application letter for closing bank account and transfer money

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Request Letter to Close Current Bank Account – Sample Letter to Bank Requesting Closure of Current Bank Account and Transfer Funds

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• Sample Letter

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To, The Branch Manager, ______________ (Name of the Bank) ______________ (Address of the Branch)

Date: __/__/_____ (Date)

Subject: Request to close current bank account and transfer funds

Respected sir/madam,

With due respect, I would like to inform you that my name is ____________ (mention name) having a current account ____________ (account number) in your ____________ (location) branch.

I am writing this letter to request you to kindly close the above-mentioned current bank account bearing account number ____________ (account number) and transfer the funds to the account ______________ (mention the account number).

As per the requirements, I have already attached the necessary forms/self–attested documents/application/transfer cheque/other for the verification process. I request you to process my request at the earliest to avoid any further inconvenience. If you wish to contact me regarding the same, you can contact me at ______________ (contact details)

Thank you for your valuable time. I would be highly obliged if you can process my request at the earliest.

Regards, ______________ (Signature), ______________ (Your Name), ______________ (Account number), ______________ (Contact details)

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• Include necessary forms, self-attested documents, application for account closure, or transfer cheques as required by the bank.
• Provide accurate account details, complete required forms, and follow the bank's procedures for account closure and fund transfer.
• No, it's not mandatory, but you may mention it briefly if you wish.
• Clearly specify the account number you want to close and provide details of the account where you want the funds transferred.
• The processing time may vary, but banks usually aim to complete such requests within a reasonable timeframe, often within a few business days.

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By Rahul Sharma

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• Letter Writing
• Formal Letter Writing In English
• Application for Closing Bank Account

Application for Closing Bank Account - Letter Format with Sample Letters

Do you have a bank account that is not used or an account that you are not able to maintain? This article will give you the reasons why you should close your bank account. Sample account closing letters are also given for your better understanding.

Table of Letters

Why close a bank account, format of an account closing letter, sample 1 – current account closing letter, sample 2 – letter to bank manager for closing account, sample 3 – bank account closing letter.

• FAQs on Bank Account Closing Letter Format

The reasons to close a bank account can vary from person to person. Most common reasons include no proper response or service, fees being charged unnecessarily, c online services, etc. It can also be because you cannot maintain the account, need the money or simply that you would like to start a fresh account.

Sometimes, it happens otherwise too. The bank closes your account because your account remained inactive for a very long period of time, you have had zero balance over a period of time, you have too many bounced checks or overdrafts, you have been subjected to identity theft, etc.

How to Write a Letter to Close a Bank Account?

Every time you wish to open or close a bank account, you would be required to write a letter to the bank manager stating the reasons for the same. To help you with it, here are some sample letters.

The Branch Manager

Name of the Bank

Bank Address

Sir/ Ma’am,

Body of the letter

Thanking you

Yours faithfully,

Signature of the Account Holder

Name of the Account Holder

The Manager

South Indian Bank

Coimbatore- 641022

Subject: Request for closing current account

I am Sneha, and I hold a Current Account in your bank. I have not been able to maintain the account for a few months now due to some personal reasons, and so I would like to close the account. I am enclosing the account passbook along with this letter. Kindly do the needful and initiate the closing process as soon as possible.

Thanking you.

State Bank of India

Chennai – 600054

Subject: Request to close account

I hold an account with the account number 0305000002356032 at your bank. I have been transferred to Bangalore, and so I will have to close the account as I would not be able to access the account. Kindly clear all the transactions with this account and transfer the balance to another account (Account number: 0201000023642365 IFSC Code: SBIL0000201).

Thank you in advance.

Yours sincerely,

Thara Sudhan

Union Bank of India

Koramangala Branch

Bangalore – 600023.

25 th March, 2021

Subject: Closure of savings account

I am Rudhra, and I have a savings account with the account number 2312000023564932 at your branch. I am moving to Chennai for personal reasons, and so I would like to close my savings account and withdraw the amount. I request you to kindly do the needful and close my account at the earliest as I will be leaving next week.

I am enclosing herewith the bank passbook, the identification and address proof for your reference.

Rudhaprasad

Frequently Asked Questions on Bank Account Closing Letter Format

How do i write a letter to close my bank account.

You have to address the letter to the branch manager of the respective bank. Start with the correct address of the bank, subject, salutation, body of the letter stating the reason for the closure of the bank account, complimentary closing, signature and name. Make sure you provide the exact account number and other details necessary accurately.

How can I close my bank account permanently?

To close your bank account permanently, you have to visit the bank and enquire about the process of closing a bank account and then write a letter to the branch manager by providing the reasons for closing the account. Also, provide the required documents for proof and verification.

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Application for Closing Bank Account

Sometimes you have got to close your bank account for various reasons. You need to draft an application for closing bank account properly. Along with it, you need to attach a few important documents as well. This article let us learn how to write an application for closing bank account, the guidelines to be followed and a few sample letters to understand the topic in depth.

To close your bank account, you must write an application letter to the manager of your respective bank branch. Along with the application, you must also include/attach the documentation required to shut your account, such as a passbook, chequebook, ATM card (debit/credit), identity proof and so on. It is also important to mention the reason for closing your bank account.

A person’s bank account might be closed for a variety of reasons. Some common causes include difficulties maintaining several accounts, inadequate response or service, unnecessarily charged fees, personal or financial troubles, the death of a family member, an untrustworthy online service, or an inability to maintain a minimum balance.

Guidelines to follow before Closing your Bank Account

• It is critical to double-check your account balance before closing it.
• Check your balance and then write a cheque to withdraw your money.
• Before requesting closure, ensure that all of your transactions and bank-related operations have been completed.
• Using an ATM card may result in less than 500 remaining. Hence, use a cheque whenever emptying the money in your bank account.
• Deposit or destroy a blank chequebook and ATM card for security and personal reasons.
• Confirm that your account has been closed.

Format for Application for Closing Bank Account

The Branch manager

Bank Address

Subject: Application to Close Bank Account

Body of the letter: Mention the reason for closing the bank account, also mention the required bank details such as account number, member ID, passbook, identity proof, etc.

Complimentary Closing

Sender’s Name

Application for Closing Bank Account Samples

Sample 1 – letter for closing current account.

The Branch Manager

State Bank of India

SV Road Branch

12 th October 2022

Subject: Request for Closing Current Account

Respected Sir/Madam,

My name is Ramesh Pawar and I am holding a Current Account in your bank. I would like to close my account because I am having difficulties in maintaining multiple bank accounts. Along with this letter, I am submitting the account passbook and my identity confirmation. Please perform the necessary and begin the closing procedure as soon as feasible.

Thanking you.

Yours Sincerely,

Ramesh Pawar

(Attach original passbook and identity copy)

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Sample 2 – Letter for Closing Savings Account

Dhana Lakshmi Bank

MG Road Branch

18 th April 2022

Subject: Request for Closing Savings Account

Dear Sir/Madam,

My name is Rahul Tripathi and I have a savings bank account with you. XXXXXXXXXXXXXXX is my account number. I haven’t used my account in a long time and don’t need it right now.

As a result, I respectfully recommend that you close this bank account. I’ve attached all of the paperwork needed to close the bank account. If you can complete this in less time, I will be eternally thankful.

Yours truly,

Rahul Tripathi

Sample 3 – Letter for Closing Account Due to Excessive Charges

3 rd July 2022

Subject: Request for Closing my Bank Account

I’m requesting that you close my current account via this application since I’ve seen that unnecessary and excessive costs are being deducted from it over the past few days. Despite the fact that I have not engaged in any unusual transactions. My account information is as follows:

Account Holder’s Name:

Account No.:

Aadhar Card No.:

Registered Email:

Registered Mobile:

Along with my application, I will be returning my passbook, chequebook, and ATM cards. As a result, please accept my application and begin the process of terminating my account.

Kapil Dhuria

Sample 4 – Letter for Closing Account Due to Personal Reasons

Union Bank of India

Noida Branch

30 th September 2021

My name is Sakshi Malik, and I have a savings account at your branch with account number 1147693627569. Because I am relocating to Mumbai for personal reasons, I would like to liquidate my savings account and take the money. I would appreciate it if you could please terminate my account as soon as possible because I will be travelling next week.

For your convenience, I have enclosed the bank passbook, identity, and address evidence.

Yours faithfully,

Sakshi Malik

Frequently Asked Questions

Q1. What documentation is needed to close a bank account?

Answer. All account information, including account holder name, address, account number, associated mobile number, signature, original passbook and original chequebook (if issued). Your Identification Proof (Aadhar Card, Voter ID Card, Electricity Bill, etc.), Address Proof (Aadhar Card, Voter ID Card), and Debit Card / Credit Card are also required (if issued).

Q2. What is the average time it takes to close a bank account?

Answer. It is entirely dependent on your bank. Request that your bank manager performs this activity as soon as feasible. However, it just takes five to 10 days. However, in some government banks, this process can take up to two months.

Q3. Can a bank reinstate a previously closed account?

Answer. Yes, you can reopen a bank account that has been closed. However, whether you can reopen the bank account relies on the bank in specific situations.

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• Banking Basics

Letter to Close Bank Accounts

Other ways to close your account, tips for a successful account closure, the bottom line, frequently asked questions (faqs).

Sometimes an old-fashioned letter is the best way to get the job done. To close a bank account, you might be required to mail your request in a traditional letter or submit it in person at a bank branch. There's no need to wait on hold or in line, explain yourself to customer service, and hope that the account is closed expeditiously—you can just send the letter and be done with it.

Even if a letter isn’t required, using one creates a paper trail that may give you peace of mind, should any errors or complications arise.

Use the text below as a template and fill in the information between brackets as necessary. See the tips below the letter for more details and other easy ways to close an account.

Sample Account Closing Letter

[Today's Date]

To whom it may concern,

Please close the account(s) listed below. Please send any remaining funds in those accounts by check to the address below, and reject any further requests for transactions in these accounts.

Checking Account: [Account Number]

Savings Account: [Account Number]

Money Market Account: [Account Number]

Other Account: [Account Number]

Please provide written confirmation that the accounts are closed.

If you have any questions, please contact me at the phone number below.

[Account Owner's Original Signature]

[Account Owner’s Printed Name]

[Mailing Address]

[Phone Number]

There might be easier ways to close your account. If you don’t want to print, sign, and mail a letter, try a digital or more personal approach. In some cases, banks may prefer one of these methods over a letter. Check your bank's website to see what steps they recommend taking.

Submit an Online Request

Online banks allow you to transfer all of your funds out and request a closure online. It can be as easy as clicking “Close Account.” Other banks require you to write a request to customer service while you’re logged in to your account.

Call Customer Service

A quick phone call might also do the trick. If you’ve got a few minutes, just call customer service and ask to close your account.   Be prepared for a few attempts at keeping your business, which you can firmly (but politely) decline.

In many cases, submitting a written, online, or over-the-phone request is all you need to do to close an account. However, you can take extra steps to ensure the process goes as smoothly as possible. Before you finalize your account closure, review these optional steps and special scenarios.

Make Sure You're Done

Before closing your account, double-check to make sure there are no outstanding checks or automatic payments scheduled to hit your account. Change your direct deposit instructions to your new account, and wait to see that the update has taken place before you close an account.

Empty It Yourself

It is usually best to empty your bank account before you send the letter to close it. In most cases, transferring the funds yourself will get the money in your hands more quickly than if you wait for the bank to process your request.

There are several free and easy ways to send funds to yourself electronically, including basic bank-to-bank transfers . Apps and non-bank  services for sending money can also do the job.

If you do it yourself, you’ll know exactly when and where to expect the money. The alternative is to wait for a check in the mail (which you’ll have to deposit before you can withdraw and spend the money). Be careful not to empty your old account too soon if there are pending fees or charges. A fee or charge that you can't cover could complicate and delay the process.  

