Automated Account Closure

FI Admins can now liquidate and close EIA accounts directly from the Admin Portal at any time, including mid-month. To close an account, navigate to the "Sweep Program" section of the Admin Portal and select "Close Account." From the dropdown, choose the account you wish to close. The current balance will be displayed for review. Once a closure is scheduled, the account will appear in the Closed Accounts table with timestamps reflecting when the closure was requested and when it is scheduled to close. A final statement will be available in your Documents tab and a confirmation email will be sent to your institution once the remaining balance and accrued dividends have been returned in that day's settlement.

Reach out to your Regional Director with any questions or feedback.