How can I get my Bank of the West Secured Card deposit refunded? This question is about the Bank of the West Secured Credit Card

You can get your Bank of the West Secured Credit Card security deposit refunded when you close the account with no unpaid balance. Key Facts About the Bank of the West Secured Credit Card Deposit Refund If you close the account with an unpaid balance, Bank of the West will deduct the amount owed from your deposit. You cannot withdraw money from your deposit as long as the secured card account is open. The card does not graduate to unsecured, so you can't get your deposit back that way either. It should take 30 days to receive your deposit after the account is closed. So don’t worry about putting up a deposit when you get a Bank of the West Secured Credit Card. You’re not parting with any of the money for good, as long as you pay off your balance. The deposit just gives Bank of the West a guaranteed way to recoup their money if you don’t pay.

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How can I get my Bank of the West Secured Card deposit refunded?

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This question is about the Bank of the West Secured Credit Card

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John Miller, Credit Cards Moderator

@john_miller • 03/10/23 This answer was first published on 03/10/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You can get your Bank of the West Secured Credit Card security deposit refunded when you close the account with no unpaid balance.

Key Facts About the Bank of the West Secured Credit Card Deposit Refund

If you close the account with an unpaid balance, Bank of the West will deduct the amount owed from your deposit.
You cannot withdraw money from your deposit as long as the secured card account is open.
The card does not graduate to unsecured, so you can't get your deposit back that way either.
It should take 30 days to receive your deposit after the account is closed.

So don’t worry about putting up a deposit when you get a Bank of the West Secured Credit Card. You’re not parting with any of the money for good, as long as you pay off your balance. The deposit just gives Bank of the West a guaranteed way to recoup their money if you don’t pay.

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