Closing a bank account is as easy as legally possible. They are already highly regulated, and there’s a lot of paperwork to protect you from having your account closed without your permission. You can literally go into a bank if you want help. That’s not the same thing as a gym at all.
I can’t actually walk in. There’s no local branches for this particular place. But even if I could, they can’t close it while transactions are pending. And if new transactions hit, the account goes negative and then you can’t close it until you bring it back positive.
I understand there are fraud concerns on both sides of that coin. But it isn’t easy.
Closing a bank account is as easy as legally possible. They are already highly regulated, and there’s a lot of paperwork to protect you from having your account closed without your permission. You can literally go into a bank if you want help. That’s not the same thing as a gym at all.
I can’t actually walk in. There’s no local branches for this particular place. But even if I could, they can’t close it while transactions are pending. And if new transactions hit, the account goes negative and then you can’t close it until you bring it back positive.
I understand there are fraud concerns on both sides of that coin. But it isn’t easy.