account closing
Shutting financial access
Account closing is the formal termination of a financial account, ending the relationship between a customer and an institution.
Banks, brokerages, and credit card companies each have procedures for closing accounts, often requiring zero balances and written requests.
After the divorce, they agreed on closing their joint account.
The phrase also applies to ending accounts with utilities, subscriptions, or other services.
- terminationAct of ending something
- cancellationVoiding of plans
- balanceSteadiness or amount owed
- withdrawalAct of taking away
- finalLast and decisive
statement · zero · fees · exit fee · bank · transfer · settled · good standing · inactive · dormant · farewell · liquidation · ending · surrender · exit · paperwork · written notice · signature
account closingaccount opening
Creating new banking access
onboarding · sign-up · enrollment · joining
account, closing, accounts, accounted, accounting, accountant, accountants, accountable, accountability