The steps to close an Affirm savings account
To close an Affirm savings account, you contact Affirm directly through their app or website, request account closure, and wait for confirmation that your balance has been returned. Affirm does not charge a fee to close the account. The process typically takes a few business days once you initiate it, though the exact timeline depends on how your balance is returned to you.
Affirm savings accounts are tied to your Affirm user account, which also holds your payment history and any active payment plans. Closing the savings account does not close your Affirm account itself — you can still use Affirm to make purchases afterward. If you want to close your entire Affirm account, that is a separate step.
Key Takeaways
- You close an Affirm savings account by requesting closure through the Affirm app or website, not by phone or email.
- Affirm will return any balance in your savings account to your original payment method, which usually takes three to five business days.
- Closing the savings account does not affect your ability to use Affirm for future purchases or your existing payment plans.
- You should withdraw or spend any balance before closing if you want to avoid waiting for a refund, though this is optional.
Where to find the closure option in the Affirm app
Open the Affirm app and go to your account settings. Look for a section labeled "Savings" or "Savings Account" — this is usually under your profile or account menu. Tap into that section and look for an option that says "Close Account" or "Manage Account." The exact wording varies slightly depending on which version of the app you have, but the option is always in the savings settings area, not in a general account settings menu.
If you are using the Affirm website instead of the app, log in and navigate to your account dashboard. Find the savings section and look for account management options there. The website layout mirrors the app, so the closure option will be in the same logical place.
What happens to your savings balance when you close
When you request closure, Affirm will return any money in your savings account to the original payment method you used to fund it. If you added money via debit card, the refund goes back to that debit card. If you linked a bank account, the refund goes to that bank account. This return of funds is not instantaneous — it typically takes three to five business days for the money to appear, depending on your bank's processing speed.
You do not have to wait for the refund. If you want when ready access to the money, you can withdraw it to your linked bank account or spend it before closing the account. Some people prefer to do this rather than wait for the refund process. Either way, once you request closure, Affirm will not accept new deposits to that savings account.
The difference between closing savings and closing your Affirm account
Closing your Affirm savings account is not the same as closing your Affirm account entirely. When you close only the savings account, your Affirm user account remains active. You can still use Affirm to make purchases, view your payment history, and manage any active payment plans. Your credit line with Affirm stays in place.
If you want to close your entire Affirm account — meaning you no longer want to use Affirm for purchases at all — that requires a separate request. You would need to contact Affirm support directly for a full account closure. Most people who close their savings account keep their Affirm account open in case they want to use Affirm again later.
What to do if your refund does not arrive
If three to five business days have passed and you have not seen the refund in your bank account or on your debit card, check your bank's transaction history first. Sometimes the refund appears as a pending transaction before it fully clears. If it shows as pending, wait another day or two.
If the refund does not appear at all after a week, contact Affirm support through the app or website. Have your account information and the date you requested closure ready. Affirm can confirm whether the refund was sent and, if it was, can help you trace where it went. If there was an error on Affirm's side, they can reissue the refund.
Timing and what to expect after you request closure
The moment you request closure in the app, your savings account stops accepting new deposits. You cannot add money to it anymore. If you have pending transfers or scheduled deposits, those will be cancelled. Affirm will send you a confirmation message — usually within a few minutes — that your closure request has been received.
The account itself closes once your balance has been fully returned to you. You will receive another confirmation when that is complete. Until then, you can still see the account in your app, but it will be marked as closed or inactive. After the refund clears, the account may disappear from your app entirely, or it may remain visible as a closed account depending on how Affirm displays your history.
Reasons people close Affirm savings accounts
Some people close their Affirm savings accounts because they were not using the feature regularly and wanted to simplify their finances. Others close them because they prefer to save money in a different account — perhaps one with higher interest rates or at a bank they already use. Some close them when they stop using Affirm for purchases altogether and want to clean up their financial accounts.
There is no penalty for closing the account, and Affirm does not require you to keep a minimum balance or maintain the account for any length of time. You can close it whenever you decide it is no longer useful to you.
Frequently Asked Questions
Can I reopen my Affirm savings account after I close it?
Affirm does not allow you to reopen a closed savings account. If you want to use Affirm savings again in the future, you would need to set up a new account. Your Affirm user account remains active, so you can create a new savings account linked to it at any time.
Will closing my savings account affect my Affirm credit line?
No. Your Affirm credit line and your savings account are separate. Closing savings does not change your credit line, your ability to make purchases with Affirm, or your payment history. Your credit line remains the same.
What if I have a pending transfer when I request closure?
Any pending transfers or scheduled deposits will be cancelled when you request closure. If you have money in transit to your savings account, contact Affirm support to confirm whether it will be returned to its source or redirected. It is best to wait for pending transfers to complete before closing.
Do I lose my purchase history if I close the savings account?
No. Your Affirm purchase history, payment plans, and account information remain intact. Closing the savings account only removes that specific savings feature — it does not erase any other part of your Affirm account.
How long does it take for Affirm to confirm the account is closed?
Affirm usually sends a closure confirmation within a few minutes of your request. The account is fully closed once your balance has been returned, which typically takes three to five business days depending on your bank's processing time.