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Posted

A search didn't bring up a reliable answer.

 

A friend has two Kbank accounts.

He wants to empty one of them via internet banking and close.

Sure he could go to his branch and close it officially (with paperwork).

Due to his age and condition he would like to save this step.

 

Can an account be emptied to last satang via online transfer or is there a minimum balance to retain?

Will it then be closed automatically?

 

Or just do try and error?

Posted

I think even with a minimum balance it will be closed eventually. Either because annual costs taken, such as paying for a debit card will reduce the minimum amount to zero, or through lack of use.

Posted

I don't know but personally I would simply transfer all the balance.  In 1 second he will know if that works or not.  Assuming it does then remove the 0.00 account from the app and forget about it.

Posted

Based on my experience The Bank account can only be Closed at the branch office where it was opened. Zero amount does not close it.

Posted
28 minutes ago, asiaexpat said:

Based on my experience The Bank account can only be Closed at the branch office where it was opened. Zero amount does not close it.

So I tell him to reduce to 500 and when I visit him next March I will drive him to the branch and close.

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