Can I close my account whenever I want?
Most of the time, yes, but your bank or credit union may require you to settle your balance before allowing you to close an account that is overdrawn.
If you want to close your account, you should call your bank or credit union or go in person and give them your account information.
Once you have made a request, state law generally requires banks or credit unions to close your account in a reasonable amount of time. Be careful when closing accounts to make sure you have no outstanding or pending checks, fees, or automatic payments, because causing these to bounce may result in fees and affect your ability to open another checking account in the future.
Some banks or credit unions may charge a fee if you close your account shortly after opening it. You should check whether your bank or credit union charges such a fee.