{"id":9027,"date":"2024-01-02T15:38:04","date_gmt":"2024-01-02T20:38:04","guid":{"rendered":"https:\/\/myratecompass.ca\/blog\/?p=9027"},"modified":"2025-07-20T16:20:51","modified_gmt":"2025-07-20T20:20:51","slug":"how-to-close-a-bank-account-in-canada-a-step-by-step-guide","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/","title":{"rendered":"How To Close A Bank Account In Canada: A Step-By-Step Guide."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><ul class=\"ez-toc-list-level-2\"><li class=\"ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#Reasons_To_Close_A_Bank_Account\" title=\"Reasons To Close A Bank Account\">Reasons To Close A Bank Account<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#Preparing_To_Close_Your_Bank_Account\" title=\"Preparing To Close Your Bank Account\">Preparing To Close Your Bank Account<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#How_To_Choose_A_New_Bank_Account\" title=\"How To Choose A New Bank Account \">How To Choose A New Bank Account <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#How_To_Close_A_Bank_Account_In_Canada\" title=\"How To Close A Bank Account In Canada\">How To Close A Bank Account In Canada<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#The_Fees_And_Penalties_For_Closing_A_Bank_Account\" title=\"The Fees And Penalties For Closing A Bank Account\">The Fees And Penalties For Closing A Bank Account<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#What_To_Do_After_You_Closed_Your_Bank_Account\" title=\"What To Do After You Closed Your Bank Account\">What To Do After You Closed Your Bank Account<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#Conclusion_Closing_a_Bank_Account_in_Canada_Smoothly_and_Efficiently\" title=\"Conclusion: Closing a Bank Account in Canada Smoothly and Efficiently\">Conclusion: Closing a Bank Account in Canada Smoothly and Efficiently<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-1\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/#i\" title=\"\u00a0\">\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9027\" class=\"elementor elementor-9027\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c93babd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c93babd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e17d83e\" data-id=\"e17d83e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c26c308 elementor-widget elementor-widget-text-editor\" data-id=\"c26c308\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Closing a bank account in Canada can seem like a daunting process, especially if you\u2019ve never done it before. Luckily, the process is relatively straightforward. This guide covers everything you need to know about closing a bank account in Canada, including what to do with remaining funds and how to prepare for the process.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d7dc63 elementor-widget elementor-widget-heading\" data-id=\"9d7dc63\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Reasons_To_Close_A_Bank_Account\"><\/span><b>Reasons To Close A Bank Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e97d6f1 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"e97d6f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You may choose to close your bank account for a variety of reasons. Including the following:<\/p><p>You\u2019re not satisfied with the services offered by your current bank.<\/p><p>You\u2019re moving somewhere without a nearby bank branch.<\/p><p>There are better interest rates elsewhere.<\/p><p>You want to reduce the number of accounts you have to consolidate your finances.<\/p><p>Whatever your reasons, you need to<strong> prepare to close your account <\/strong>before you can officially close it.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d9d245 elementor-widget elementor-widget-heading\" data-id=\"0d9d245\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Preparing_To_Close_Your_Bank_Account\"><\/span><b>Preparing To Close Your Bank Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf669dc elementor-widget elementor-widget-text-editor\" data-id=\"cf669dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Closing your bank account requires thorough preparation to ensure it goes smoothly. To make sure you have everything covered, see the following steps:<\/p><p><strong>Make sure you make note of your account information<\/strong>. You\u2019ll want to know your account number, your bank\u2019s name, and the bank\u2019s contact information.<\/p><p><strong>Check if outstanding transactions or cheques need to be cleared<\/strong>. You cannot close an account if there are outstanding transactions or balances.<\/p><p><strong>Check for automatic payments<\/strong>. If you have any automatic payments or direct deposits set up through your account you&#8217;ll need to ensure those are transferred to a new account or cancelled.<\/p><p><strong>Move your remaining funds<\/strong>. If there are remaining funds in your account, you could<strong> transfer them<\/strong> into another account (different or same bank) or <strong>withdraw the funds<\/strong> in cash. Alternatively, you could have your funds issued as a cheque. Once your account is closed, you will not have access to these remaining funds.<\/p><p><strong>Give yourself time<\/strong>. Don\u2019t wait until the last minute to close your account. Give yourself time to make the necessary arrangements.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-201991d elementor-widget elementor-widget-heading\" data-id=\"201991d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Choose_A_New_Bank_Account\"><\/span><b>How To Choose A New Bank Account <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9f11f6 elementor-widget elementor-widget-text-editor\" data-id=\"b9f11f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>If you want to close your bank account but are uncertain which new bank account to choose<\/strong> for your funds, here are a few things to consider:<\/p><p><strong>Fees:<\/strong> One of the biggest factors to consider when choosing a new bank account is the fees. Consider the monthly, ATM and <a href=\"https:\/\/myratecompass.ca\/blog\/chequing\/nsf-and-overdraft-fees-in-canada\/\">overdraft fees<\/a>.