Cancel Triodos business account
If you want to cancel your business account with Triodos, it is important to follow the official procedure. Triodos uses a combination of digital cancellation options and a paper closure form for certain legal structures.
As a result, the way of cancelling differs depending on your business. In this article, you will read exactly how to properly close your Triodos business account , which documents you need, and which steps you absolutely must not skip.
How do I close my Triodos business account?
Closing a business account with Triodos depends on the legal structure of your company. Sole proprietorships and self-employed professionals can close the account digitally via the Triodos app. For private limited companies (BVs), foundations, associations, general partnerships (vof), professional partnerships (maatschappen), and other business legal structures, a paper form is mandatory. The step-by-step guide below makes the process for both routes completely clear.
1. Determine whether you need to close online or by form
If you have a sole proprietorship, you can close the account via the Mobile Banking app. All other legal structures must use the paper “Business Account Closure Form” provided by Triodos.
2. Make sure the balance on your business account is not negative
An account can only be closed if the balance has been brought up to date. Top up any shortfalls or transfer the remaining positive balance to another business account.
3. Check whether there are still direct debits or recurring transfers running
Stop, amend, or move these to your new business account. Triodos will no longer process ongoing transactions once your account has been closed.
4. Download all your transactions and records
After closing your business account, you may lose access to the online banking environment. Therefore, download your bank statements, annual statements, and other records before proceeding.
5. Complete the closure form in full if your legal structure requires it
Depending on your company structure, one or more authorised persons must sign. Triodos also requests a copy of a valid identity document for all signatories with the form.
6. Indicate which account any remaining balance should be transferred to
Triodos asks for a valid counter account in the name of your company or an authorised account holder.
7. Submit your closure request
For sole proprietorships, this can be done directly via the app. For all other businesses, send the fully completed and signed form by post to Triodos. You will receive confirmation once the closure has been processed.
Receive a free physical card
IBAN and card in 1 day
Automatiseer je admin
Geld verdienen
Close your Triodos business savings account
Triodos business savings accounts are linked to your business current account. This means that a business savings account cannot continue to exist independently. If you close your business current account, the savings account will be terminated automatically.
The balance will be transferred to the designated account you indicated on the closure form. If you have multiple savings accounts, you must provide clear instructions for the balance for each account.
How long does it take to close a business Triodos account?
Triodos does not provide an exact turnaround time for closing a business account. The processing time depends on how you cancel. Digital cancellations via the app are generally processed more quickly.
For cancellations via the paper form, you should allow for postal processing and additional internal checks. In practice, it usually takes a few working days before the cancellation is final. You will receive a written or digital confirmation once the account has been closed.
Are there any charges for closing a business account with Triodos?
Triodos does not charge a fixed termination fee for closing a business account. However, regular charges, such as payment package fees and any interest or service costs, are still settled up to the moment your account is closed.
In addition, the balance must be at least €0 before Triodos can close the account. Any outstanding charges must therefore be paid first. If in doubt, ask your Triodos contact point whether there are any other outstanding charges or transactions.
Cancelling a business account with other banks
You now have a clear picture of how to close a business account with Triodos. Do bear in mind that each bank applies its own terms and conditions, so always check the most up-to-date cancellation procedure for each bank to avoid delays. Curious how to arrange this with other banks?
FAQ
Frequently asked questions about cancelling a Triodos business account
Can I close my business Triodos account online?
Do all signatories need a copy of their ID?
What happens if my business account has a negative balance when I cancel it?
The account that saves you time and money