When a client or account holder no longer wants to operate an account or simply wants to close the account for any reason, he needs to write a formal request letter to the bank authorities and request them to close his account(s) that he may mention in the content of the letter or attach the account details with the letter.
Brief description of request letter to close an account:
For most of us, when we open an account in a bank, it’s only a one time deal and we usually wish to operate and keep the account for a long time. On the other hand, even if a person doesn’t want to hold an account for a long time, he might do that in order to avoid really long process and paper work of opening new accounts every now and then. But, for companies and organizations, opening and closing bank accounts is not a big deal. Individuals aren’t affected that bad when a bank changes policies or increases the charges for holding accounts and lockers but for companies that keep millions of dollars in their bank accounts, it is a big deal to close the account when charges are changed by the bank without concerning the clients and customers.
There are many scenarios where an account holder finds it more convenient and easy to close an existing account and open a new account in another bank than requesting the bank to review their policies or negotiate the terms and conditions. Also it is possible that an account holder is moving to another city or country where the same bank doesn’t have any branches so the account holder closes the existing accounts and opens a new one in the bank which is located near his new residence. In this scenario, he needs to write a formal letter to the bank authorities to close his bank account. This process can take a few days depending on the type of account and amount of money in the account so if you want to close you account, you need to write this letter at least 1 week before you actually want your account closed.
Sample request letter to close an account:
To: senior manager
Standard Chartered bank, main branch
New York NY 35094
Subject: account closing
Date: 12 April 2015
I am holding a savings account in your bank for more than 3 years and due to some reasons, now I need you to close the account and clear my payments. I talked to your accounts manager yesterday and he told me that I need to write a formal application letter to the bank manager in order to close my account so here I am sending you the request letter. I need the money in my account on urgent basis so it will be very convenient for me if you can start the process and close the account within 24 hours or less.
Account number: 09-95827-090132-58716-091