Balance transfer

The transfer of the remaining balance to the new account will be initiated by the transferring bank upon account closure, as long as the cancellation date falls on a business day of the bank. If the cancellation date falls on a weekend or public holiday, the bank will complete the closure on the last day before or the first day after the requested date. The transfer usually takes up to two days, but can take longer for very large amounts. These large transactions may be subject to a security check. If this is not the case and the payment takes too long, the transaction must be verified. Only the sender bank can verify where the payment went.