How to Close a Saving Account

A saving account must have a zero balance to be closed.

To close a saving account

Locate the saving account by viewing the client, group, or center that holds the saving account and click on the saving account under Saving Account Overview.

1. Select More and Close from the action bar.

2. On the Close Saving Account form:

   a. Select Closed on from the calendar pop-up Valid dates range from the date the account was opened to the current date

   b. Type a descriptive Note.

   c. Click Submit.

The saving account will be closed and its status updated to Closed.

Related articles

• Page:Share Accounts

• Page:How to Prepay a Loan Account

• Page:Using collection sheet or other payment types for making payments

• Page:How to Assign a Loan Officer

• Page:How to Add a Charge to a Loan Account