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How to Write a Bank Account Closing Letter | Format, Sample, and Examples
Bank Account closing letter sample Format
Bank account closing letter sample format is very simple and easy to writhe. To cancel a bank account, you must send an official letter to the bank management. In this post you will not only learn how to write a bank account closing letter but also can download free bank account closing letter sample format that is ready to use and you can just take a printout change your name and use it.
The reason for shutting the bank account should be stated very clearly in the letter. In addition, all bank account information, such as account number, branch code, full name, and so on, should be included in the application letter.
If you’re looking for an application for closing a financial balance letter or the finest examples of ledger closure applications, you’ve arrived at the right place. There is no rigid cycle for closing a financial balance. It’s a straightforward cycle.
You may also check-Sample Letter to Bank Manager for Wrong Money Transfer to Another Account
Table of Contents
Formats and Examples of Bank Account Closing Letters
To cancel your account, you must write an application to the bank office administrator and attach your checkbook, passbook, and ATM card to this application. You may also transfer the money balance from one branch to another without closing it. In most cases, the bank will take 5 to 10 days to complete the transaction.
If any application is written without the assistance of anyone else, it is always a good practice; nevertheless, due to a lack of time, we are unable to write a professional application.
As a result, simply to spare you time, we’ve created a few samples of ledger closing letters that will make your job easier.
Individual reasons, migrating to other countries, unpleasant bank representatives, untrustworthy financial frameworks, a high premium on credits, or online banking problems are among the most commonly recognized reasons why account holders shut their ledgers.
In this post, we’ll go through how to draft an appropriate bank account closure letter. Those who do not know how to write a concluding letter need not be concerned. Read the whole article to learn how to compose these types of letters.
Format of a Bank Account Closing Letter
The following information should be included in the format of the bank account closure letter for any bank like SBI, PNB, Union bank, Bank of Baroda, UCO Bank, Paytm Bank, Canara Bank, etc.:
- Salutation (Sir/Madame)
- Body of the letter
- Thank you
- Closing with yours
- Addressing the Branch Manager
- Name and address of the bank
- Date
- Subject line
- Salutation (Sir/Madame)
- Sincerely,
Remember these key points:
Examine your bank account:
This is the most crucial endeavor before closing your bank account. Do you have a record with a crucial balance?
To transfer or withdraw money, follow these steps:
You have the option of transferring the money to another record or withdrawing it. Moving electronically is the most trouble-free option and usually takes less than a day. You may, however, contemplate manually taking it out in some circumstances. This is a more traditional way of doing things.
Close/Terminate the Bank account:
After you’ve transferred all of your funds, you’ll be able to write an application letter to close your account. Remember to ask your bank for a composed record.
Destroy your credit cards and checks: It’s a good idea to destroy your credit cards and checks at this point. This will also assist to guarantee your security. Along with your application letter, banks often require the restoration of your credit cards and checks. You may also follow the instructions provided in your client mindfulness brochure.
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What are the requirements for closing a bank account?
To cancel a bank account, you’ll need a few essential items, which you’ll need to present to the bank.
As an example,
- Your bank’s account number
- Name of the account holder
- Account holder’s signature
- Original Bank Account Passbook
- a checkbook (If Issue).
- Debit Card (If Issue).
- Recognize Proof (Ex. Aadhar Card, Pan Card, Voter ID Card, Driving License).
- Address Verification (Ex. Aadhar Card, Voter ID Card)
If you bring the above-mentioned materials to your bank branch, you should be able to terminate your account without difficulty. Many banks, however, may impose “account closing costs,” which you may be required to pay.
Bank account closing letter format Sample #1
Simple Application Letter To The Manager To Close A Bank Account Name Of The Bank Name Of The Branch Address Of The Branch
Sub: Request to cancel a bank account
Greetings, Sir/Madame
In your bank, my account number is XXX3321. I am now unable to continue using this account. As a result, you are kindly asked to terminate the account and credit the money to me through cash or dd.
Thank you very much,
Sincerely yours
[Name]\s[Signature]
[Date]
[Phone Number]
[Address]
Bank account closing letter format Sample #2
Application To Close A Bank Account In English, To The Bank Manager, Bank Name, Branch Name, City
Subject: Bank Account Closure-A/C-XXXX8542
Respectfully, Sir or Madam,
With all due respect, I’d like to inform you that I have a savings account with your bank that I’d want to cancel immediately for personal reasons.
