Letter to Close Bank Account: This is a complete guide on how to write letter to bank manager to close bank account and transfer funds if available. That doesn’t matter whether you have personal, savings, or business account.
Here you can also find a sample authorization letter to close bank account so that you can edit it according to your requirements.
Most of the banks allow their customer to close their bank account permanently through online net banking and by filling bank account closure form as long as the account is in good standing.
But closing a bank account through sending a letter to the manager is the best way to get the job done.
So if you are looking for how to write a letter to the manager to close bank account permanently then you will love this guide.
Sounds Good! Let’s dive right in…
What is Bank Account Closing Letter?
A bank account closure letter is basically a formal way of requesting for a closing your bank account permanently and transfer money to other accounts if available.
An account closing letter is written by an account holder to the branch manager. Also, keep in mind that there are some rules you must need to follow them to write the perfect bank account closure letter.
You can write this application different languages such as English, Hindi, Marathi, Tamil, Telugu, Kannada, etc.
Why you need to close your bank account
When we open a new bank account that doesn’t matter whether its Savings, Business or Salary account then it is usually for the lifetime.
But sometimes the situations arise in which you have to close it permanently.
Here you can find the possible reasons in which a person may want to close their account:
- Major reasons are like an unreliable net banking system, rude staff or don’t trust the service enough
- A person who has recently shifted to other state or shifting out of the country
- Sometimes a person needs to cash all the money from non-zero balance account
- Students may want to close it after completing their study
Whatever reason may be, when you decide to close an account, there are certain things that you need to take care of and don’t get hit with any overdraft charges, penalty or other issues.
Open a new account: You must need to open a new account first so you won’t miss any payments or deposits.
Update automatic & recurring payments: Before you proceed, you need to remove or update automatic and recurring payments such as student loan payment, home loan payment, television streaming service and more.
Transfer fund to a new account: After you update the payments and deposits, you can switch your funds to a new account through online net banking.
What should be included in the letter?
If you are planning to write letter to close bank account then there are some important points you must include in your application.
- The subject of the application
- Request for the closing of account
- The reason if you want to add
- Closing remarks
Sample Letters to Close Bank Account
22, Street Park Road,
Mobile no: 12345-67890
The Branch Manager
City Indian Bank,
52, Nicholas Street,
Date: 30th December 2019
Subject: Closure of Business/Savings Bank Account No: 14726353428
I Mr. Riyan Patel having a savings account with City Indian Bank whose account number is 14726353428, residing at 52, Nicholas Street, Ahmedabad, Gujarat.
Today I am writing this letter because I want to close my account as I’m not in a position to operate the same due to unavoidable circumstances.
All the bank related documents ATM card, checkbook, passbook, and credit card (whatever applicable) are returned herewith.
Please feel free to contact me at [email protected] or call me on 12345-67890.
I’d Like to Hear From You
I hope guys you enjoyed this ultimate guide to writing a letter to close bank account in 2020. If you have any questions then let us know in the comment section below.