<\/p><p><strong>Services:<\/strong> Consider which services you want included in your new bank account such as online banking, mobile banking or access to large ATM networks. These services should factor into your final decision.<\/p><p><strong>Interest rates:<\/strong> If you&#8217;re opening a <a href=\"https:\/\/myratecompass.ca\/blog\/savings\/savings-account-guide\/\">savings account<\/a>, the interest rate is a key factor to consider. If savings are your goal, look for a bank that offers competitive interest rates.<\/p><p><strong>Customer service:<\/strong> Consider the bank&#8217;s reputation for customer service. Do they offer excellent customer service? Make sure you know what you&#8217;re getting into.<\/p><p><strong>Security and fraud protection<\/strong>. You&#8217;ll want to ensure you&#8217;re comfortable with the security and fraud protection offered by your new bank. Read up on this where possible.<\/p><p><strong>Once you&#8217;ve prepared your old bank account to close and have a new account or financial plan lined up<\/strong>, you can go ahead and close your account. The steps are outlined in the following section.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe80a11 elementor-widget elementor-widget-heading\" data-id=\"fe80a11\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Close_A_Bank_Account_In_Canada\"><\/span><b>How To Close A Bank Account In Canada<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aee86d2 elementor-widget elementor-widget-text-editor\" data-id=\"aee86d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The process of closing a bank account in Canada will vary based on the bank, but the general steps go as follows:<\/p><p><strong>Contact your bank<em>:<\/em><\/strong> Even if you plan on closing your account online, you will still need to contact your bank and inform them of your intention to close your account. You can contact them by calling customer service, sending an email, visiting a branch or even sending a letter.<\/p><p><strong>Submit a request to close your account<em>:<\/em> <\/strong>You need to submit a formal request to close your account. You can fill out a form online, or submit a written request.<\/p><p><strong>Pay any outstanding fees or charges:<\/strong> If you skipped this step during preparation, you\u2019ll need to do it here to close your account.<\/p><p><strong>Transfer or withdraw your funds:<\/strong> Before your account is closed, you should transfer or withdraw any remaining funds.<\/p><p><strong>Wait for confirmation:<\/strong> Once you&#8217;ve done all this, you&#8217;ll need to wait for confirmation from your bank that your account has been closed.<\/p><p>Once you\u2019ve closed your account, make sure you have a<strong> record of all the documentation,<\/strong> such as communications with your bank regarding the closure of your account. <strong>This can be helpful if there are any disputes or issues later on.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6dc578 elementor-widget elementor-widget-heading\" data-id=\"f6dc578\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"The_Fees_And_Penalties_For_Closing_A_Bank_Account\"><\/span><b>The Fees And Penalties For Closing A Bank Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-778950f elementor-widget elementor-widget-text-editor\" data-id=\"778950f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>When you close a bank account you <strong>might incur some fees or penalties<\/strong>. These can <strong>vary depending on your bank<\/strong> and the specific terms of your account.<\/p><p><strong>There are no fees for closing your bank account<\/strong>. However, if you close your account within 90 days of opening it, you may incur a fee of\u00a0 <a href=\"#_ftn1\" name=\"_ftnref1\"><sup>[1]<\/sup><\/a>$20. To avoid this, simply move your funds out of the account and wait until the 90 days have passed before closing your account.<\/p><p><strong>There may be fees involved if you close your bank account with a negative balance<\/strong> or if you have outstanding fees. These can accumulate or result in fines if not addressed. In extreme situations, the bank may hand over any debt to a collection agency, so make sure you don\u2019t close your account if you still owe the bank money.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72ec4a6 elementor-widget elementor-widget-heading\" data-id=\"72ec4a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_To_Do_After_You_Closed_Your_Bank_Account\"><\/span><b>What To Do After You Closed Your Bank Account<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c802742 elementor-widget elementor-widget-text-editor\" data-id=\"c802742\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you prepared correctly and successfully closed your account, keep a few things in mind:<\/p><p><strong>Remember to hold onto your documentation of account closure.<\/strong> This documentation is vital for personal records and potential disputes.<\/p><p><strong>Monitor your finances for a while.<\/strong> Make sure there are no unexpected charges or fees, and check that all your automatic payments and direct deposits have been successfully transferred or cancelled.<\/p><p><strong>Make sure you understand the terms and conditions of your new account<\/strong>. You may have to get used to slightly different terms than your previous account.