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Dormancy charge is collected only if dormant account’s balance has fallen below the required minimum average daily balance (ADB). Monthly Service Charge applies if account falls below the required minimum average daily balance for two consecutive months.ĥ. Personal Client - PHP 20K Preferred Client - PHP 50KĤ. Inter-Region - Any branch other than Branch of Account, in a different Region, e.g. Intra-Region - Any branch other than Branch of Account, within the same Region, e.g. Note: BPI Family Savings Bank is a subsidiary of Bank of the Philippine Islands.ġ. International Transactions via BPI Debit card Php 0.10 per USD 1.00 equivalent or a fraction thereof Php 0.10 per USD 1.00 or a fraction thereof Stop Payment Order (SPO) Application (per check) Over-the-Counter Funds Transfer via Debit/Credit Memo Crossborder Fee For Purchases Done Abroad Fees are displayed on the ATM screen at the time of transaction. Note: Some ATMs abroad charge an additional access fee. International Transactions via BPI Debit Card Withdrawals at other Expressnet member banks, Megalink or Bancnet ATMs Balance inquiry at other Expressnet member banks, Megalink or Bancnet ATMs Local ATM Transactions via BPI Debit card

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Jumpstart Account (4 free withdrawals per month)6 Third Currency Passbook Savings Accountsįee for Closing within 1 Month from Date of Opening Monthly Service Charge for Falling Below the Required ADB4 Over-the-Counter Cash Withdrawal for Passbook Account

One must clear all his/ her pending dues or charges before closing the account.Cash Deposit (Over-the-counter through the branch)*.

Cancel your automated payment instructions.

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One must save a soft copy or take a printout of full bank statement since inception till closing for the purpose of any future reference.

One should close the account only if he really doesn't need it in future as banks generally don't allow to re-open a closed account.

For closing your account, you need to visit that branch of the bank where you had opened the account.

Important Points regarding Closing of Bank Of America Savings Account Banks generally send an email or SMS on your registered email id and mobile after your account is closed. If you follow above steps, you would be able to close your bank account in a hassle free manner. You may either take cash withdrawal or the bank issues a cheque/ DD in your favour or the amount can be transferred to another account. The banker verifies the documents submitted by you and if he/ she finds all the things are correct then you are asked to withdraw the balance amount in your account. (4) Withdraw the Balance Amount from your Savings Account Your account closure application is taken for processing only after you have surrendered all these items. You need to surrender your Balance Cheque Leaves, if any, Debit Card and the Passbook.

(3) Surrender Balance Cheque Leaves, Debit Card and Passbook to your Bank Branch The account holders may also be asked to self attest these documents. a copy of PAN, which also serves as your proof of identity and a proof of address to the account closure form. (2) Attach your KYC (Know Your Customer) DocumentsĪll the holders of the account need to attach a copy of KYC documents i.e. Please note that if there is/ are any joint holder/s in your account, all need to sign the account closure form. After that you need to sign it and submit it to the branch manager/ officer-in-charge.

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You can download it from bank's website or alternatively, you can visit your branch, get the account closure form and fill it up properly. In order to close your bank account, the first step is to fill up an Account Closure Form.

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If you have a Savings account with bank and interested to know how to it then following are the steps will have to follow: (1) Fill up the Account Closure Form of Bank How to close Bank Of America Savings Account? In order to close your Savings account, you may be interested to know how to close bank Savings Account? It seems tedious but it's very easy to get your account closed, you just need to follow a few steps for the same. Higher Fees & Charges on Financial Transactions.Bank is not providing Online Services properly.Maintenance of higher Minimum Account Balance required.Nevertheless, there could be multiple reasons to close a bank Savings Account such as: Now-a-days, as majority of banks have started operating through an Online Platform, there is hardly any need to close the bank account in normal situations. PPF Acount Advantages and DisadvantagesĬlose Account in Bank Of America Account: It is usually seen that if someone opens a bank account, he/ she rarely closes it & the account remains opened with the bank for a very long time.