![]() Does Closing a Bank Account Affect Credit Score? If you don't have access to a local branch, call the Wells Fargo support center at 1-80 and request for account closure.You can find the closest branch to you on this online locator. You will need to provide identity proof, so carry along your social security number, valid ID, address details, pin numbers etc. ![]() Visit your local Wells Fargo branch and speak to an account executive.If you've maintained zero balance, you should receive a confirmation email within a few days. The easiest way to close your account is to log onto the Wells Fargo online banking website, head to the Contact Us section, where you can send an email requesting account closure.You deserve it.Ĭlosing a Wells Fargo Checking or Savings Account Transfer any remaining balances over to your new account and go make that evening margarita.This is essential to protect your credit score (explained later). Check for any recurring or overdue bank fees and resolve them.If your salary's direct deposit is attached to this account, transfer it to your new bank at least a full working week before it is expected.Highlight any annual or semi-annual recurring charges that may not be reflected on the monthly statement and transfer them as well.Take note off all your online subscriptions like Netflix, Apple Music and Spotify and transfer them over to your new account.Make sure that you transfer over all these essential charges to your new account at least 15 days before they are due. Review your most recent monthly statement for any recurring charges like water, electricity, gas and rental bills.This may seem obvious, but make sure you have a new bank account set up prior to closing your Wells Fargo account.Things to Do before you Close your Wells Fargo Account As with any break up, this may seem like an anxiety-inducing uphill battle. ![]() ![]() At some point in the distant past, large banks ganged up to charge you over $329 a year just for the privilege of using your own hard earned money.īut let bygones be bygones. This is clearly not the case when you bank with America’s most illustrious financial institutions. And to add insult to injury, an interest rate that hovers between 0 and 0.01% making you effectively zero income on your precious deposits.Įver heard the phrase, “your money should generate returns as you sleep"?. By this point, you’ve probably realized that their rosy promises of free checking accounts and high-yield savings accounts were just leading you into a labyrinth of hidden fees and charges. So you’ve made the decision to close your Wells Fargo account. ![]()
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