Charles Schwab is a financial services firm that offers a wide variety of accounts and services for consumers and businesses. When closing an account with the firm, you need to keep in mind the tax and financial implications of your decision. Although Charles Schwab representatives and the company's website can help you make a wise decision regarding your accounts and money, it is best to get advice from tax and financial professionals.
Obtain your account information, such as your account number. If you are a closing an account for another individual such as an elderly parent or your spouse, make sure that you have their account information along with their Social Security number and address.
Call 866-232-9890 and speak with a customer service representative. Tell him that you want to close your account. He will ask you for all of the pertinent information. Confirm your address with the representative so he can send you forms to be filled out.
Fill out the forms that are sent to you. Make sure the forms contain the correct signatures and send them back to Charles Schwab. Your account will be closed and any money owed to you will be deposited in your bank account or mailed to you in the form of a check.