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How to Close Your Scotiabank Momentum Savings Account: A Comprehensive Guide

In today's digital banking world, managing your finances is more flexible and straightforward than ever before. One aspect many people need help with is closing their bank accounts. If you are a Scotiabank customer and looking to close your Momentum Savings Account, this comprehensive guide will walk you through how to accomplish this via online banking, the mobile app, or by directly calling Scotiabank customer service. Using the method that best suits your needs, you can close your account with ease and confidence.

Closing Your Account via Online Banking

Online banking provides an efficient and convenient means of managing your accounts, including the closure of an existing account. Here are the steps for Scotiabank Online Banking:

• Log into your Scotiabank online banking account.
• Navigate to the "Accounts" section and locate your Momentum Savings account.
• Check for any outstanding balances or pending transactions.
• If the account is clear, move to the "Account Services" section under "Manage My Accounts".
• Select "Close Account" and follow the prompts to finalize the closure.

It’s imperative to remember that closing your account may affect scheduled payments or automatic transfers previously set up. Revise your scheduled transactions prior to account closure.

Closing Your Account via Scotiabank Mobile App

For those preferring mobile banking, Scotiabank's app provides a streamlined, user-friendly process to close your Momentum Savings account. Here's how:

• Open your Scotiabank mobile app on your smartphone.
• Log in using your banking credentials.
• Go to the "Accounts" section and select your Momentum Savings account.
• Ensure the account doesn't have any outstanding transactions.
• Access "More Actions," then "Manage Account" to find the "Close Account" option.
• Follow the prompts to complete the closure.

Do consider that Scotiabank may ask for confirmation or send notifications to your email before account closure, to maintain account security.

Closing Your Account by Calling Scotiabank Customer Service

If you need direct assistance or prefer a more personal touch, Scotiabank's customer service is ready to help. To close your account over the phone:

• Dial the Scotiabank customer service number at 1-800-472-6842.
• Follow the automated prompts to reach a customer service representative.
• Clearly state that you want to close your Momentum Savings Account.
• The representative will guide you through the closure process and confirm any necessary details.

Please prepare to answer several identification questions to verify account ownership. It is also a good idea to have your account number handy.

Wrapping Up

Closing a bank account shouldn’t be a complex task. With Scotiabank, you have three easy methods available to close your Momentum Savings Account: online banking, the mobile app, or a outgoing call to customer service. Before initiating the process, make sure to prepare for any automatic payments, transfer funds as needed, and double-check your account for pending transactions. Mindful preparation and knowing your options will ensure a seamless account closure.