Letter to Close Bank Account

The Letter to Close a Bank Account is a simple document that a bank customer uses to notify their bank about their intention to close their account. A bank customer is someone who holds an account with a bank.

Under the law, a bank customer can close their bank account anytime. This decision may arise from different factors, including relocating to a new area, dissatisfaction with the current bank's services, or streamlining their accounts.

Each bank has different rules regarding account closures. Some banks might have a specific form the bank customer is required to submit to close their account, while some require customers to write a letter. However, the form included with this document is a general-purpose document that can be used whenever a bank customer has to send a letter to close their account.

How to use this document

This is a simple document that requires vital information about the account holder/customer who is making this request. This document requires information such as the name and address of the bank holder, the account number, the type of the account (whether it is a savings, current, or domiciliary account), and a specific instruction to close the customer's account.

After completing this document, it should be printed and signed by the account holder. After signing, the account holder should send this document to a bank staff. The banking staff will then process the account closure. The customer sending this document can keep a copy for their record.

Note: Some banks have a special procedure for requesting an account closure, as some banks may provide their official form for account closure, and others may accept a letter. Therefore, the account holder should check with their specific bank about the appropriate format for this type of request.

The closure of a bank account typically occurs within a few hours of submitting the request. In some cases, the process may take up to 24 hours at most.

Applicable law

The Banks and Other Financial Institutions Act applies to this document.

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.