Be Direct, But Polite

To  close your bank account , you just need to make the request (whether it’s in writing or by clicking a button). The wording isn't the most important thing. It’s not necessary to instruct them to do it “promptly” or “immediately” because they will do it as soon as possible anyway.

Banks do not drag their feet on these things until somebody notices and applies pressure. Just make it easy for the person who opens your letter (tell them exactly what to do and where to send the money), and it’s more likely to get done quickly and accurately. If you have complaints about the bank or its services, send that feedback separately and wait until after your account is closed.

Download Statements or Transactions

Once you close your account, you may lose access to your account history. Someday, you may wish you had a record of an important transaction. Download several years’ worth of statements before you close your account—just in case. Alternatively, download your transactions into a software program that stores the information for you.

You May Need to Provide an Original Signature

You may be required to sign your letter with ink, rather than with an e-signature or stamp, depending on bank policy. If a bank asks for a written letter, a component of that requirement may include a real signature to authorize the account closure.

Use Wire Transfers or Cashier's Checks in Time-Sensitive Situations

If you  really  need the money to move immediately and be available for spending, send the money to your new account by wire transfer . Alternatively, get a cashier's check , which will cost a bit less and still provide "cleared" funds.

Changes of Address Can Delay the Process

If you’re closing the account because you’ve moved, be aware that bank policies typically only allow them to send funds to your address of record (the address they currently have on file at the bank). Address changes followed by check requests could potentially raise a red flag—they could worry an identity thief is attempting to steal your money. If the bank questions the legitimacy of the transfer, you may have to wait longer for your money, or you may have to do additional paperwork and  get your request notarized . 

Ask your bank what is required to mail a check to a new address (better yet, get the money out yourself, as described above).

If you use a credit union, you might not need to close your account just because you've moved. Many credit unions participate in shared branching, which allows you to  use a different credit union's branches (with thousands of locations available to you nationwide). You might eventually need an account at a local institution for more complex needs—or you might be just fine using your old account.

Use an App to Deposit the Check

If the bank sends a check for the leftover money in the closed account, you'll need to deposit that check somewhere—and many people these days hardly ever deal with paper checks. The easiest way to make that deposit is with your new bank's mobile app (if available).

Verify the Closure

Don’t just assume your instructions will be followed. Double-check by logging in to your account or calling the bank to ensure that your account is closed. Sometimes instructions get lost, or something needs to be done before you can close the account. If you’re not aware of problems that arise, you risk having inactivity charges or low balance fees charged to your account. They might not be your fault, but it’s easier to clean everything up while it’s fresh in your mind.

While not always required, using a hand-signed letter to request an account closure is an easy way to add an extra layer of financial protection. If any complications or errors occur during the process, you have handwritten and dated proof of key details like what exactly you requested, when you requested it, and where any remaining funds were supposed to go—just remember to keep a copy for yourself.

If the process does go awry at some point, make sure to reach out as soon as you notice the discrepancies. Be direct in your conversations with customer service, but don't burn bridges. Rude comments won't speed up the process, only clear communication will.

If you still have questions about the process, you can read more about what to do  before you change banks  or how to close a joint checking account .

Which bank has the highest interest rate on savings accounts?

Some of the banks with the highest interest rates on savings accounts include Sallie Mae Bank, Affirm, and ConnectOne.

How do you remove a bank account from Google Pay?

To delete a bank account from your Google Pay app , tap your photo, then tap "bank account," and select the account you want to delete. Tap the three dots to bring up the option to remove the bank account.

How do you transfer money to another bank account?

There are many ways to transfer money to another bank account. You can directly transfer the money to another account via ACH transfer . You can use a payment app like Venmo. You can use a money order or personal check. You can also withdraw the cash and physically bring it to your new bank, but that may be unnecessarily burdensome when so many digital options exist.

Key Takeaways

• An old-fashioned letter can be the most straightforward way to close a bank account because it helps ensure clear instructions and creates a reliable paper trail.
• Before closing an account, make sure all automatic transactions are updated, and consider manually transferring funds to avoid delays.
• Alternative methods such as online requests or phone calls can also be effective, but always verify the closure to avoid unexpected fees or issues.

Consumer Financial Protection Bureau (CFPB). " Can I Close My Account Whenever I Want? "

Capital One. " How to Close a Bank Account ."

Bank of America. " International Wire Transfers ."

Capital One. " What Is a Cashier's Check and How Do You Use It? "

CO-OP Financial Services. " Co-Op Shared Branch ."

How to Write a Letter to Close a Bank Account (Template Included!)

Closing a bank account can be a daunting task, especially when you're required to write a letter. Yes, banks can demand that, and you'll have to do it.

On the plus side, this little obligation can save you a lot of trouble. You won't have to wait in line at your local branch or talk to personal bankers. Your only concern will be writing the letter and submitting it either through email or at a bank branch—that depends on what they ask you to do. Another benefit of writing the letter is having a paper trail of your request to close your account, in case it erroneously stays active.

You're likely wondering, “How to write a bank account closure letter?” and “How should I format it?” In this article, we walk you through all the steps to writing and formatting the letter, including a sample and a template.

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Why write a letter for closing a bank account?

Writing a bank account termination letter is a traditional, straightforward way to close a bank account while avoiding staying on lines or talking to customer service. Some banks may offer other means to close accounts, such as calling or visiting a financial center, but some don't.

For instance, to close a transaction or savings account at Heritage Bank, clients are required to fill up a form with personal info (i.e. name, email, account number) and clear instructions on what to do with the account. If the account has multiple holders, all of them have to sign the document.

While this seems outdated, letters to close bank accounts are an effective way to guarantee an account is being closed—and that you really asked for it—as both you and the bank will have physical proof of your request.

How to write a bank account termination letter?

A bank account close letter is a simple and concise document. You don't need to say much besides your request for account termination. Here's a step by step guide on how to write it:

1. Address the letter

Like every letter, a bank account close letter starts with a salutation to the recipient. You can address the bank manager by name, if you know it, or use standard salutations, such as “Dear Bank Manager” or “To Whom It May Concern.” In other scenarios—such as sending a cover letter to a hiring manager—“To Whom It May Concern” can sound harsh, but in this specific case, it's acceptable.

2. State your request

This type of letter is very straight to the point, so your next step is stating your account termination request. Do it with a clear and concise sentence, such as “I'm writing to request the closure of my checking account with [bank name]” or “I would like to request my savings account closure.”

3. Give necessary information

The next step is providing all the necessary personal information the banker needs to fulfill your request. This includes your account number, your full name, mailing address and phone number, and the names of the other account holders, if any. Since procedures change between banks, you should check with your bank (over a call or their website), what personal information they need from you to close the account.

4. Add balance transfer request, if any

If you have any balance left and didn't transfer it to another account yet, you can request it to be done for you. In this case, you'll have to also provide the information of the other account, including the name of the bank, account number, branch location, and account name. Be sure to check on your bank website or give them a call to know what information should be included in the letter.

You can also request the bank to send you a written confirmation of the account termination. Generally, banks do inform clients that their account has been closed anyway, but it doesn't hurt to ask.

5. Close and sign the letter

Next, finish the letter with a formal closing. You can say something along the lines of “Thank you for your attention” and “Let me know if you need any more information,” and sign with your name and last name.

Before submitting your letter, take a few minutes to review the document and search for grammar mistakes or incorrect information. It's important that every personal data provided is correct so your request can be fulfilled promptly, and your remaining money gets sent to the right account (if applicable).

How to submit a bank account close letter?

As mentioned, some banks may accept a bank account termination letter via email. However, some banks might request that you send your request in writing and send it via mail—one example is Bank of America. In their FAQ , you can find the PO Box addresses for checking and savings accounts and for credit card accounts.

The Heritage Bank doesn't accept handwritten letters, but has a preformatted account closure form that clients download at their website , fill up, and submit at a local branch. To be certain you're doing the right procedure, remember to check your bank's website.

What's the bank account close letter format?

Bank account closing letters have a simple letter format you've probably seen multiple times in your life. It goes salutation, body, closing, and signature—in this exact order. There's no specific font type, size, or color to use, but considering it's a formal letter and a document, it's best to go with the basics: Sans Serif, Arial, or Tahoma in regular size and black.

One point of attention: if you need to submit your letter in writing, like Bank of America requests, you'll have to add your and the recipient's info on the envelope, like it's traditionally done. For example:

[Your Name]

[Your Address]

[City, State, Zip Code]

You may also want to add it at the top of your letter, including your email and phone number. Below, we added a sample and a template to illustrate how your letter should look like.

Closing bank account letter sample

123 Cool St.

Tampa, FL, 12345-1122

[email protected]

555-123-45678

July 12, 2024

To Whom It May Concern,

I, Anna Smith, am writing this letter to formally request the closure of my checking account with Bank of America. The details of my account follows:

Checking account: 12345

Account holder name: Anna Smith

Please ensure my remaining balance is issued to me in the form of a cashier's check. I'd also like to request that you please provide me with written confirmation that the account is closed.

Thank you for your prompt attention. Let me know if I need to provide any additional information.

Closing bank account template letter

[Your Email Address]

[Your Phone Number]

[Formal Salutation],

I, [Your Name], am writing this letter to formally request the closure of my [Account Type] with [Bank Name]. The details of my account follows:

[Account Type]: [Account Number]

Account holder name: [Your Name]

Please ensure my remaining balance is [Instructions]. I'd also like to request that you please provide me with written confirmation that the account is closed.

Extra tips to close your bank account

Before closing, or making a request to close, your bank account there are a couple of actions you should take to make this process as smooth as possible. Here's everything you need to do:

• Update automatic transactions: If you have automatic payments, deposits, and transfers linked to the account you're about to close, be sure to cancel or update it to the account you'll be using moving forward.
• Transfer funds: If you have funds left, transfer them to another account. You can also request the bank to do it for you, but since you don't know exactly when your request will be fulfilled, maybe you should do it yourself in case you need the money.
• Review account activity: Make sure there's no transaction pending or unknown activity. This is important to avoid late fees and sort out with the bank any potential issues with your account that you haven't seen before.
• Update contact information: After closing your account, the bank most likely will send you confirmation. To ensure you'll receive it, and any communication from the bank, update your contact information if it's out of date.
• Return bank items: If you have a card attached to your account, you may want to return it to the bank.

Finally, after you make the account closure request, continue to monitor your account to confirm everything went well with the updates made. If possible, keep records of the termination and any communications with the bank in case the account remains active and you need to file a complaint.

Application For Closing Bank Account – Letter Format & 15+ Samples

If you’re in need of some  Application For Closing Bank Account examples, or looking for Bank Account closing Letter Format?  then you’ve come to the right place!

This comprehensive guide offers everything you need to know about writing a bank account closure application letter, plus 15+ samples to help you get started.

So, lets get started..

Table of Contents

Application for closing bank account in english

To, The Bank Manager [Bank name] [Branch name] [Name of city/vill]

Date : day/month/year

Subject: Application to close bank account.

Respected sir/madam,

This is to draw your kind attention that I have been holding a savings account in your esteemed bank for many years. Due to some inevitable circumstances, I will not be able to continue with the current account.

My bank details are cited below: [Name]  [Account number] [IFSC Code] [Registered mobile number]

I therefore request you to close my current account and credit the money to me in cash at the earliest possible. Your promptness in this regard will be highly appreciated.

Thanking you

Yours faithfully [Signature] [Address with pin code]

Simple bank account closing application request letter

Subject : Letter requesting bank account closure.

I hold a savings account in your bank, __ (branch name) branch. My account number is __ (your account number) . I wish to close my account since I do not require it anymore. I am handing over my bank ATM card, cheque book and passbook along with this letter.

I therefore request you humbly to do the needful and close this savings account and hand over the remaining balance to me in cash. I will be ever grateful to you for this act of benevolence.

Yours sincerely [Signature] [Address with pincode] [Contact details]

Also Read: Application for bank statement for 6/3 months

Application for closing bank account due to death

Subject : Application for closing bank account due to death.

