Closing a bank account is free and easy to do online, in person, or over the phone as long as the account is in good standing and you don't have any existing debts.

6 best joint bank accounts of July 2025 You can open a joint bank account with a spouse, business partner, friend or relative.

Bank of America is currently offering new customers a $300 checking account bonus, as well as a $200 business checking account bonus.

See NerdWallet's picks for the best checking accounts of July 2025. These banks have low fees and consumer-friendly features.

Dawn Tao is currently the Chief Financial Officer at The Bank of East Asia Ltd. and is also a Member of the Association of Chartered Certified Accountants (Hong Kong).