Closing bank accounts on - line

vixen1500

wmb194 said:

vixen1500 said:

Received letters from Halifax saving my regular savers are about to mature.  Apparently these will automatically renew and you can only close them in branch.
I had not planned on continuing with them, just wondering what happens if I nolonger make any payments into the account, will the Halifax then close them?

They'll just sit empty forever... You close them online by 'renewing' them into an easy access account and closing that.

Thanks so much for sharing that.  

I have been trying to cut down the number of savings accounts we have as their is barely any difference between most regular savers and the easy access accounts at present.

Yorkie1

wmb194 said:

vixen1500 said:

Received letters from Halifax saving my regular savers are about to mature.  Apparently these will automatically renew and you can only close them in branch.
I had not planned on continuing with them, just wondering what happens if I nolonger make any payments into the account, will the Halifax then close them?

They'll just sit empty forever... You close them online by 'renewing' them into an easy access account and closing that.

Would the same apply to Lloyds accounts, do you think? I have about four or five empty old regular saver accounts that I can't close either online or in App. If I renew them into something else, I'll then be able to close them via either online / app?

Malchester

vixen1500 said:

flaneurs_lobster said:

Heard on here that the Ulster Bank 5.2% Loyalty Saver that I've shovelled cash into can only be closed by visiting Norn Iron.

It's easy access so no big deal but, since it pays interest annually, the usual route to getting early dibs on the extra by closing the account is problematic.

Solo accounts can be closed online

Joint accounts require you to request in writing 

You can only close Ulster Bank account online if you have more than 1 account. I completed the online form to close an account with Ulster Bank. A week later got an email from RBS saying I couldn't close the the account and had to go to one of their branches. Forget having to go to Northern Ireland, to receive an email from a different bank about an account with another bank (even part of the same group) is a big no no, especially thinking about scams and fraud. Complained over a week ago to two places but not received any acknowledgement.

wmb194

Yorkie1 said:

wmb194 said:

vixen1500 said:

Received letters from Halifax saving my regular savers are about to mature.  Apparently these will automatically renew and you can only close them in branch.
I had not planned on continuing with them, just wondering what happens if I nolonger make any payments into the account, will the Halifax then close them?

They'll just sit empty forever... You close them online by 'renewing' them into an easy access account and closing that.

Would the same apply to Lloyds accounts, do you think? I have about four or five empty old regular saver accounts that I can't close either online or in App. If I renew them into something else, I'll then be able to close them via either online / app?

Yes, you can use the same process with Lloyds (and BoS).