I am writing this letter with the intention to inform you that my father and I hold a joint account in your bank, __ (branch name) branch. With a heavy heart I wish to convey that my father Mr. Rajiv Verma has recently expired. I want you to close the savings account and transfer the money to my new account. 

Old bank account details:  [Name ] [Account number] [Account type] [IFSC code]

New bank account details :  [Name ] [Account number] [Account type] [IFSC code]

Kindly consider the matter and do the needful at the earliest possible for which I shall be grateful to you

Yours sincerely [Signature] [Phone no]

Application for closing current bank account

Date: day/month/year

Subject: Application for the closure of current bank account.

Respected sir/madam

With due respect and humble submission I seek to state to you that I am holding a current account in your reputed bank, __ (branch name) branch under the name __ (your name).

I am unable to operate this account anymore and I want you to close the account with immediate effect and hand the money to me in cash.

Kindly act with promptness in this regard for which I shall be very thankful to you.

Thanking you [Name] [Account number] [IFSC code] [Registered phone number] [Email id]

Application for closing bank account due to death of husband

Subject : Application for closing bank account due to death of husband

My husband Rakesh Singh has held a savings account in your esteemed bank since 2018.

Due to his demise very recently, I want you to close his account and credit the balance into my account.

The bank details are mentioned below [Name]  [Account number] [IFSC Code] [Registered mobile number]

I hope that you look into the matter earnestly and do the needful at the earliest possible.

I shall be grateful to you for this act of kindness.

Yours sincerely [Name] [Signature] [Address with pin code] [Contact number]

Indusind bank account closing letter format

To, The Bank Manager Indusland Bank [Branch name] [Name of city/vill]

Subject : Request letter for closing bank account.

I am Leela Jain, an account holder in your esteemed bank for a few years now. My account number is __ (your account number) . Due to some personal reasons I will not be able to carry on with the current account. Hence, I would like you to kindly close the account and hand me the balance in cash.

I therefore request you to do the needful as soon as possible. My convenience through your cooperation will be highly appreciated.

Yours sincerely  [Signature] [Contact details] [Address with pin code]

HDFC bank account closing letter format

To, The Bank Manager HDFC Bank [Branch name] [Name of city/vill]

Date :  day/month/year

Subject: Letter requesting the closure of bank account.

With reference to the subject cited above I wish to draw your kind attention to the fact that I am an account holder of your esteemed bank, __ (branch name) branch. Due to some issues I am unable to maintain the account. I urge you to kindly stop the transactions and close the bank account. Also please transfer the available balance to my new account.

Old bank account details: [Name ] [Account number] [IFSC code] [Registered mobile number]

New bank account  details [Name ] [Account number] [IFSC code]

The consideration of this letter at the earliest will be highly appreciated.

Yours faithfully [Signature] [Contact details]

Corporation bank account closing letter format

To, The Bank Manager Corporation Bank [Branch name] [Name of city/vill]

Subject: Request letter for bank account closure.

With due respect I would like to bring it into your notice that I am an account holder of your esteemed bank. My account number is __ (your account number) . 

Therefore you are humbly requested to kindly close my savings account and stop the transactions. Also I would like the account balance to be handed over to me in cash.

Your eagerness in this cause shall be highly appreciated.

Yours faithfully  [Signature] [Address with pin code] [Account number]

Application for closing bank account and transfer money to another account

Subject : Application for the closing of bank account.

With reference to the subject cited above I wish to state to you that I am an account holder of your esteemed bank. My account number is __( your account number). I am shifting permanently to another city and I wish to close my account as I have recently opened a new one in a different branch.Kindly close my account and transfer the available balance to my new account.  

New bank account details:  [Name ] [Account number] [Account type] [IFSC code]

I therefore request you to kindly look at the matter at the earliest possible and consider this as a matter of urgency. I shall always be grateful to you for your promptness in this regard.

Yours faithfully [signature] [Address with pin code]

Application for closing bank account in SBI 

To, The Bank Manager State Bank Of India [Branch name] [Name of city/vill]

Subject: Application letter requesting to close bank account.

My account number is ___ (your account number) .I have been holding a savings account in your esteemed bank for the last few years. Due to some inescapable circumstances, I am unable to operate the account. I request you to close the account and stop the transactions.

Your promptness in this matter will be highly appreciated.

Yours sincerely, [Signature] [Address with pin code] [Contact details]

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About the author.

Golam Md is the founder of Applicationloop.in, a blog that is exclusively dedicated to providing helpful tips, Samples and advice on writing effective application letters.

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How to Write a Letter to Close Bank Account: Examples Included

You can write a letter to close your bank account for many reasons. This can be from unnecessary charges, bad customer service, or others. 

In this article, we will discuss everything you need to know about writing letters to close your bank account and include samples on how to close a bank account. 

How to Close Your Bank Account

How to Write a Bank Authorization Letter: Tips, and Sample Letter Formats

How to Write a Letter to Close Bank Account

The format of the letter should be formal, and it should be addressed to the bank manager. You should state your reason clearly for deciding to close the bank account. Every detail connected to your bank account, such as account number, branch code, full name, signature, etc., should be mentioned or indicated in the letter. 

Heading: This will include your name, address, and that of the bank. This part should be written in the appropriate format:

Salutation: Move on to address the bank representative politely. 

Body: State your intention to close the account. Add the necessary details like your account number, the reason for closing the account, name, and code. 

Closing: Request confirmation that the account has been closed and input the closing salutations. 

Sending the Letter to Close Bank Account

Whether you are mailing the letter, sending an email, or making an in-person complaint in the customer service department, your delivery method should be mapped out. 

Following certain tips is advisable to ensure the letter is received and processed promptly. 

Bank Account Closing Letter Sample Format

Sample letter to close company bank account, authorization letter to close bank account, letter to bank manager for closing account, after the account is closed.

Shut the account down . After following the pre-account closure procedures, Send a closing letter to the bank management. Always remember to request a formulated report from your bank. Attach the bank passbook and a photo ID proof to the letter. 

Closing a bank account is quick and easy, especially if you follow the essential rules and tips.

With the help of the sample letters to close a bank account stated in the article, you can easily get to work with your complaints. Keep your letter professional, go straight to the point, and include all the vital information needed. Also, make sure to acknowledge all the provisions of your bank to make the account closure process much faster.

About The Author

Jim blessed, related posts, 9 tips you need to write and respond to emails professionally, 12 rules of writing emails professionally and effectively, how to write professional emails: 7 critical ingredients, 8 simple lessons for writing irresistible business to business emails.

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How to Write a Letter to Close Your Bank Account

• November 7, 2019

Although the number of people switching banks is steadily declining, sometimes it’s still necessary to close a bank account. According to a J.D. Power survey , only 4% of Americans changed banks in 2018, down from 8% in 2016, with dissatisfaction concerning problem resolution being the number one reason that people change banks. Moving, excessive fees , inconvenient branch or ATM locations, and issues with fraud are also common reasons customers opt to close their accounts .

When closing a bank account, it’s likely that your bank will require a written request to do so. They may provide a specific form or template to use, but if they don’t, you must write a letter. You don’t need to explain your reasons for closing the account. A simple letter that lists the specific account numbers and instructions for the remaining funds will suffice. By sending a bank account closing letter, you won’t have to wait on hold or have an awkward conversation with a representative trying to convince you to keep your account, and you’ll have a written record of your request.

Sample Bank Account Closing Letter

The following is a bank sample letter for closing an account you can copy/download and personalize.

[Your Name] [Your Address] [Your City, State, ZIP Code] [Bank Name] [Bank Address] [Bank City, State, ZIP Code] [Date]

RE: Account Closure Request

To Whom It May Concern: This is a formal request to close the following accounts (fill in account numbers as needed): Checking [Account Number] Savings [Account Number ] Money Market Account [Account Number] Other Account [Account Number] All automatic recurring transactions for these accounts have been canceled. Please send confirmation of the account closure and a check payable to me for the remaining balance(s) to the following address: [Address] [City, State, ZIP] If you have questions regarding this request, I can be reached at [Your phone number]. Thank you for your prompt attention to this matter. Sincerely, [Your Name] [Your Signature] [Co-Account Holder’s Name] (if necessary) [Co-Account Holder’s Signature]

Again, your letter should be simple and direct. You do not need to explain why you are closing the account, and if you have complaints, send a separate letter to customer service outlining the problems after the account is closed. Your letter should make it as easy as possible for the bank to close your account, and contain only the information necessary for that to happen.

Before mailing your letter, check with your bank to confirm the specific address where it needs to be sent. Some banks have dedicated addresses or P.O. Boxes for these requests. You may also be able to fax or mail the request to a local branch.

Other Ways to Close a Bank Account

A bank account closing letter isn’t the only way to close an account. Other options include:

Visiting the bank in person . Stop into a local branch and speak to a representative to close your account. You will likely be asked to sign an account closure document. This is a good time to withdraw the remaining balance from your account as well so you do not have to wait for the bank to mail you a check.

Online.  Some banks will allow you to close your account online. Depending on the bank it might be as simple as clicking a few buttons, while others may require a written request via a secure message system. With the online option , you can also request a transfer of the remaining balance to a different account.

Via  Phone.  Generally speaking, banks require account closure requests in writing, but you may be able to initiate the process over the phone. Depending on your bank, they may be able to send you paperwork to sign to close the account, or you may be directed to an online account management system.

Before closing your bank account, cancel any automatic withdrawals, such as automatic payments or transfers to other accounts. Failing to do so could lead to fees or penalties when transactions are declined. Also, don’t withdraw all of your money until all pending transactions have cleared. If you have direct deposit, confirm that your deposits are being sent to your new account before closing your old one, to avoid losing access to your money or other problems.

Make Sure Your Account Is Closed

After closing your account by mail, wait a few days before confirming that it’s been done. Logging in to your account or calling the bank is the easiest way to do this.

Even if you send clear instructions, there could be delays, or the bank could require additional information or steps before the account is officially closed. If you withdraw all of your money, you could incur low balance, account inactivity, or account maintenance fees even if you have closed the account, so double-checking that the account is actually closed is important. The bank will most likely send you a letter confirming the request to close the account; keep that letter with a copy of the letter you sent on file in the event that there are any questions or problems.

Also, before closing your account, download all of your statements so you maintain a record of all of your transactions. Once your account is closed, you may lose access to the information, and you may need details about specific transactions in the future.

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Bank Account Close Application Letters in English

To close your bank account you need to submit a request letter to the bank.  But before closing your bank account it is better to withdraw the entire amount and make the balance Zero. 

You can also request the bank to transfer the cash to another account of yours (or) you can also do it yourself if you have an internet banking facility (or) by using your debit card.

How to write a letter to close the bank account.

• Address the letter to the bank’s branch manager.
• Mention bank address.
• Start with a simple subject line like “Account closure application”.
• Write your name and account number in the first paragraph of the letter.
• Mention the reason to close the account
• Request for transfer of balance amount to another account (if needed)
• Provide details of the bank account where the balance must be transferred.
• Mention the documents enclosed with the letter.
• Finally, close the letter by saying thanks.

Here are some sample bank account closing racquet letter formats in English, which you can download in Word format as well.

1. Simple application to bank manager for closing the account

To The Bank Manager, Name of the Bank, Address.

Sub: Closing Account.

Respected Sir/Madam,

I am [your name], holder of a savings bank account in your bank with a/c no. XXXXXXXXXX. 

Due to some personal reasons, I would like to close my bank account with immediate effect.

Therefore please close my bank account as early as possible.

Thanking you.

Sincerely, Your name.

2. Normal savings bank account closing letter

Sub: Closure of savings bank account

My name is [your name] , holding a savings account in your bank with a/c no. XXXXXXXXXXX.

I am not using this account for a long time and I don’t need it anymore. So I decided to close this account permanently.

I am returning my passbook, cheque book, and debit card along with this letter.

