How to close a bank account in Nigeria?

Read all about how to close a bank account in Nigeria.

If you are disappointed with the services of your bank, you may decide that you no longer want to bank with them, and close your account.

While it is very much possible to close your bank account, it can be a very frustrating process, as no bank will easily let you close your bank account. They will try as much as possible to convince you to stay.

If you don decide to close it for whatever reason known to you, then I will try my best to show you the best way to go about it.

In this post, I am going to be writing about all you will need to know about closing your bank account in Nigeria and more.

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Let’s get into it then…

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How to close bank account in Nigeria?

Rather than closing your bank account, you could also decide to withdraw all the money you have in the bank and leave it dormant, while you continue with a different bank. Since nowadays banks offer “Zero accounts”, this means you can easily withdraw all your money and leave the account empty.

If you do decide to go ahead with closing your bank account, then you will need to visit your bank’s nearest branch, since this cannot be done online.

Walk to the customer service desk and let your request be known, they will obviously try to convince you to stay on as their customer, but if you stand your ground, and give them a good reason, then they will guide you on what to do.

Some banks will give you an account closure form to fill, and some will require you write a letter stating your intention and reason for closing your account.

Once you submit the above documents, your request will be processed, and it usually will not take more than 48 hours before your bank account will be closed.

In many cases, there may be an account closure fee that you may need to pay before your account will be closed.

How to close your bank account online?

It is not possible to close your bank account online in Nigeria, you will need to visit your bank’s nearest branch to complete the process.

Frequently asked questions (FAQs)

Is it possible to close your bank account in Nigeria?

Yes, all you need to do is visit the bank and let your request known.

How to close my bank account online?

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It is not possible to close your bank account online in Nigeria, you will need to visit your bank’s nearest branch to complete the process.

How long does it take to close bank account?

It usually will not take more than 48 hours before your bank account will be closed.

Conclusion

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