Bank Account Cancellation Letter

The Bank Account Cancellation Letter is required when you plan to close your account with a specific bank. So, why one needs to close an account? Sometimes people switch to other banks, because of better offers and services they receive. In the meantime, some people change their accounts, as their new company requires them to have a specific bank account. In such case, people do not want their old account to remain active. For that purpose, one has to write a Bank Account Cancellation Letter, which will let the bank officials know about your plans of closing the account.

In the first paragraph, you have to mention complete details about your account, so that the request can be processed easily and quickly. In the second paragraph, you can state the reason why you plan to close the account. In the last paragraph, you can ask the bank to provide you the remaining balance in your account.

Instructions

  • 1

    Sample Bank Account Cancellation Letter:


    Luke Donald
    Senior Executive
    ABC Company
    502 First Avenue
    Sunnyvale, CA
    January 8, 2013

    John Huh
    Manager
    ABC Bank
    701 Second Avenue
    Sunnyvale, CA

    Subject: Closing Bank Account.

    Dear John Huh,

    With reference to the abovementioned subject, I want to close my account that I have with your institution. I bear the account number 009200220022, with account title Luke Donald.

    I have no longer requirement of this account, as I have opened another account with another bank that is providing me suitable interest on my investments. In addition to that, I am also able to save some costs that I was paying to avail some services at your institution.

    Therefore, please send me the remaining balance at my address, along with any paperwork, if needed. Your assistance in this regard will be highly appreciated.

    Thanking you,
    Luke Donald

  • 2

    Template of Bank Account Cancellation Letter:


    [Applicant/Sender Name]
    [Applicant/Sender Designation]
    [Company Name]
    [Street Address 1]
    [Street Address 2]
    [Date]

    [Recipient Name]
    [Recipient Designation]
    [Company/Bank Name]
    [Street Address 1]
    [Street Address 2]

    Subject: [Subject of the article. In this case, Closing Bank Account]

    Dear [Recipient Name],

    Please take this letter as a formal request to close my account, with title [Title of account] and account number [Account number], which I have with your bank.

    It is to inform you that I have opened a new account with another bank, where I can get more benefits on my investments. Moreover, I am also receiving some services free of cost, for which, I was paying at your bank.

    Please send me the remaining balance in my account, to my mailing address. If you require any paperwork, please send the necessary documents as well.

    Your immediate response in this regard will be highly appreciated.

    Thanking you,
    [Sender Name]

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