Therefore please close my account as quickly as possible. 

Finally, thank you for providing your banking services for all these days.

Yours faithfully, Your name.

3. Current account closing letter

Sub: Current account closure request.

I am [your name] , have a current account in your bank with a/c no. XXXXXXXX. Due to personal issues, I no longer want to maintain this account and I want to close it.

I am enclosing the related passbook and cheque book along with this letter. 

And I request you to kindly close my current account as soon as possible.

Yours sincerely, Your name.

4. Bank account closing application after death

Sub: Account closure application after death.

I am [your name] , writing this with a painful heart to inform you that my father Mr……………. has recently passed away due to cardiac arrest. He has an account in your bank with a/c no XXXXXXXXXXX.

Hence he is no more, I want to close this account. Please find enclosed a copy of my father’s death certificate.

As a legal heir, I request you to please close the account and transfer the balance amount to my bank account given below.

Your name: Bank Name: A/c No: IFSC code:

I shall be grateful to you in this regard.

5. Application to close Joint bank account due to death

Sub: Request to close an account due to death.

My name is [your name] , a joint account holder of your bank with a/c no. XXXXXXX. This joint account was opened for me and my husband Mr. [person name] .

Unfortunately, my husband recently lost his life by accident. And I don’t need the joint account anymore.

Therefore I request you to close this account and transfer the remaining amount to my individual bank account mentioned below.

Your name: Bank name: A/C number: IFSC code:

I would be grateful to you.

6. Joint bank account close application

Sub: Joint account closure application.

We [account holder 1] and [account holder 2] are joint account holders of a/c no. XXXXXXXXX in your bank.

For personal reasons, we are closing our joint account. Please consider this letter as our mutual consent to close the account.

Hope you consider our request.

Joint account holder 1  (Name & Signature).

7. Application to close bank account & transfer money to another account

Sub: Account close application.

My name is [your name] , I want to close my savings account with a/c no. XXXXXXXXX. I’m moving to another city because of a job transfer, so I want to close this account.

Please close this account and transfer the balance to another account of mine, which has been mentioned below.

Name: A/c No: Bank name: IFSC code:

Regards, Your name.

8. Application to close the bank account with a negative balance

Sub: Account closure request.

My name is [your name] , the account holder of your bank with a/c no. XXXXXXXX. Initially, it was a salary account, but after I left the job, I stopped using that account.

For this reason, it was converted into a savings account and levied a penalty for not maintaining a minimum balance. At present, there is a negative balance of Rs………..

In my current financial situation, I cannot afford these charges. 

So I request you to please close that account without any burden to me.

I hope you consider my request.

9. Sample Bank Account Close Application

To The Bank Manager, Bank Name, Address.

Dear Sir/Madam,

I am [Your name],   have an account in your bank with a/c no. XXXXXXXX. But now I am closing it for personal reasons. So please close my bank account.

I hope you close my account as quickly as you can.

10. Bank account close application for multiple accounts in the same bank

To  The Bank Manager, Bank Name, Address.

Sub: Account closure application.

Ref: A/c no. 2540XXXXX20.

My name is [your name] , have two savings accounts in your bank with a/c nos. 3214XXXX65 and 2540XXXXX20 under the same CIF number 7514XXXX478.

I no longer need both accounts in the same bank, so I am closing one of my bank accounts with a/c no. 2540XXXX20.

So please close the above-mentioned account as early as possible. 

I shall be thankful to you.

11. Salary account close application

Sub: Request to close salary account.

I am [ your name] , holder of the salary account in your bank with a/c no 5412XXXX20. The account was created during my employment at [company name]. 

But now I’ve left the company and no salary will be credited to this account.

So I request you to please close my salary account of the above-mentioned account number. I have enclosed my cheque book and debit card with this letter.

Thanks in advance.

12. SBI account close application

To The Bank Manager, State Bank of India, Madhurawada, Visakhapatnam.

Respected Sir,

I am Ravi Padala , account holder of your bank with a/c no. 3210XXXX456 . Due to some personal reasons, I am closing my bank account.

I have withdrawn the entire balance amount and made the balance Nil.

Kindly close my bank account as soon as possible. 

Thanks for your banking services for all these days.

Sincerely, Ravi Padala.

13. HDFC bank account close application

To The Bank Manager, HDF Bank,  Dwaraka Nagar Branch, Visakhapatnam.

My name is Lavanya Jain , account holder of your bank with a/c no. 2745XXXX4130 . I am moving to a new city due to my job transfer and getting a new salary account with another bank.

I like your bank services, however, I don’t need multiple accounts. So I am closing this account.

I am returning my passbook, cheque book, and debit card with this letter.

So please close this account as early as you can.

Yours sincerely, Lavanya Jain.

Why you should close your bank account

There are several reasons to close a bank account:

• Multiple bank accounts
• Poor banking services
• Shifting to a new city
• Left the job
• Death of the account holder
• Heavy transactional charges
• Minimum balance problems etc…

Required things to close bank account

• Account closure application
• Unused cheque book leaflets
• Other required documents if any.

What happens if I don’t close my bank account?

If you don’t close and don’t maintain the minimum balance as well then your account will impose a negative balance.  You have to pay those charges unnecessarily.

And there are so many cases where unused bank accounts are leading to illegal transactions. So it is better to close it when you don’t need it.

Can I close my bank account online?

No, banks are not allowing account closures online.

How much time will it take to close the bank account?

It will take 2-3 working days to close a bank account from the date of request.

How do I know my bank account is closed?

You will receive a confirmation to your mobile number or email id. If you don’t receive any confirmation within 2-3 days then contact your ban’s customer care (or) directly visit the branch.

Can I reopen my closed bank account again?

No, you cannot reopen the same account which was closed earlier. But you can open a new account in the same bank.

Can banks close accounts automatically?

Yes, banks can close accounts automatically when they are not KYC compliance and are dormant for several years.

Recommended:

• Application for signature change in the bank.
• Sample authorization letters to claim the money in the bank.

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Word & Excel Templates

Printable word and excel templates.

Account Closing Letter to Bank

An account closing letter to the bank is a letter written by an account holder, in which he addresses the bank manager and requests for account closure. This letter is written to the bank manager of the specific branch an individual has an account in. A person may want to close his account for various reasons, such as:

• He wants to change and switch to another bank.
• He is shifting out of the country.
• He needs to cash all the money in the savings account, which cannot have a zero balance.
• He does not like the bank’s customer service or other services, or he does not trust the bank enough.

Whatever the reason is, it is important to inform the bank and go through all the account closing procedures. If an individual does not close his account properly, he may lose his money or may experience complications while enacting with the bank in the future.

As this account closing letter is a formal request by an account holder, this is kept in his record file for future references, hence smoothen any transactions, even in the future.

When an individual is writing this letter, he can simply write it from the scratch or if he is confused, he can use any template readily available online or in the programs, such as Microsoft Word.

These professionally developed templates are easy to use and customize as per the needs and requirements of the account holder as well as the bank. The format of the letter and the information included may vary but, generally, the following details are included in almost all the account closing letters:

• Details of the account holder.
• Details of the bank and the manager.
• A request for closing of the account.
• The reason if wants to be shared by the account holder.
• Indicate if the request needs to be acted upon immediately and request for it.
• Inform whether the remaining account balance needs to be received in cash or is to be transferred to another account.
• Salutation and signature.

Although, the account closing procedures may involve more than one step, writing this letter is, usually, the first step, as through this, the account holder informs and requests the bank for the account closure, which can then be followed by the other steps.

Sample Account Closing Letter to Bank

Subject: Closure of Savings Account number XX-XXXXXXX

Dear Sir/Madam (Manager),

I am writing this letter to request you for closing my savings account in [X] bank, YYY branch with immediate effect.

My account details are:

Name: John Smith Account number: XX-XXXXX

I am moving out of the country permanently, which is why I need to close my account and complete all the formalities before I leave. I would be highly grateful if you complete my request within a week and hand over all the balance money in my account as cash. I will be highly obliged.

Thank you in advance. Let me know if you need any other information.

John Smith.

For leaving company

You are requested to close my account number [X]. The mentioned account was my official company account. However, since I have resigned from my job last week, I will no longer be using it.

Kindly process my request and provide me confirmation upon the closing of the account.

Thank you for your service.

Not using the account

I am writing with reference to my savings account number [X] in your back. Since I moved abroad last year, the said account is no longer in my use. I, therefore, request you to close the inactive account.

Please transfer the balance amount to my new account. I have enclosed the account details.  I will return the unused checkbook and ATM card to the bank through the mail. Kindly let me know if I need to fulfill any other formalities.

I thank you in anticipation.

Poor services provided by the bank

I wish to close my account number [X] since I am disappointed with the bank’s service. I made a complaint earlier this week about an issue but did not receive a satisfying response from you. As a result, I have decided to dissociate myself from your bank by closing the mentioned account. 

I need a demand draft for my balance amount. Kindly mail the same to me on my address which is mentioned in your records.

I expect my request to be processed at the earliest. You may call me for any queries.

Sample Letters

Writing a Bank Transfer Request Letter (Free Templates)

In this guide, I’ll walk you through the essential steps to writing a compelling bank transfer request letter, share personal tips, and provide three unique templates for your use.

Key Takeaways

• Purpose of the Letter: Clearly state the reason for the transfer.
• Essential Information: Include account details, transfer amount, and beneficiary information.
• Professional Tone: Maintain a polite and formal tone throughout.
• Templates Provided: Three unique templates tailored for different situations.
• Real-Life Examples: Insights from my personal experience in writing effective letters.

Why a Well-Written Bank Transfer Request Letter Matters

A well-crafted bank transfer request letter ensures that all necessary information is communicated clearly, reducing the chances of errors or delays. In my experience, a precise and polite letter can expedite the process and build a positive relationship with your bank.

Essential Elements of a Bank Transfer Request Letter

Based on my extensive experience, here are the key components that every bank transfer request letter should include:

Your Contact Information:

• Phone Number
• Email Address
• The date when the letter is written.

Bank’s Contact Information:

• Bank Address

Subject Line:

• Clearly state the purpose of the letter, e.g., “Request for Bank Transfer.”

Salutation:

• Address the recipient formally, e.g., “Dear [Bank Manager’s Name],”

Body of the Letter:

• Introduction: Briefly introduce yourself and state the purpose of the letter.
• Details of the Request: Provide specific details such as account numbers, the amount to be transferred, and beneficiary details.
• Conclusion: Politely request prompt processing and express gratitude.
• Your handwritten signature (if submitting a hard copy) and your typed name.

Personal Tips for Writing an Effective Bank Transfer Request Letter

From my experience, here are some tips to make your bank transfer request letter more effective:

• Be Clear and Concise: Ensure your letter is straightforward and free of unnecessary information.
• Double-Check Details: Verify all account numbers and amounts to avoid errors.
• Professional Tone: Maintain a formal and polite tone throughout the letter.
• Follow Up: If you don’t receive a confirmation within a reasonable time, follow up with the bank.

Template 1: Domestic Bank Transfer Request

Subject: Request for Domestic Bank Transfer

Dear [Bank Manager’s Name],

I am writing to request a transfer of $[Amount] from my account [Your Account Number] to the account [Beneficiary Account Number] at [Beneficiary Bank Name].

Details of the transaction are as follows:

• Account Holder Name: [Your Name]
• Beneficiary Name: [Beneficiary Name]
• Amount: $[Amount]
• Beneficiary Bank Name: [Beneficiary Bank Name]
• Beneficiary Bank Address: [Beneficiary Bank Address]

Please process this transfer at your earliest convenience. Thank you for your assistance.

Sincerely, [Your Name]

Template 2: International Bank Transfer Request

Subject: Request for International Bank Transfer

I am writing to request an international transfer of $[Amount] from my account [Your Account Number] to the account [Beneficiary Account Number] at [Beneficiary Bank Name] in [Country].

