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Bank closes your account during a pending transfer

The answer

Contact the bank's account-closure or payments team and ask whether the transfer is pending, rejected or already settled.

What to do next

  1. Contact the bank's account-closure or payments team and ask whether the transfer is pending, rejected or already settled.
  2. Request written instructions for retrieving remaining funds and nominate an account you control.
  3. If a dispute remains unresolved, lodge a complaint and use the appropriate external dispute scheme; a compliance hold may limit what the bank can disclose.

Recommended service or product

Australian Financial Complaints Authority

Australian Financial Complaints Authority is a relevant starting point for this task because it offers the official service, tool or product category used in the steps above.

Open Australian Financial Complaints Authority — official website

What to check before deciding

Request written instructions for retrieving remaining funds and nominate an account you control. If a dispute remains unresolved, lodge a complaint and use the appropriate external dispute scheme; a compliance hold may limit what the bank can disclose.

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Frequently asked questions

What details should I verify about bank closes your account during a pending transfer?

Contact the bank's account-closure or payments team and ask whether the transfer is pending, rejected or already settled.

What should I do next if the issue with bank closes your account during a pending transfer remains?

Request written instructions for retrieving remaining funds and nominate an account you control.

What is a sensible follow-up for bank closes your account during a pending transfer?

If a dispute remains unresolved, lodge a complaint and use the appropriate external dispute scheme; a compliance hold may limit what the bank can disclose.

What should readers understand about bank closes your account during a pending transfer?

A closed account and transfer in flight require trace from sending and receiving banks; AFCA covers eligible complaints.