How To Close ICICI Bank Canada Account Online?

If you are surprised listening about ICICI Bank Canada, be assured that it is a registered and subsidized part of the staple ICICI bank that you know of. ICICI Bank is a popular private bank that is based out of Mumbai. Besides India, ICICI bank is also operational across 14 other countries. And, not just for personal banking, they also venture into corporate, investments and other allied sectors.

ICICI Bank Canada is one such part that runs internationally, outside of India. If you have an account in that bank and you are actively planning to close it, we’d recommend that you follow through with this article to get all the step-wise knowledge needed.

Your reasoning behind closing the ICICI Bank Canada can be due to several factors. It could be because you didn’t want to move to another country, it could be because you aren’t able to maintain the account anymore, etc.

However, the biggest issue with closing an ICICI Bank Canada account is that you need to visit the branch to process everything. The customers can request a refund and then permanently close the account as per the involved processing.

This article will explore all the essential steps involved in closing the ICICI Bank Canada account online.

How To Close ICICI Bank Account Online in Canada?

Closing an Indian bank account online is a very seamless process that doesn’t even require you to visit the branch at times. However, when it comes to closing an international bank account, there are a few restrictions that you need to be mindful of.

Firstly, you have to submit the refund application process and then make your way from there.

Let us explore each of these steps in detail.

Start with the Refund Application process

The first step to closing your ICICI bank Canada account is to process the Refund application. You can either get the refund application from the bank’s official website or you can request it via post as well. The applicant can then apply for a refund by filling out the application in detail. 

Besides filling out all the details in the application, it is also mandatory for the applicant to offer the supporting and validation documentation with the application.

These include:

• The application for a visa/study permit has been denied/cancelled. 
• The application for admission to a Canadian educational institution was denied. 
• Admission to the Canadian Educational Institution has been withdrawn by the applicant

The applicant has to submit one or multiple documentation to support the reasoning behind them closing the bank account.

Application filling

Make sure that you fill out every detail as asked in the form. This is mandatory. If you fail to provide the bank with the required details, they can end up rejecting the refund application and prevent you from closing the bank account as requested.

Also, make sure that you keep a check on the refund status. Once your refund application process is processed, it can take around six weeks for the refund to come through.

Once the refund amount is processed and credited to the beneficiary’s account, ICICI bank then closes the applicant’s Hello Canada Account. This will prevent any further transactions in the account.

You can download the refund application form here.

How to Submit the Return of Funds Application?

Simply filling out the Return of Funds Application is not enough when it comes to closing the ICICI Canada bank account. You need to actively submit the application form as well.

For this, you need to access the ICICI Bank Canada Secure Email Service. 

You have to then create a new email and address the subject as ‘ICICI SGP – Full Name (First name and/Last name) – Passport Number – Refund Request.’

In the email, you have to specify all the details and then urge ICICI Canada to go ahead and cancel or close your account and initiate the refund process. You need to specify the bank account with the documentation where you wish the refund amount should be processed.

What is an ICICI Hello Canada Account?

With all the basic account closure details out of the way, let us talk about the ICICI Hello Canada account. What is it and what does it entail?

The primary objective of the ICICI Hello Canada account is for the individuals who are planning to shift to Canada due to work, business or even studies. It offers the users three different types of chequing accounts, based on the Canadian currency and comes with a lot of benefits for the consumer.

The customers who wish to open the account can do so from their home countries. Once the account is opened, the customer can then transfer their desired funds to the account for future use.

The primary reason these account works are to get the Certificate of Balance. This comes in handy to satisfy the documentation and financial stability proof to the Government of Canada’s Immigration Departments.

Can I operate the ICICI Hello Canada account from my home country?

Yes, once the Hello Canada account is active, the users have the complete free reign to go ahead and sort out the funds from their home country. There are a few restrictions with the minimal available funds and other associated factors that the customers should be wary of.

Also, there is no minimum deposit associated with the Hello Canada bank account, so you can open it with minimal funds too. However, closing the bank account starts with the refund process of the amount that you have deposited in the bank account. 

As easy as it is to open an ICICI Hello Canada bank account, closing it is just as easy. All you have to do is follow along with the mentioned steps and you should be all set and good to go. Just ensure that you have all the required documentation and submit all the application forms, especially when it comes to the refund application. It is quite a lengthy process, so if you aren’t planning to visit Canada anytime soon, initiate the refund process immediately and close the account.