• Beneficiary Account Number: [Beneficiary Account Number]
• SWIFT/BIC Code: [Beneficiary Bank SWIFT/BIC Code]

I appreciate your prompt attention to this matter. Please confirm once the transfer is completed.

Template 3: Business Account Bank Transfer Request

Subject: Business Account Transfer Request

I am writing to request a transfer of $[Amount] from our business account [Your Business Account Number] to the account [Beneficiary Account Number] at [Beneficiary Bank Name].

Transaction details:

• Account Holder Name: [Your Business Name]

Please process this transfer at your earliest convenience and confirm receipt of this request.

Thank you for your cooperation.

Sincerely, [Your Name] [Your Business Position]

Real-Life Example: How My Letter Avoided a Transfer Delay

A few months ago, I had to transfer a significant amount for a business deal. By meticulously including all necessary details and following up with a phone call, I ensured the transfer was completed without any delays. This experience reinforced the importance of clarity and thoroughness in these letters.

Common Mistakes to Avoid

• Incomplete Information: Always double-check that all required details are included.
• Informal Tone: Maintain professionalism to ensure your request is taken seriously.
• Failure to Follow Up: If you don’t receive confirmation, don’t hesitate to contact the bank.

Frequently Asked Questions (FAQs)

Q: what details should i include in a bank transfer request letter.

Answer: In my experience, it’s crucial to include the recipient’s bank details, your account information, and the exact amount to be transferred. Additionally, specifying the reason for the transfer and any relevant transaction references can help ensure a smooth process.

Q: How do I format a bank transfer request letter?

Answer: When I write a bank transfer request letter, I always start with my personal and account information, followed by the bank’s details, and then the specific transfer instructions. I make sure to end with my signature and a polite request for confirmation once the transfer is complete.

Q: Can I request a bank transfer online instead of writing a letter?

Answer: While online requests are convenient and I often use them for quick transfers, I sometimes prefer writing a formal letter for larger sums or international transactions. A written letter provides a documented trail and can be more reassuring in complex situations.

Q: How long does it typically take for a bank transfer to be processed after sending a request letter?

Answer: Based on my experience, domestic transfers usually take 1-3 business days, while international transfers can take up to a week or more. However, it’s always wise to confirm the expected timeline with your bank as processing times can vary.

Q: What should I do if there’s an error in my bank transfer request letter?

Answer: If I notice an error after sending the letter, I immediately contact my bank to correct the mistake before the transfer is processed. Prompt communication can help prevent any delays or complications with the transaction.

Q: Is there a fee for requesting a bank transfer via letter?

Answer: In my dealings, some banks may charge a fee for processing bank transfer requests, especially for international or large amounts. I always check with my bank beforehand to understand any potential costs involved.

Q: Can I cancel a bank transfer request after sending the letter?

Answer: Yes, cancellations are possible, but they need to be done quickly. From my experience, once the transfer is processed, it becomes more challenging to reverse, so I always act immediately if I need to cancel a request.

Q: Should I follow up after sending a bank transfer request letter?

Answer: I always follow up with a phone call or email to ensure my bank has received and is processing my request. This step provides peace of mind and allows me to address any issues promptly.

Application Letter for Closing Bank Account with Format and Samples

Table of Contents

Writing a bank account closing letter is a formal way to request your bank to close your account. It’s important to clearly state your account details, the reason for closing the account, and any specific instructions regarding the remaining balance. This letter should be concise yet complete, ensuring that all necessary information is provided to avoid any delays. It’s also a good practice to mention your contact information for any further communication needed during the process. Remember, a well-written bank account closing letter can make the account closing process smooth and efficient.

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How to Write Bank Account Closing Letter

Writing a bank account closing letter is simple. Follow these steps:

• Start with Your Details : Write your name, address, and the date at the top of the letter.
• Bank’s Details : Add the bank’s name and address.
• Subject Line : Clearly state the purpose of your letter, like “Request for Bank Account Closure.”
• Introduction : Begin by mentioning your account details (account number, account type).
• Request for Closure : Clearly state that you want to close your account.
• Reason for Closure : Briefly mention why you are closing the account (optional).
• Instructions for Remaining Balance : Provide instructions on what to do with any remaining balance in the account, like transferring it to another account.
• Contact Information : Include your phone number or email for contact.
• Closing : Politely end the letter with “Sincerely” or “Regards,” followed by your signature and printed name.
• Enclosures : If you are enclosing any documents (like chequebook, debit card), mention them.

How to Write Application Letter

Bank Account Closing Letter Format

This format is also suitable as bank account closing letter word format

(Your Full Name) (Your Address) (City, State, Zip Code) (Date)

(Bank’s Name) (Bank’s Address) (City, State, Zip Code)

Subject: Request for Closure of Bank Account

Dear [Bank Manager’s Name/Bank’s Name],

I am writing to request the closure of my bank account with your institution. My account details are as follows:

Account Name: [Your Full Name] Account Number: [Your Account Number] Type of Account: [Savings/Checking] I have decided to close this account for [briefly state reason, if comfortable doing so]. Please process the closure and transfer any remaining balance to my account at [Name of New Bank] with account number [New Account Number]. Alternatively, you may issue a check for the remaining balance payable to my name.

I have attached any bank-related items (like a chequebook or debit card) for your disposal. Please confirm the closure of my account through [your email address] or [your phone number].

Thank you for attending to this request promptly.

(Your Signature) (Your Name)

Letter to Editor Format

Bank Account Closing Letter Samples

Application for closing bank account letter.

Your Name Your Address City, State, Zip Date

Bank’s Name Bank’s Address City, State, Zip

Subject: Request for Bank Account Closure

Dear (Bank’s Name/Branch Manager),

I am writing to request the closure of my bank account with the account number (Your Account Number) at your branch. I have decided to close this account for personal reasons.

Please proceed with the closure of my bank account as soon as possible. If there are any funds remaining in the account, kindly (transfer them to another account or send me a check) as per my instructions.

(Optional: I have included all necessary documents with this letter.)

I would appreciate a confirmation of the account closure. For any further information or queries, please contact me at (Your Phone Number) or (Your Email Address).

Thank you for your assistance.

Also Check: Application for Bank Statement

Account Closing Letter for Bank

Subject: Request for Account Closure

I am writing to ask for the closing of my bank account with the number (Your Account Number) at your branch. I have decided to close this account (you can add your reason here if you want, like moving to a new place or having another account).

Please close my account soon. If there is any money left in the account, I would like it to be (sent to another account, given as a check, or however you prefer to receive the balance).

(If you have attached any documents, mention them here. For example, “I have attached my passbook and debit card for your reference.”)

Please let me know when my account is closed and send me any documents that confirm this. If you need more information, you can call me at (Your Phone Number) or email me at (Your Email Address).

Thank you for your help with this.

Yours sincerely,

Also Check: Application for Closing Bank Statement

Letter to Bank Manager for Closing Account

Bank Manager’s Name Bank’s Name Bank’s Address City, State, Zip

Dear (Bank Manager’s Name),

I am writing to request the closure of my bank account (Your Account Number) with (Bank’s Name).

I have decided to close this account for personal reasons. Please process this request at your earliest convenience. If there are any funds remaining in my account, kindly arrange to transfer them to my other account or issue a cheque for the same.

Please let me know if you need any further information or actions from my side to complete this process.

Also Check: Application for ATM Card

Bank Account Closing Letter in English

I am writing to request the closure of my bank account with the number (Your Account Number) at your branch. I have decided to close this account for personal reasons.

Please process the closure of my account promptly. If there are any funds remaining in the account, I would like them to be (choose one: transferred to another account, mailed to me as a check, or state another preference).

Please confirm the closure of my account and send me any relevant documents as confirmation. For any further information or clarification, you can reach me at (Your Phone Number) or (Your Email Address).

Thank you for your attention to this matter.

Also Check: Complaint Letter

Bank Account Closing Letter in Tamil

உங்கள் பெயர் உங்கள் முகவரி நகரம், மாநிலம், அஞ்சல் குறியீடு தேதி

வங்கியின் பெயர் வங்கியின் முகவரி நகரம், மாநிலம், அஞ்சல் குறியீடு

குறிப்பு: வங்கிக் கணக்கை மூடும் கோரிக்கை

அன்புள்ள (வங்கியின் பெயர்/மேலாளர்),

நான் எனது வங்கிக் கணக்கு (உங்கள் கணக்கு எண்) மூடுவதற்கான கோரிக்கையை இந்த கடிதத்தில் முன்வைக்கிறேன். இந்த கணக்கை மூடுவதற்கான காரணம் (உங்கள் காரணம், உதாரணமாக மாற்று இடத்திற்கு மாற்றம், பல கணக்குகள் இருப்பது போன்றவை).

எனது கணக்கில் மீதமுள்ள பணத்தை (மற்றொரு கணக்கிற்கு மாற்றுதல், செக் மூலம் அனுப்புதல் அல்லது உங்கள் விருப்பமான முறை) மூலம் கையாளுமாறு கேட்டுக் கொள்கிறேன்.

எனது கணக்கு மூடப்பட்டது குறித்து உறுதியாக்கும் ஆவணங்களை எனக்கு அனுப்புமாறும், மேலும் தகவல்கள் அல்லது விளக்கங்களுக்கு (உங்கள் தொலைபேசி எண்) அல்லது (உங்கள் மின்னஞ்சல் முகவரி) என்னை அணுகலாம்.

உங்கள் விரைவான கவனத்திற்கு நன்றி.

(உங்கள் கையொப்பம்) (உங்கள் பெயர்)

Bank Account Closing Letter Reason

When writing a bank account closing letter, it’s common to include a reason for the closure. However, it’s important to note that providing a reason is usually optional and depends on your comfort level and the bank’s policies.

• Relocation : If you’re moving to a new city or country where your current bank does not have branches.
• Found Better Services : Switching to another bank that offers better interest rates, lower fees, or more convenient services.
• Consolidating Accounts : Closing accounts to simplify finances, often when having multiple bank accounts.
• Dissatisfaction with Service : Experiencing poor customer service or frequent issues with the bank.
• Minimal Usage : The account is no longer in use or has become redundant.
• Financial Strategy Change : Changing financial plans or strategies, like investing in different financial instruments.
• High Fees or Charges : The bank may have high maintenance fees or other charges.
• Personal or Family Reasons : Personal financial situations like managing a family member’s estate.
• Business Closure : If it’s a business account and the business is closing down.
• Death of Account Holder : In the case of joint accounts, if one of the account holders has passed away.

Tips to Write Bank Account Closing Letter

When writing the reason for closing your bank account in your letter, consider these tips for clarity and effectiveness:

• Be Direct and Clear : State your reason for closing the account straightforwardly. There’s no need for lengthy explanations; a simple, clear statement is enough.
• Keep it Professional : While it’s important to be honest about your reason, maintain a professional tone. Avoid emotional or overly personal language.
• Optional Disclosure : Remember, providing a reason is often optional. Only include it if you’re comfortable or if the bank specifically asks for it.
• Common Reasons : Common reasons include relocating to a place without bank branches, finding better account options elsewhere, consolidating accounts, or dissatisfaction with services or fees.
• Be Polite : Even if you’re closing the account due to negative reasons, such as poor service, it’s important to remain courteous in your wording.
• Brief Explanation : If your reason is complex, like closing a business account, a brief explanation can be helpful but keep it concise.
• Future Correspondence : If you’re open to discussing the matter further or if you’re closing the account due to an unresolved issue, indicate your willingness to talk it over.
• Finality : Ensure that your wording doesn’t leave room for ambiguity. Make it clear that your decision to close the account is final.
• Personalize Appropriately : If you had a long-standing relationship with the bank, a brief mention of your positive experiences before stating your reason can be a thoughtful touch.
• Review and Proofread : Before sending, review your letter to ensure the reason is stated clearly and there are no errors. This helps maintain a professional impression.