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a14d4e elementor-widget elementor-widget-heading\" data-id=\"7a14d4e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Conclusion_Closing_a_Bank_Account_in_Canada_Smoothly_and_Efficiently\"><\/span><b>Conclusion: Closing a Bank Account in Canada Smoothly and Efficiently<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57c5615 elementor-widget elementor-widget-text-editor\" data-id=\"57c5615\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Closing a bank account in Canada doesn&#8217;t have to be stressful. With a bit of preparation and the right knowledge, you can navigate this process smoothly and efficiently.<\/p><p>Remember to do your research, plan ahead, and keep a record of all communications with your bank. Understand any potential fees or penalties, and make sure you&#8217;ve made arrangements for any remaining funds before closing your account.<\/p><p>With this comprehensive guide, you now have all the information you need to close a bank account in Canada. Good luck with your banking journey!<\/p><p>\ud83d\udca1 <strong data-start=\"104\" data-end=\"116\">Pro Tip:<\/strong> Major financial changes like closing a bank account are a great time to reassess your overall financial strategy.<br data-start=\"230\" data-end=\"233\" \/>If you\u2019re consolidating accounts, switching banks, or reviewing your financial goals, this could also be a good time to evaluate your mortgage or life insurance coverage.<\/p><p><br data-start=\"403\" data-end=\"406\" \/>\ud83d\udd0d <strong data-start=\"409\" data-end=\"485\">Need help reviewing your mortgage, renewing it, or finding better rates?<\/strong><\/p><p>\ud83d\udee1\ufe0f <strong data-start=\"492\" data-end=\"563\">Wondering if your current life insurance still fits your situation?<\/strong><br data-start=\"563\" data-end=\"566\" \/>I can help. <a href=\"https:\/\/info.mohamedkonate.ca\/book-page\" target=\"_blank\" rel=\"nofollow noopener\">Reach out for a free consultation<\/a> and make sure your money is working for you.<\/p><h1 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"i\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h1>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> Closing a bank account in Canada can seem like a daunting process, especially if you\u2019ve never done it before. Luckily, the process is relatively straightforward. This guide covers everything you need to know about closing a bank account in Canada, including what to do with remaining funds and how to prepare for the process. Reasons&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/personal-finance\/how-to-close-a-bank-account-in-canada-a-step-by-step-guide\/\">Continue reading <span class=\"screen-reader-text\">How To Close A Bank Account In Canada: A Step-By-Step Guide.<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":9260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[10],"tags":[21],"class_list":["post-9027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-300x225.jpg",300,225,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-768x576.jpg",750,563,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",750,563,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-333x250.jpg",333,250,true]},"post_excerpt_stackable":"<p>Table of Contents Reasons To Close A Bank AccountPreparing To Close Your Bank AccountHow To Choose A New Bank Account How To Close A Bank Account In CanadaThe Fees And Penalties For Closing A Bank AccountWhat To Do After You Closed Your Bank AccountConclusion: Closing a Bank Account in Canada Smoothly and Efficiently\u00a0 Reading Time: 4 Min Closing a bank account in Canada can seem like a daunting process, especially if you\u2019ve never done it before. Luckily, the process is relatively straightforward. This guide covers everything you need to know about closing a bank account in Canada, including what to&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/personal-finance\/\" rel=\"category tag\">Personal Finance<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-300x225.jpg",300,225,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-768x576.jpg",750,563,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",750,563,false],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg",924,693,false],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada-333x250.jpg",333,250,true]},"post_excerpt_stackable_v2":"<p>Table of Contents Reasons To Close A Bank AccountPreparing To Close Your Bank AccountHow To Choose A New Bank Account How To Close A Bank Account In CanadaThe Fees And Penalties For Closing A Bank AccountWhat To Do After You Closed Your Bank AccountConclusion: Closing a Bank Account in Canada Smoothly and Efficiently\u00a0 Reading Time: 4 Min Closing a bank account in Canada can seem like a daunting process, especially if you\u2019ve never done it before. Luckily, the process is relatively straightforward. This guide covers everything you need to know about closing a bank account in Canada, including what to&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/personal-finance\/\" rel=\"category tag\">Personal Finance<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/mohamedkonate\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2023\/12\/How-To-Close-A-Bank-Account-In-Canada.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/9027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=9027"}],"version-history":[{"count":30,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/9027\/revisions"}],"predecessor-version":[{"id":15817,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/9027\/revisions\/15817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/9260"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=9027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=9027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=9027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}