CLOSING ACCOUNT...
HEY I JUST OPENED MY ACCOUNT IN QIIB LYK 1 WEEK BACK AND NOW I WANT TO CLOSE IT AND WANT TO OPEN IN MAHSREQ BANK SO WHAT WILL BE THE PROCEDURE??ACCOUNT WAS CURRENT I JUST OPENED THERE FOR THE LOAN BUT THEY SAID THEY NEED A GURANTOR FOR THIS SO DONT WANT TO CONTINUE WITH THEM SUGGEST ME PLEASE THANK'SS
1)First of all, you will have to close the A/c by giving a request letter. You will be given the balance in the A/c, less any charges according to the Tariff of the bank.
2) Thereafter, you can open a new A/c in Mashreq Bank and continue. However, it is advisable to discuss about the terms & requirements in relation to your Loan with the bank prior to open the A/c.
3) Commonly, you will be required to prove the bank about your repayment capacity to apply for a Loan. Then, they will evaluate your profile against financial obligations and credit worthyness.
Please don't ever blame a bank, just because you open an A/c with them. It is purely based on their Credit Policy and your re-payment capacity.
Good Luck!!
Kindly speak to the customer service desk straight away to help you out in transfering your account from one bank to other..
Follow the link below to give you bit more ideas:
http://www.qatarliving.com/search?cx=008937172676595728955%3A066rihafv68&cof=FORID%3A11&Q=closing+bank+account&sa=Search#1541
i close my account in 1 of the banks there and i just went to the bank assistant and they process my papers... i didnt pay anything ... i thinks it just that a 30 min.. plus the waiting tym... that's it
Since the account is less than one year old you may have to pay a closing fee of QR 500. It depends from bank to bank though.