FAQs on Bank Account Closing Letter

Is it necessary to close bank account.

It's not always necessary to close a bank account, but it's a good idea if you're not using it. This helps avoid fees or issues with unused accounts.

How many days I can close my bank account?

The time to close a bank account varies by bank. It usually takes a few days to a week, but it's best to check with your specific bank for their timeline.

How do I permanently close my bank account?

To permanently close your bank account, write a letter to your bank or visit a branch. Include your account details and request account closure.

How do I close my bank account notice?

For closing your bank account, give notice by writing a letter to your bank, stating your intention to close the account and providing necessary details.

How do you write a letter to close a bank account?

Write a formal letter to your bank. Include your account information, state your wish to close the account, and provide instructions for any remaining balance.

Can I close a bank account from home?

Yes, many banks allow you to close an account from home, either online, through an app, or by sending a closure request letter via mail.

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Sample letter for closure of bank account and transfer of funds

Sample letter for closure of bank account and transfer of funds  

To, The Branch Manager ----------------------------

(Bank Name)

(Address of branch)

Re. :   Request letter for closure of my saving/current bank account no. ____ and transfer of balance funds

Respected Sir,

With reference to the subject captioned above, I would like to inform you that I am having a saving/current bank account no. _____ with your branch in which current balance is Rs. _____ . Now as due to _________ (reason for closing bank account) I don’t want to continue with my above-referred saving/current bank account and want to close my this saving/current bank account. As required with this request letter I am returning to you checkbook, passbook and debit card linked to my this saving/current bank account.

This is also to inform you that the current balance in my saving/current bank account is Rs. ____ (amount in words), which I want to be transferred to my another saving/current bank account having the following details ;

1.      Name of account holder :

2.      Name and address of bank :

3.      Account Number :

4.      Type of account :

5.      IFSC Code :

For the verification of my identity and signature, I am enclosing herewith a self-attested photocopy of my ................ (name of identity proof such as pan card, voter id card, passport, driving license etc.).

I hereby request you to kindly close my above-referred savings/current bank account no ………………. and transfer the balance amount in my above-mentioned bank account.

I will be highly obliged if the necessary formalities for the closure of my bank account and transfer of the outstanding balance, are completed on an urgent basis.

Thanking you in advance.

Name & Signature of account holder

Account Number : IFS Code    :

Mobile No :

Note: This sample letter for the closure of bank account and transfer of funds is only for reference purposes kindly make necessary changes as per your requirement.

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Letters , Request Letters

Fund Transfer Request Letter: Format & Sample Letters

Funds transfer is a critical function in modern banking that allows individuals and businesses to move money efficiently from one account to another. To initiate this process, a formal fund transfer request letter must be submitted to the bank or financial institution where the account is held. This document serves as a formal authorization and instruction for the bank to process the transfer in accordance with the account holder’s wishes.

Writing a fund transfer request letter requires precision and attention to detail, as it typically includes specific information about the accounts involved, the amount to be transferred, and the date of the transfer. For many account holders, crafting such a letter can seem complex due to the financial and legal implications involved.

This article aims to demystify the process of writing a fund transfer request letter. It will outline the necessary steps to construct the letter effectively, ensuring that all the essential details are communicated clearly to facilitate a smooth transaction. Additionally, the article will include templates and sample letters to serve as a reference point, providing a practical framework that can be adapted to various fund transfer scenarios.

Fund Transfer Request Letter Templates

Fund Transfer Request Letter

A Fund Transfer Request Letter is a formal document submitted to a bank or financial institution to request the movement of funds from one account to another, either within the same institution or across different ones. The provided format covers all pertinent details needed for such a transaction, including sender's and beneficiary's account information, transfer amount, date, and purpose. With sample data included in brackets, it serves as an easy-to-fill guideline, ensuring users convey all essential information accurately, facilitating a smooth transaction process.

Sample Letter to Bank Requesting Transfer of Funds

A Sample Letter to Bank Requesting Transfer of Funds is a formal written document that a bank customer uses to request the bank to move a specific amount of money from one account to another, either within the same bank or to a different bank. The sample provided earlier offers a structured format, complete with fillable fields and sample data, to make the process of drafting such a letter straightforward for the user. By using this sample, users can efficiently communicate all necessary details to their bank, ensuring a smooth transaction.

How to Write a Fund Transfer Request Letter

A fund transfer request letter is a formal way of requesting the transfer of funds from one account to another, either within the same financial institution or across different banks. This document is important for the proper management of your finances and is necessary for record-keeping and legal compliance.

• Start with Bank Details: Begin the letter with your name, address, and contact information on the top left corner, followed by the date, and then the bank’s details. Address the letter to the specific person or department that handles transfers.
• Add a Subject Line: A clear subject line that states the purpose of the letter – “Request for Fund Transfer” – can help in the quick identification and processing of your request.
• Introduction: Start the body of the letter with a polite introduction, stating your account details and the reason for the transfer request.
• Specify the Transfer Details: Clearly mention the amount to be transferred, the account number and name of the recipient, and their bank details including the bank name, branch, and the recipient’s address if necessary. For international transfers, include the SWIFT or IBAN codes.
• Provide Additional Instructions: If the transfer has any special instructions, such as a recurring transfer or a deadline by which the transfer needs to be completed, specify them here.
• Justification for the Transfer (if applicable): Sometimes, especially for large amounts, a justification may be needed. Provide a brief explanation for the transfer.
• Attach Necessary Documents: Mention any documents you are attaching with your request that are necessary to process the transfer, such as transaction forms, identification proof, etc.
• Conclusion: Conclude the letter with a polite request to process the transfer at the earliest, thanking the recipient for their service.
• Signature: Sign off with your name and signature. If it is a company request, use the company’s official stamp and the authorized signature.

Letter Format

[Your Full Name] [Your Street Address] [City, State, Zip Code] [Email Address] [Optional] [Phone Number]

[Bank Manager’s Full Name] [Bank Manager’s Title] [Name of Bank] [Bank Branch Address] [City, State, Zip Code]

Subject: Request for Fund Transfer from Account No. 0000000 to Account No. 00000

Dear [Bank Manager’s Name],

I am writing to request a transfer of funds in the amount of USD 1,000 (One Thousand Dollars) from my current account with the account name “[Your Current Account Name]” and account number [Your Current Account Number], to my savings account with the account name “[Your Savings Account Name]” and account number [Your Savings Account Number].

Please find enclosed the completed and signed fund transfer forms required for this transaction. I have taken care to ensure that all the details are correct to facilitate a smooth transfer. These forms were downloaded from your official website and filled out in accordance with the bank’s guidelines.

Should there be any issues or if additional information is needed to process this request, please do not hesitate to contact me at [Your Phone Number]. I am available for any clarifications and hope to see the transfer completed by [desired date for transfer, if applicable].

I appreciate your prompt attention to this matter and trust that the bank will handle my request with the usual efficiency and confidentiality.

Thank you for your cooperation and assistance.

Yours sincerely,

[Signature (if submitting a hard copy)] [Your Printed Name]

Fund transfer letter to bank manager

Ava Emerson 123 Maple Street Gardentown, NY, 10001 [email protected] 555-010-1234

April 10, 2044

Mr. Ethan Montgomery Branch Manager Garden City Bank 456 Oak Avenue Gardentown, NY, 10002

Subject: Request for Account Closure and Fund Transfer

Dear Mr. Montgomery,

I am writing to request the closure of my current account with Garden City Bank under the name Ava Emerson, account number 987654321. Following the closure, I would like to have the remaining balance transferred to my savings account.

Please transfer the funds totaling USD 5,000 (Five Thousand Dollars) from the current account to my savings account held at the same institution, with the account number 123456789, registered under my name, Ava Emerson.

Enclosed, you will find all necessary documents, including the account closure form and the fund transfer request form, all signed and dated for your reference. I have also included a copy of my identification to facilitate the verification process.

For any questions or additional information, please do not hesitate to contact me via email at [email protected] or by phone at 555-010-1234. I am looking forward to a swift and smooth handling of this process.

Thank you for your cooperation and for providing me with your banking services. I expect that my request will be processed with the customary efficiency of Garden City Bank.

Warm regards,

[Ava Emerson] Ava Emerson

Fund transfer letter from one account to another

Maxwell Harper 789 Birch Lane Summerville, CA, 90210 [email protected] (555) 321-4321

November 18, 2044

Ms. Lila Kingston Branch Manager Summerville Banking Corp 1010 Willow Bend Drive Summerville, CA, 90211

Subject: Fund Transfer from Current to Savings Account

Dear Ms. Kingston,

I am writing to request a transfer of funds in the amount of USD 2,000 (Two Thousand Dollars) from my current account to my savings account. Details of both accounts are as follows:

From Current Account:

• Account Name: Maxwell Harper
• Account Number: 11223344

To Savings Account:

• Account Number: 55667788

Please process this transfer at your earliest convenience. Should you require any further information to complete this request, feel free to contact me at (555) 321-4321.

Enclosed with this letter are the duly signed fund transfer request forms as per your bank’s requirements.

Thank you for your prompt attention to this matter. I appreciate the banking services provided by Summerville Banking Corp and trust that this transaction will be handled with the usual efficiency.

Yours sincerely, Maxwell Harper

Letter of transfer of money to another person

Sophia Martins 2358 River Road Hillside, OR, 97123 [email protected] (503) 555-6789

Dear Sir/Madam,

I, Sophia Martins, with the savings account number 432156789 at Hillside Bank, would like to request a transfer of USD 1,000 (One Thousand Dollars) to Mr. Jonah Bennett, who holds the account number 987654321 at the same institution.

Please process this transfer with priority, and do not hesitate to contact me at (503) 555-6789 should you require further information or clarification regarding this transaction.

I kindly ask for this transfer to be completed by November 25, 2044. I will make a point to follow up on this request by that date if necessary.

Yours sincerely, Sophia Martins

Sample letter of direction to transfer funds

Elijah Thompson 1122 Cedar Avenue Springfield, IL, 62704 [email protected] (217) 555-0136

To whom it may concern,

I am writing to authorize a transfer of funds in the amount of Five Thousand Dollars (USD $5,000) from my savings account to another beneficiary. Please find the transfer details below:

• Account Holder: Elijah Thompson
• Savings Account Number: 75839402
• Beneficiary Name: Mrs. Nora K. Clarkson
• Account Number: 29405817
• Bank Name: Prairie State Banking & Trust

Your prompt attention and assistance in this matter are highly appreciated.

Yours sincerely, Elijah Thompson

While it’s not always required, including a brief reason for the transfer can be helpful, especially if the transfer is for a significant amount or if it’s going out of the ordinary transaction patterns in your account. This can prevent potential fraud alerts and delays.

If you don’t receive confirmation within the time frame specified by your bank, you should contact the bank directly. Keep the details of your request and any correspondence handy for reference.

If you need to cancel or change the request, contact the bank as soon as possible. You may need to follow up with a written notice or complete additional forms to authorize the cancellation or change.

Yes, international fund transfers typically require additional information, such as SWIFT codes, IBAN numbers, and recipient bank details. It’s important to include all the necessary international banking details to ensure the funds are properly routed.

A fund transfer request letter typically covers a single transaction. For recurring transfers, you may need to submit a separate form or set up the arrangement through your bank’s online banking platform, if available.

Wait times can vary depending on the bank’s processing time and the type of transfer. It’s reasonable to follow up if you haven’t received any acknowledgment or the funds have not been transferred within the bank’s stated time frame.

In summing up the essentials of drafting a fund transfer request letter, it is imperative to be succinct yet thorough in detailing the specifics of the transaction—identifying the accounts and parties involved, the exact sum, and any pertinent dates or conditions. Such letters serve as formal records of the request, hence accuracy is paramount. Additionally, providing contact details and attaching necessary documentation can expedite the process, ensuring the request is processed efficiently by the financial institution. Always retain a copy for personal records, underscoring the significance of meticulous financial documentation and communication.

