To close most online checking accounts, send a letter requesting to close the account, as stated by About.com. Certain online banks have an option to close the account online, as seen on Capital One's website. The steps to closing an online bank account vary based on the bank's policies.
To close an account, withdraw the account balance, and transfer any recurring payments to a different account to clear the account completely, according to About.com. The process usually takes two weeks to finish, but it can sometimes take longer to completely clear all items. Once the account balance is zero and there are no scheduled transactions or automatic payments, send a letter requesting to close the account. Include your name, address, account number, contact information and any other required documents. Withdraw any cash reserves or overdraft protection deposits tied to the account. Destroy old checks and debit cards, and request a letter of confirmation as proof that the account is closed.
Certain online checking and savings accounts do not require a letter to close the account, as seen on the Capital One website. The process also begins by clearing the account. Transfer the remaining balance, and cancel future transactions and recurring payments. For websites that offer the option to close an account online, such as Capital One, click on Close Account, and follow the steps to finalize the process.