Account closure refers to the process of terminating a financial or online account, such as a bank account or social media profile. This action can be initiated by the account holder or the service provider, often requiring specific steps to ensure that all transactions are settled and data is properly handled. When closing an account, it is important to review any outstanding balances, fees, or obligations. For example, a bank account may require the account holder to withdraw remaining funds, while a social media account may involve deleting personal information. Proper closure helps prevent future issues or unauthorized access.