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Sample Letter to Transfer Money to Another Bank Account: Free & Effective

In this article, I’ll share my insights and provide a step-by-step guide, including a customizable template , to help you craft a professional and efficient bank transfer request letter.

Key Takeaways:

• Understanding the Purpose: Learn why a bank transfer request letter is crucial.
• Components of the Letter: Breakdown of the essential elements to include.
• Step-by-Step Guide: A detailed guide to writing your letter.
• Template: A ready-to-use template to simplify your task.
• Real-Life Examples: Insights from personal experiences with such letters.
• Dos and Don’ts: Tips to enhance the effectiveness of your letter.

Understanding the Purpose of a Bank Transfer Request Letter

A bank transfer request letter is a formal request to your bank for transferring a specified amount of money from one account to another.

This could be within the same bank or to a different financial institution. It’s essential for maintaining a clear record of your financial transactions and ensuring that the transfer is done accurately and securely.

Real-Life Example: When I needed to transfer funds to my supplier overseas, a well-crafted transfer request letter facilitated a smooth transaction, avoiding any miscommunication or delays.

Components of a Bank Transfer Request Letter

Every effective bank transfer request letter should include:

• Your Details: Name, address, contact information.
• Account Details: Your account number and the type of account.
• Recipient’s Details: Recipient’s name, bank, account number, and branch.
• Amount: The exact amount to be transferred.
• Purpose: A brief explanation of the purpose of the transfer.
• Date: The date when you want the transfer to take place.
• Signatures: Your signature to validate the request.

Step-by-Step Guide to Writing Your Letter

Step 1: start with your personal information, trending now: find out why.

Begin the letter with your name, address, and contact details. Align this information to the left side of the page.

Step 2: Add the Date and Recipient’s Details

Place the date below your contact information, followed by the recipient’s name and address (in this case, the bank’s details).

Step 3: Subject Line

Clearly state the purpose of your letter in the subject line, e.g., “Request for Bank Transfer.”

Step 4: Body of the Letter

Start with a formal greeting. Then, clearly state your request, including your account details, the recipient’s bank details, and the amount to be transferred. Be concise and to the point.

Step 5: Closing the Letter

End with a formal closing, such as “Sincerely” or “Regards,” followed by your signature and printed name.

Template for Bank Transfer Request Letter

[Your Name] [Your Address] [City, State, Zip] [Email] [Phone Number] [Date]

[Bank Name] [Branch Address] [City, State, Zip]

Subject: Request for Bank Transfer

Dear [Bank Manager’s Name],

I am writing to request a transfer of [Amount in Words and Numbers] from my account [Your Account Number] to [Recipient’s Name] who holds an account [Recipient’s Account Number] at [Recipient’s Bank Name and Branch].

The purpose of this transfer is [Brief Explanation of the Transfer Reason]. I would appreciate if the transfer could be executed by [Desired Date for Transfer].

Please find attached any necessary documentation required for this transaction. Do not hesitate to contact me if you need further information or clarification.

Thank you for your prompt attention to this matter.

Sincerely, [Your Signature] [Your Printed Name]

Dos and Don’ts for Your Bank Transfer Request Letter

• Be Clear and Concise: Avoid any ambiguity in your instructions.
• Double-Check Details: Ensure all account numbers and names are correct.
• Include Relevant Documentation: Attach any necessary supporting documents.

Don’ts:

• Don’t Over-Explain: Keep the purpose brief.
• Avoid Informal Language: Maintain a formal and professional tone.
• Don’t Forget to Proofread: Errors can lead to misunderstandings or delays.

I hope this guide and template help you in writing an effective bank transfer request letter. Remember, a well-written letter can streamline your banking transactions and prevent misunderstandings.

Do you have any experiences or tips to share about writing bank transfer request letters? Share your thoughts in the comments below!

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Frequently Asked Questions (FAQs)

Q: How do I request a bank transfer?

Answer: In my experience, requesting a bank transfer is fairly straightforward. First, I usually contact my bank directly, either through their online banking platform or by visiting a branch. 

I provide the details of the account I wish to transfer funds to, including the account number, sort code, and recipient’s name. It’s essential to double-check these details to avoid any errors. 

Additionally, I specify the amount and the transfer date. Some banks might require a signed form or additional identification for security purposes, especially for large amounts.

Q: What information is necessary for a bank transfer request?

Answer: When I requested a bank transfer, I learned that certain key pieces of information are crucial. You need the recipient’s full name, their bank account number, and the bank’s routing number or SWIFT code if it’s an international transfer. 

Additionally, you should know the amount to be transferred and the currency if it’s going to a foreign account. Some banks also ask for the purpose of the transfer. Providing accurate and complete information ensures a smooth and error-free transaction.

Q: Can I cancel a bank transfer after requesting it?

Answer: Based on my experience, whether you can cancel a bank transfer depends on how quickly you act and your bank’s policies. Usually, if the transfer hasn’t been processed yet, you can request a cancellation. 

I’ve done this once by contacting my bank immediately after realizing I made a mistake. However, once the transfer is processed, it might be irreversible, especially for instant transfers. It’s always best to check with your bank as soon as possible if you need to cancel a transfer.

Q: How long does a bank transfer take?

Answer: The duration of a bank transfer can vary. In my case, domestic transfers usually take about one to three business days. 

However, international transfers can take longer, sometimes up to five business days or more, depending on the countries involved and the respective banks’ processing times. 

It’s also worth noting that transfers initiated on weekends or holidays might experience additional delays.

Q: Are there fees for bank transfer requests?

Answer: Yes, there can be fees for bank transfers, and they vary depending on the bank and the type of transfer. For domestic transfers, I’ve noticed some banks charge a nominal fee, while others offer it for free. 

For international transfers, the fees tend to be higher and might include currency conversion charges. It’s a good idea to check with your bank about the specific fees before initiating a transfer to avoid surprises.

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Thank you for this informative post! The template for the transfer letter was particularly helpful.

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How To Close A Bank Account

Fact Checked

Updated: Jun 2, 2022, 4:33pm

As your banking needs change, you may find yourself in a situation where you need to close a bank account. It could be that you’re moving and need to find a new bank or want to switch banks to take advantage of better interest rates. Whatever the reason, you’ll likely want to close your old bank account.

Closing a bank account isn’t complicated, but there are actions you can take to ensure the account is closed correctly—and all of your money accounted for. Follow these steps when closing a bank account.

Reasons for Closing a Bank Account

You don’t need a reason to close a bank account. However, there are numerous reasons you might want to. Here are some of the more common reasons to move on from your current account:

• You’re moving to a new city or state
• You can get better interest rates
• You’re switching to an online bank
• You qualify for a bank bonus offer
• You want to escape poor customer service
• You’re being charged expensive fees
• You can get better features and services elsewhere
• You’re opening a joint account
• You’re consolidating your bank accounts
• You’re switching from a child account to an adult account

Whatever the reason, consider the decision carefully to ensure you’re making the right moves for your financial situation.

How to Close a Bank Account

Closing a bank account involves more than contacting your bank. You’ll want to do some advance work to ensure a successful transition. The specifics for closing an account vary by bank and credit union. Be sure to check your banking institution for special requirements. Generally, follow the steps below.

1. Open a New Account

The first thing you need to do is open a new bank account. Having an account in place ensures you have a place to transfer direct deposits and payments or debits.

Many factors go into choosing a new bank, including savings rates , fees and account offerings. Whether you decide on a traditional brick-and-mortar bank or an online bank , ensure you’ve established your new account before moving forward.

2. Switch Your Existing Scheduled Payments and Deposits

If you have any direct deposits or automatic payments set up, move them to the new account. Check with your employer regarding any forms you need to fill out for direct deposit so your paycheck can be rerouted to the new account.

Do yourself a favor and make a list of your monthly recurring payments. This could include:

• Car payments
• Mortgage payments
• Insurance payments
• Student or personal loans
• Credit card payments
• Gym memberships
• Streaming services
• Utilities and other household bills

Having a list helps ensure you’ve canceled all of the payments attached to your old account, but you’ll also be prepared when you need to set them up for your new bank account.

3. Transfer Your Money

Before you move money out of your account, let outstanding transactions clear. Failure to do so could result in having to pay overdraft fees . If you still have money in the account after everything clears, withdraw the money or transfer it to your new account.

If your bank account has a minimum balance requirement, only transfer money out of the account when you’re ready to close it so that you’re not charged a monthly maintenance fee.

4. Contact Your Bank

Cancel your bank account. Many financial institutions allow you to do this online, but it could require a phone call to customer service or a visit to a local bank branch. Some banks and credit unions may require you to fill out an account closure request form or submit a written request. Follow your bank’s guidance on the proper contact method to start the closure process.

The bank will check your account to ensure it’s in good standing and that you’ve resolved any outstanding issues before it marks the account as closed. If there are any remaining funds in the account, you should be able to request a transfer to your new account or receive a check by mail.

5. If Required, Send a Letter to Close Your Bank Account

You can write a letter to your bank to close an account. To do so, you can use the template below or a similar format.

To whom it may concern,

Please close the following bank account(s):

• List account name and account number for each closing request

Please send a check for any remaining funds in those accounts to the address below. Please follow up with written confirmation to verify the previously mentioned accounts have been closed.

Please contact me if you have any questions.

Full name (Printed)

Mailing address

Phone number

6. Get Written Confirmation

Don’t assume that the account is closed. The Consumer Financial Protection Bureau recommends getting written confirmation when you close a bank account. This protects you if the bank doesn’t follow through or some issue arises.

How to Close Certain Types of Bank Accounts

Not all account closures are handled the same. Other scenarios may pop up that require extra steps to close a bank account. Here’s a look at a few examples that might require extra attention.

Joint Account

Your bank may require an account closure request with both account holders’ signatures if you’re closing a joint account. Many banks, however, only require one account holder’s authorization. Canceling a joint account online could require both parties to request an account closure.

Child’s Account

Some bank accounts are automatically converted into regular accounts when a child turns 18. If you’re of your state’s legal age to take complete control of your custodial account, you can close the account the same as any other bank account.

Inactive Account

If your account has been marked “Inactive,” you’ll need to reactivate it before it can be closed by the bank. Contact your bank’s customer service to reactivate your bank account. There might also be an option to do this through your online or mobile banking.

Overdrawn Account

Having an overdrawn account could prevent you from closing an account. You’ll need to get your account to a zero balance or higher before the bank will process your closure request.

Deceased Person’s Account

Closing the bank account of a loved one who has passed away can be more complicated than closing other accounts. How the account is handled depends mainly on how the deceased structured their finances, including whether they listed a beneficiary or had a will. Requirements and documentation may depend on state law. Your best bet is to seek legal counsel before proceeding.

Can You Close a Bank Account Online?

Many banks allow you to close an account online. It’s especially common among online banks. Some enable you to close an account via online messaging or email. Others offer chat features that let you close an account through customer support.

Contact your bank to figure out options. Ensure your account is in good standing and has a zero balance before you try to close it.

How Much Does It Cost to Close a Bank Account?

Typically, it doesn’t cost anything to close a checking, savings or money market account. Time-deposit accounts, such as certificates of deposit (CDs), may issue a penalty. Most banks and credit unions charge an early withdrawal penalty if you close a CD account before its maturity date.

How Long Does It Take to Close a Bank Account?

Closing a bank account can be a quick process, especially if you’ve already transferred funds from the account and accounted for any lingering transactions. If you’ve already withdrawn or transferred funds to another account, the closing process may only take a few minutes.

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Tips when closing a bank account.

If you’re planning on closing a bank account soon, here are a few extra tips that will benefit you in the long run:

• Open a new account first . Opening a new account ahead of time gives you a chance to transfer funds out of the old account. It also gives you a place to make transactions during the transition.
• Document everything . Closing a bank account should be smooth. But keep records of communication with bank staff and save communication from your bank.
• Destroy the remnants of your old account . Destroy any checkbooks or debit cards tied to your old account. This keeps them from getting lost, stolen or used accidentally.

