Close a Sub-Account
These steps explain how to close a member's sub-account such as a checking account.
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Prior to closing the sub-account, you must ensure it is at a zero balance. To do this, you may need to post dividends. Learn how to post dividends to a share sub-account.
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After you complete the steps below, the sub-account will be permanently closed after end-of-day processing.
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Launch Tool #22 Close Memberships/Accounts.
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Place a '1' beside Close accounts.
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Depending on the member's enrollments, you may need to perform additional actions such as closing the member's overdraft protection.
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Click the forward arrow.
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Enter the member's account base and suffix.
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Click the lookup button beside the Reason code box to select a reason for closing the account.
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Click the forward arrow.
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Click Close.
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Click Continue to confirm.