The account’s details are as follows:
Account Number – XXXX8542
1. Account Holder Name – XXXXX8542
2. Account Number – XXXXX8542
3. Bank IFSC Code – SBINXXXX023
4. Rs. 15,000 in current balance
Please cancel my above-mentioned account and pay the remaining sum in cash.
I’ll be grateful if you can help me.
Sincerely,
[Name]
[Signature]
[Contact Information]
Bank account closing letter format Sample #3
Application for Bank Account Closure
Name of the bank, Branch Name, Branch Address, Date of Letter To The Manager
Subject: Bank Account Closure
Greetings, Bank!
This letter is to notify you that my bank account number XXXX7852 at your bank will be closed.
This account will not be active for an extended length of time. I’ve chosen not to keep this account going.I’m going to the bank branch to return my debit/credit card, passbook, and checkbook.
Please refund my current amount by demand draft or transfer it to my new account as soon as possible.
Thank you very much.
Yours
Sincerely
Name:
XXXX7852 is the account number.
DD/MM/YEAR is the date format.
Bank account closing letter format Sample #4
Sample And Format Of A Bank Account Closing Letter
Addressed to: The Branch Manager, Bank Name, and City Date
Subject: Application to cancel a bank account
Greetings, Sir/Madame
Due to personal circumstances, I would want to cancel my savings account number – XXXX5623 with immediate effect.
As a result, I respectfully request that you terminate my account and give me the remaining sum in cash. I’m also returning to the bank my passbook, cheque book, debit and credit cards.
Please act quickly on my request, and I would appreciate it if you could cancel the account.
Thank you very much.
Yours
Faithfully,
[Your Full Name]
[Signature]
[Contact Information]
[Your Mailing Address]
Bank account closing letter format Sample #5
Name of the bank, branch name, branch address, and date
Subject: Request to close a bank account.
Respectfully, Sir or Madam,
I’ve had a savings account with your bank for the last four years, but due to unforeseen circumstances, I’m closing it immediately. I’d want to cancel my account and transfer the funds to a new one.
The following are the information for my savings account:
1. Account Holder Name –
2. Current Account Number –
3. New Account Number –
4. IFSC code –
5. Home Branch Name
Thank you very much.
Sincerely,
[Name]
[Signature]
Bank account closing letter format Sample Sample #6
Application Letter To The Manager To Close A Bank Account, Bank Name, Branch Name (Full postal address of the branch)
Closing of Savings / Current Bank Account (Date-Subject)
Greetings, Sir/Madame
I respectfully request that you consider me as a long-term account holder with (Account Holder Name) at your bank. I’d want to cancel my bank account for whatever reason. My bank account number is , and my ATM Card number is .
As a result, I respectfully request that you cancel my account and refund my unpaid balance to me. I shall be eternally thankful to you.
Your kind cooperation would be much appreciated in this respect.
Thank you very much.
Regards, Yours Truly,
Name-Address-
Mobile-
No-Email-
Address-
Bank account closing letter format Sample Sample #7
Account Closure Request to the Bank Manager
Subject: Application for Closure of Current Bank Account, To: The Bank Manager, Bank Name, Branch Address – Date
Greetings, Sir/Madame
In relation to the issue at hand, it is mentioned that I have two accounts with your bank, one of which I want to cancel.
XXXX4526 account number,
This account has been inactive since the last time I used it, and I no longer need it.
As a result, I request that you cancel my present account. Your assistance will be much appreciated in this respect.
I’m looking forward to hearing from you.
Sincerely,
[Name]
[Signature]
[Date] [Phone Number]
Bank account closing letter format Sample Sample #8
Format of a Closing Letter for a Bank Account
[Bank Name], [Branch Name & Address], [Date]
To:
The Branch Manager
Application to close a bank account with account number XXXX7856 as the subject
Greetings, Sir/Madame
With all due respect, I’d want to inform you that I have an account with your branch A/c No.__________, [include your bank account number]. Due to personal reasons, I am unable to keep this bank account at [Mention Your Branch Name].
This is a letter requesting that you cancel my savings account and refuse any further transaction requests. Along with my request letter, I am returning my passbook, Cheque book, and cards.
