How to close an account in a Slovak bank

Some banks in Slovakia may close foreigners' accounts at their own discretion if they deem the client to be insufficiently reliable. Other banks prefer to keep clients as long as possible by charging a fee for account maintenance.

Closing an account in SR is not difficult according to the law. To do this, you need to personally visit the branch of the bank where the account was opened and submit a corresponding application. A fee for closing an account may only be charged if this is stipulated in the terms of the service agreement.

If you want to close an account in Slovakia while abroad, you can send the application by mail. It is important that your signature on the application is certified by a notary or at the consulate. It is also possible to close the account through an authorized person by issuing a power of attorney. To do this, you need to visit the consulate of the Slovak Republic and certify the signature on the power of attorney or application for account closure. Then hand over this document to the authorized person or send the application for account closure by registered mail directly to the bank. A person with such a power of attorney will be able to complete the account closure procedure by visiting the bank. If you send the application directly to the bank, it will close the account itself.

Please remember that there should be no outstanding debts at the time of account closure, and the account should contain an amount equal to two months of subscription service (if provided). The remaining funds in the account will be transferred to another account you specify, opened in your name.