is in good standing). But it's important to take steps to set up a new account and get your payments transferred over. This avoids problems later on if a vendor tries to bill your closed account.

Take your time and make sure all your affairs are settled first. That will make for the most seamless transition to a new bank account.