The following are the details of my bank account:
Account Number –
Current Balance –
Card Number – Account Holder Name
As a result, I respectfully request that you cancel my account and refund my unpaid amount to the account information shown below.
It would be much appreciated if you could take the necessary steps to begin the procedure as soon as feasible.
[Include the information for the bank account from which you wish to transfer the remaining funds from your previous bank account.]
Thank you.
Signature
Account Holder Name –
Bank Account Number
Sincerely,
[Your Name],
[Your Address],
and [Your Contact Information].
Bank account closing letter format Sample #9
To The Branch Manager, An Application For Closing A Bank Account,
The Branch’s Name,
and the Branch’s Address
Subject: Request for the pre-closure of a continuing recurring deposit (RD) account
Greetings, Sir/Madame
In your bank, my savings account number is XXXXX8536, and my RD account number is XXXX7854. I’m unable to continue the RD payment due to unforeseen circumstances.
So, please pre-close the RD account before the maturity date and transfer the remaining balance from the RD to my savings account.
Thank you very much.
Sincerely yours,
Signature
Name –
Phone Number –
Format of a bank account closure letter
[Name of the Bank],
[Branch Name],
[Branch Address],
[Date] Sample
Bank account closing letter format Sample #10
The letter is addressed to the bank manager, and it is for the purpose of terminating the account.
Greetings, Sir/Madame
With regard to my above-mentioned savings bank account number with your branch, I am ready to cancel my account since I am no longer in need of it and I regret not being able to continue.
Along with this bank account closure letter, I am giving over my passbook, unused check, and ATM card.
In addition, the following are the specifics of my account
Account Number –
Account Holder Name –
ATM Card Number –
Phone Number –
As a result, I respectfully request that you shut my stated bank account as soon as possible and give over the remaining amount to me.
It would be very helpful if you could take care of this.
Thank you very much.
Sincerely,
[Your Name],
[Your Address],
[Your Phone Number].
Bank account closing letter format Sample #11
To: The Branch Manager, State Bank of India, M.G. Road Branch Date: DD/MM/YYYY
Subject: Savings/Current Bank Account Closure (whichever is applicable)
Sir/Madam,
Please cancel my savings/current account (Account number _______________, CIF NO. _____________, IFS Code ____________) with your lender in the name of Mr. Yash Dubey, residence of 436 MG Road, Bengaluru 560001, which I have had in your branch for the last six years.
For a long time, I was unable to run the account, and I regret that I was unable to do so. This is also to tell you that, along with my application, I am surrendering my bank passbook, checkbook, and debit card. I am attaching a self-attested photocopy of my voter identification card as evidence of my identity.
As a result, I respectfully request that you conduct a bank transfer of my present balance of to my other account.
The account’s details are shown below.
Name of the bank:
Number of Account:
Thank you very much,
Sign your name
Bank account closing letter format Sample #12
To:
Kanakpuri Branch,
Branch Manager
DD/MM/YYYY
Sir/Madame, I’d want to close my savings/current bank account.
I respectfully request that you shut my savings/current bank account Number………………. since I am unable to manage it due to unforeseen circumstances.
Along with my application, I am surrendering my passbook, checkbook, and debit card No……………..
You have been requested to refund my balance through demand draft.
Thank you very much,
Sign your name
Bank account closing letter format Sample #13
To: State Bank of India, Park Street Branch, Branch Manager
DD/MM/YYYY
Subject: Savings/Current Bank Account Closure
Sir/Madam,
From the date of this application, I, the only holder, request that you terminate my account with you. The following are the specifics of my account.
Alternatively, we, the joint holder, request that our account with you be closed as of the date of this application. The following are the specifics of our account.
Name of the bank:
Account Number:
Thank you very much,
Sign your name
Bank Account Closing Letter Frequently Asked Questions
To whom should the bank account closure letter be addressed?
The bank account closure letter or application should be sent to the bank management.
What is the length of time it takes to cancel a bank account?
After the application is filed to the bank manager, it takes around three working days to terminate a bank account.
What should you include in a letter to cancel a bank account?
Write a letter to the bank manager, including the bank’s address and branch name. Begin the letter with a greeting (Sir/Madame) and the cause for the bank account closure. Request that the amount be transferred to your bank account. At the conclusion of the letter, include your name, account number, and signature.
To close a bank account, what papers are required?
A bank passbook and picture ID verification are required.
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