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Contact Your Bank Many banks allow you to do this online, but it also could require a phone call to customer service or a visit to your local bank branch. Some banks may require you to fill out an account closure request form or submit a written request.
Dear Sir, I have a savings account in your bank from last five years and due to some reasons I need to close that account. I had a word with your accounts manager on Monday and he guided me that to initiate the process, I need to write a formal application letter addressing the bank manager.
To close a bank account on behalf of someone who has passed away, you must have legal authority to manage the account.
I am writing this letter to request you to close my (type of loan account) account bearing account number (Loan Account no.). The reason for closure is due to (reason for account closure loan tenure complete/EMI Complete/ Full Amount Paid/Any other reason).
The format of the bank account closing letter should include the below-given details:Addressing the Branch manager.Name and address of the bank.Date.Subject line.Salutation (Sir/Madam)Body of the letter.Thank you.Closing with yours Sincerely, truly, etc.More items...?
Generally, yes. In most circumstances, state law provides that anyone who can write checks on the account has the ability to close the account.
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.
Generally, the bank will not close a checking account that is in an overdraft status. Such an account will be kept open until it is brought current. Then, the account can be closed. Review your deposit account agreement for policies specific to your bank and account.
To close the account, call your bank, visit the bank in person, or write a letter to their offices. Your bank will have you sign an account closing form to make it official. If you don't withdraw the cash first, then your bank will send you a check when the account has closed.
Sample 1 Current Account Closing LetterSir, 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.