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Bottom line.

If you need to close a bank account for any reason, you can speed up the process by following the steps above. Keep records of all transactions and correspondence with your bank to ensure that your account has been closed properly.

Frequently Asked Questions (FAQs)

Does closing a bank account hurt your credit.

Bank accounts are different from credit card accounts and aren’t part of your credit report. Closing a bank account doesn’t affect your credit score or history. Although financial institutions report account closures to ChexSystems , opting to close a bank account doesn’t impact your ChexSystems report.

How do you get money from a closed bank account?

If you close a bank account but still have funds in the account, you should receive a check from the bank for the remaining funds. If your local bank branch closes, you still have access to your account and funds at other bank branches or online. When a bank shuts down all of its operations, you can contact the FDIC directly to inquire about outstanding funds.

Can a bank close your account without notice?

Your bank account could be closed by your bank for many reasons, including inactivity or low usage. Banks aren’t required to give notice when they close an account. Consult your bank’s deposit account agreement for guidelines on when an account might be closed.

Can a closed bank account be reopened?

You can reopen a closed bank account in some instances, depending on your bank’s policies. If allowed, typically, you can do this by making a request either in person, by phone or online. If not, you can simply open a new account.

Can I close my bank account and open a new one with the same bank?

Yes, banks allow you to close one account and open another one. The process to close the old account is the same, although you’ll find your bank much happier to keep your business.

How long can my bank account be negative before it closes?

Typically, banks will keep accounts with negative balances open until they are brought up to a zero balance or higher. Bank policy dictates how accounts are handled. Your bank may close your bank account and report you to a debit bureau like ChexSystems, which could hurt your chances of opening another bank account.

How long do banks keep records of old accounts?

Banks are required to keep records of old checking and savings accounts for at least five years.

If my bank account is closed, what happens to my direct deposit?

If an employer sends direct deposit funds to a closed bank account, they are returned to the original sender. If this happens, contact the sender immediately with alternative account information so they can send the funds to a new account. You can avoid this by updating your direct deposit information with your employer.

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Kevin has been writing and creating personal finance and travel content for over six years. He is the founder of the award-winning blog, Family Money Adventure, and host of the Family Money Adventure Show podcast. He has been quoted by publications like Readers Digest and The Wall Street Journal. Kevin's work has been featured in Bankrate, Credible, CreditCards.com, Fox Money, LendingTree, MarketWatch, Newsweek, New York Post, Time, ValuePenguin and USA Today.

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• application for closing bank account

Application For Closing Bank Account: Check Documents Required, Letter Format And Samples

Jul 12 2023

Application For Closing Bank Account: The important details and samples for the application for closing a bank account are added in this application for closing bank account article. Do you hold a bank account that is either that you are unable to keep up or not used? For that, you want to close your bank account. That is not so much difficult to close the bank account. You can refer to this application for closing bank account article to know how to close a bank account simply. So for closing a bank account, all you need to do is to write a request letter to the bank manager by referring to this application for closing bank account post. So hereby referring to this application for closing bank account article and application for closing bank account format and samples, you will come to know how to close a bank account that is inactive or not able to maintain. We are provided detailed clarification about the format and samples for the application for Closing Bank Account in this application for closing bank account post. Those who want to close their bank account due to some reasons can utilize this application for closing bank account article to know the exact application for closing bank account format and application for closing bank account samples. 

Banking Awareness - Free PDF

Why Should Close A Bank Account?

In this application for closing bank account, we have added some of the reasons why should close a bank account. Different persons have different reasons and motives for closing a bank account. The most common reasons for closing a bank account are added in this application for closing bank account article. The most frequent reasons for closing bank account are inadequate service or response, excessive fees, use of online services, etc. And also other reasons can include you can’t keep up with the account or need the money, or just want to open a new account.

Closing the bank account has additional situations too. It can be the bank may slam your bank account because if it has been inactive for a very long time, if you maintained zero balance over a period of time, if you have too many bounced checks or overdrafts, or if you have been subjected to identity theft, etc. To know more information regarding the application for closing bank account, application for closing bank account format, and application for closing bank account samples, you can exploit this application for closing bank account post. 

Documents Required To Close A Bank Account

Here we have given the information regarding the documents required to close a bank account in this application for closing bank account article. You can go through this application for closing bank account post, to check the application for closing bank account format, application for closing bank account samples, and the documents needed to close a bank account. To terminate a bank account, you must give certain items to the bank that are highly needed. For example,

• Account Number in a bank.
• Name of the account holder.
• The account holder’s signature.
• Original bank account passbook.
• Paycheck Book (If Issue).
• An ATM Card (If Issue).
• Identify Evidence (Ex. Aadhar Card, Pan Card, Voter ID Card, Driving License).
• The Address Is (Ex. Aadhar Card, Voter ID Card)

If you have the above items in hand, you can be able to close a bank account without any queries in your local branch of the bank. As many banks impose “account closing costs.” for closing a bank account, you could also have to pay for it. 

Application For Closing Bank Account: Format of A Letter

You can check the format of a letter for the application for closing bank account in this application for closing bank account format article. You should submit this application for closing bank account format letter in the local branch of the bank while closing a bank account. The application for closing bank account format should be, 

The Branch Manager

Name of the Bank

Bank Address

Sir/ Ma’am,

Body of the letter

Thanking you

Yours faithfully,

Signature of the Account Holder

Name of the Account Holder

Application For Closing Bank Account Samples

We have provided some of the application for closing bank account samples in this application for closing bank account article. Those who need to close a bank account can refer to this application for closing bank account samples which is added in this application for closing bank account article. 

Application For Closing Bank Account: Sample 1

The Branch Manager, Bank Name, Branch Name, City.

Subject: Closing of Bank Account-A/C-XXXXXXX

Respected Sir/Madam,

With due respect, I Beg to say that I hold a savings account in your branch and I want to close this account due to some personal reasons with immediate effect. Details of the account are as under –

• Account Holder Name –
• Account No – XXXXXXXX
• IFSC code – XXXXXX
• Current Balance – Rs. XXXXX.XX

Kindly close my above-mentioned account and hand over the balance amount in cash. I will be thankful to you.

Yours Faithfully, [Name] [Signature] [Contact Details]

Application For Closing Bank Account: Sample 2

The Manager

State Bank of India

Chennai – 600054

Subject: Request to close the account

I hold an account with the account number 0305000002356777 at your bank. I have been transferred to Mumbai, so I will have to close the account as I would not be able to access the account. Kindly clear all the transactions with this account and transfer the balance to another account (Account number: 0201000023642365 IFSC Code: SBIL0000707).

Thank you in advance.

Yours sincerely,

Application For Closing Bank Account: Sample 3

To The Manager Name of the Bank Name of the Branch Address of the Branch

Sub: Application to close bank account

Dear Sir/Madam,

My bank’s savings account number is XXXXXXX. Now I am unable to maintain this account. Therefore, I respectfully ask that you to terminate the account and credit the money to my cash or debit card.

Thanking you,

Yours sincerely [Name] [Signature] [Date] [Mobile No] [Address]

Application For Closing Bank Account: Sample 4

To The Manager, Bank Name, Branch Name, (Full postal address of the branch) Date-

Subject- Closing of Savings / Current Bank Account

I humbly request that I have been an account holder with ______ (Account Holder Name) in your bank for some years. For some reason, I want to close my bank account. My account number is _____ (Bank Account Number) and my ATM number is ____ (ATM Number).

Therefore, you are requested to kindly close my account and return my outstanding amount to me. I will always be grateful to you. Your kind co-operation in this regard will be highly appreciated.

Thanking you.

Yours truly, Name- Address – Mobile No- Email ID-

Application For Closing Bank Account: Sample 5

Union Bank of India

Koramangala Branch

Bangalore – 600023.

25 th  March, 2021

Subject: Closure of savings account

Ma’am,

I am Rudhra, and I have a savings account with the account number 2312000023564932 at your branch. I am moving to Chennai for personal reasons, and so I would like to close my savings account and withdraw the amount. I request you to kindly do the needful and close my account at the earliest as I will be leaving next week.

I am enclosing herewith the bank passbook, the identification and address proof for your reference.

Rudhaprasad

Application For Closing Bank Account FAQs

Q. How to close my bank account?

A.  To close your bank account you have to submit the application for closing the bank account to the branch manager in the format mentioned above. 

Q. How much time the bank will take for closing a bank account ?

A. It entirely depends on your bank. You can request the bank manager to close your bank account as soon as possible. But it only takes 5 to 10 days at most.

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Bank Account Closing Letter | Format, Sample and How to Write a Bank Account Closing letter?

February 9, 2024 by Veerendra

Bank Account Closing Letter: To close the account in a bank it is necessary to write the official letter to the bank manager. The reason for closing the bank account should be mentioned in the letter very clearly. Also, all the details related to your bank account such as Account number, Branch code, Full name, etc., should be mentioned in the application letter.

If you are searching for the application for shutting financial balance letter OR are you looking for the best examples of ledger close application then you have gone to the opportune spot. To close a financial balance there is no hard cycle. It is a simple cycle.

Get Other Types of  Letter Writing  like Formal, Informal and Different Types of Letter Writing Samples.

Bank Account Closing Letter Format and Samples

You need to compose an application to the bank office administrator to close your record and you need to connect your checkbook, passbook and ATM card alongside this application. You can likewise move the financial balance to another branch without shutting it. For the most part, the bank will take around 5 to 10 days to close it.

If any application is composed without help from anyone else, at that point it is consistently a decent practice however because of the absence of time, It isn’t feasible for us to compose an expert application. In this way, just to save your time we have made a few examples of ledger shutting letters for you which will make your work simpler.

Probably the most widely recognized reasons that account holders generally close their ledgers, for example, individual reasons, moving to different nations, impolite bank representatives, untrustworthy financial frameworks, a high premium on credits or internet banking issues.

In this article, we are going to discuss how to write the bank account closing letter in a proper format. People who do not know how to write a closing letter, need not worry about it. Read the complete article here and get to know how to write such letters.

Bank Account Closing Letter Format

The format of the bank account closing letter should include the below-given details:

• Addressing the Branch manager
• Name and address of the bank
• Subject line
• Salutation (Sir/Madam)
• Body of the letter
• Closing with yours Sincerely, truly, etc.
• Name and Signature

Samples of Bank Account Closing Account

How to Write a Bank Account Closing letter?

You can read also Bank Statement Request Letter

Important Points to Remember

Check your bank balance: This is the most important venture prior to shutting your financial balance. Do you have a critical equilibrium in your record?

Transfer or withdraw the amount: You can think about moving the cash to another record or pulling out the cash. Moving electronically is the most issue-free methodology and takes not exactly a day ordinarily. Nonetheless, in certain conditions, you may consider pulling out it physically. This is a more conventional method of doing.

Close the account: After moving all your cash, you would now be able to compose an application letter to close your record. Remember to request a composed record from your bank.

Destroy your cards and Cheques: It is smarter to demolish your charge cards and checks at this stage. This will additionally help your security ensured. Frequently banks request to restore your charge cards and checks alongside your application letter. You can likewise adhere to the directions referenced in your client mindfulness booklet.

FAQ’s on Bank Account Closing Letter

Question 1. Whom should we write the bank account closing letter?

Answer: The bank account closing letter or application should be addressed to the bank manager.

Question 2. How much time does it take to close the bank account?

Answer: It takes around three working dates to close a bank account after the application is submitted to the bank manager.

Question 3. How to write a letter to close a bank account?

Answer: Write the letter to the bank manager, with the address and branch name of the bank. Start the letter with a salutation (Sir/Madam) and mention the reason for closing the bank account. Request to transfer the balance to the bank account. Mention your name, account number, signature at the end of the letter.

Question 4. What documents are required to close a bank account?

Answer: Bank passbook and a photo ID proof.

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