Closing a bank account can be a tough decision, but sometimes it’s necessary. Whether you’re moving to another bank or simply want to close your BDO account for personal reasons, the process can seem overwhelming. Fortunately, it’s a straightforward process that you can complete in a few simple steps. In this article, we’ll guide you through the process of closing your BDO account.
How to Close BDO Online Account in 2023?
Now that you’ve decided to close your BDO account, here are the steps you need to follow.
Step 1: Gather Required Documents
Before you proceed with closing your BDO account, you need to gather the necessary documents. These include:
- Valid ID (government-issued ID, passport, etc.)
- BDO ATM Card
- Passbook (if applicable)
Step 2: Withdraw Your Funds
You need to withdraw all the funds in your BDO account before closing it. You can do this by visiting a BDO ATM or a branch near you. Make sure to withdraw all your funds, including any interest that has accrued.
Step 3: Fill Out the Account Closure Form
Once you’ve withdrawn all the funds from your BDO account, you need to fill out an account closure form. You can get this form from any BDO branch, or you can download it from the BDO website.
Step 4: Submit the Form and Requirements
After filling out the account closure form, submit it along with your ID, ATM card, and passbook (if applicable) to the bank representative. They will then process your request and give you a copy of the accomplished form.
FAQs About Closing BDO Account
Q: Can I close my BDO account online?
A: Unfortunately, you can’t close your BDO account online. You need to visit a BDO branch to complete the process.
Q: Is there a fee for closing my BDO account?
A: No, there is no fee for closing your BDO account. However, you may be charged for any outstanding fees or penalties.
Q: How long does it take to close a BDO account?
A: The process usually takes about one week, but it can take longer depending on the bank’s processing time.
Closing your BDO account is a straightforward process that you can complete in a few simple steps. By following the steps outlined in this guide, you can close your BDO account hassle-free. Remember to gather all the required documents, withdraw your funds, fill out the account closure form, and submit it to a BDO representative. If you have any questions or concerns, don’t hesitate to reach out to the bank’s customer service team.