Close a Stripe Account with an Existing Balance

Question

Can I close an account with a negative balance or with funds that have not been paid out yet?

Answer

Stripe accounts cannot be closed with an existing balance. Negative balances must first be brought to zero, and positive balances must first be paid out to the bank account on file in order to close the account fully. Payouts that have been scheduled will still occur, but if you are on manual payouts, you will need to create a payout for the full amount of your balance to bring it to zero.