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

application letter for closing current bank account

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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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  • 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.

Application for Closing Bank Account

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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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 a 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 (“[“ and “]”) 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 higher-tech 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 in order 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 closing 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.

BBVA. " Closing a Checking Account ."

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

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

First National Bank of Moose Lake. " Account Closing Letter ."

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 ."

application letter for closing current bank account

application letter for closing current bank account

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

Letter to Close Bank Account

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

Whatever the motive, it’s important to follow the right procedures when closing a bank account. This would create an understanding of the crisis in the bank manager’s mind or whoever opens the letter. 

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

  • Contacting the bank’s customer service department: Before diving headfirst into the account closure. It’s important to contact the customer service department. You need to be well versed in the bank’s operations as this may differ from bank to bank. Remember to be polite and friendly. Waiting can be exhausting, but it will be worth it when the results come out favorable. 
  • Reviewing the bank’s website for information about closing accounts: Most banks have websites that cater to problems like closing an account. Bank-related issues are sensitive since they are related to money. It’s important to understand how your bank handles situations like this. Bank policies differ from bank to bank. There’s always a FAQ page on most websites. If you can’t reach customer service, you may find information about closing an account there.
  • Checking the account agreement for specific procedures or fees: It’s important to clear your account before making any move to close it. Although before you move the money out of your account, clear the outstanding transactions to avoid the payment of overdraft fees. If there’s still money in the account after the transactions are cleared, withdraw it or transfer it to another 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. 

Below are the preferred layout for the closing account 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. 

  • Clean your bank account before you send the letter to close it.
  • Before you close your account, it’s important to ensure no automated payments are scheduled to hit your account.
  • Get your account statement and original signature. 
  • Be thoughtful and civil. 
  • Get a written confirmation, and don’t assume the account is closed just because you sent a mail or filed a complaint. 

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.

Remember to follow the necessities to enhance the smooth closure of your account. 

Confirm your bank balance . It’s the most important task before your bank transactions shut. 

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. 

Destroy your cards and Cheques . It is a smart move to destroy your cards and checks. This will also help your security guarantee. Some banks request to reclaim your cards and checks alongside your application letter. Depending on the bank, you should adhere to the directions referenced in the bank’s website or customer service hearsay.

Following up to confirm the account closure and ensure no further charges are incurred is important. It normally takes around three to five working dates to close a bank account after the letter or complaint has been tendered to the bank. 

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

Naturally, it doesn’t cost anything to close an account, be it a current, savings, or money market account. If you need to close a bank account, you can speed up the process by following the steps above. Make sure to keep all the records of your transactions with your bank to guarantee that your account will be closed properly.

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

application letter for closing current bank account

Jim Blessed

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Application for Closing Bank Account – Format

Application for Closing Account - Format

Do you hold a bank account that is either inactive or that you are unable to keep up with? It’s not complicated to close your account; all you need to do is write the manager a request letter. For your convenience and comprehension, we are providing the format for the application for Closing Bank Account.

SPOKEN ENGLISH EBOOK FREE

Why should I Close a Bank Account?

Different people may have different motives for closing a bank account. The most frequent causes include inadequate service or response, excessive fees, use of online services, etc. Other reasons can be that you can’t keep up with the account or need the money, or just want to open a new account.

Another situation can be that the bank may shut your account if it has been dormant for a very long time, if it has had zero balance for an extended length of time if there have been too many bounced checks or overdrafts, or if identity theft has occurred, etc.

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What Documents will you Require to Close a Bank Account?

To terminate a bank account, you must provide certain items to the bank that are highly significant. For instance,

  • 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)

With the aforementioned items in hand, you should be able to shut your bank account without incident if you visit your local branch of the bank. You could have to pay it, though, as many banks may impose “account closing costs.”

Format of a Letter in order to Close a Bank Account

You must submit a letter to the bank manager each time you want to open or close a bank account outlining your motives. Here are some sample letters to assist you.

Format of an Account Closing Letter

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

  • Account Holder’s Name: [Your Full Name]
  • Account Number: [Your Account Number]
  • Account Type: [Savings/Current/Other]

I would like to request a written confirmation of the account closure once the process is completed. Kindly provide me with an official statement stating that the account has been closed, along with a zero balance verification. Should you require any further information or documentation from my end to expedite the account closure process, please do not hesitate to contact me via the contact details provided below.

Thank you for your attention to this matter. I look forward to your prompt action and the closure of my bank account. I appreciate your cooperation throughout this process.

Yours Sincerely.

Sample 2: Simple Bank Account Close Application Letter

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. I’m now unable to keep this account going. Therefore, I respectfully ask that you terminate the account and credit the money to my cash or debit card.

Thanking you,

Sample 3 – Bank Account Close Application

To The Bank 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.

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Sample 4 – Bank Account Close Application Letter

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-

Sample 5 – Application For Closing Bank Account

To The Branch Manager, Name of the Branch, Address of the Branch (example: Bigoram, Kolkata, 700386)

Subject: Request for pre-closing ongoing recurring deposit (RD) account

My savings account no. is XXXXXXXXXX and RD account no. is XXXXXXXXXX in your bank. Due to some unavoidable reasons, I’m not able to continue the RD payment.

So you are requested kindly to pre-close the RD account before the maturity period and deposit the so far amount from RD to my savings account.

Yours sincerely, Signature – Name – Mobile No –

FAQs on Application For Closing Bank Account Letter

Question 1 – Is it required to write a letter to close a bank account?

Answer: Writing a letter to the manager and asking him to permanently shut your account is a simple and safe method.

Question 2 – How long is the time frame for closing a bank account?

Answer: It entirely depends on your bank, to be honest. You can ask the bank manager to finish this task as quickly as feasible. But it only takes five to 10 days at most.

Question 3: Can a bank account be closed online?

Answer: Either yes, no, or both are acceptable answers to this question. Due to the fact that some banks in India allow you to close your bank account online while others do not.

Bank account closure is much simpler than you would imagine. You can attempt to develop your own application using the aforementioned examples as a guide.

application letter for closing current bank account

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Pouring out my thoughts through words!

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application letter for closing current bank account

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RequestLetters

Sample Letter to Close Current Bank Account and Transfer Funds

I’ll share my personal experiences and tips to help you navigate this process effortlessly. Plus, there’s a handy template at the end to get you started!

Key Takeaways

  • Understand the Requirements: Different banks may have varying procedures, so it’s crucial to understand your bank’s specific requirements for closing an account.
  • Clear Outstanding Dues: Ensure all checks have cleared and there are no pending transactions.
  • Transfer Funds: Decide how you want to transfer the remaining balance and mention it in your letter.
  • Provide Necessary Details: Include all essential information like account number, transfer details, and personal identification.
  • Follow Up: Keep a copy of your letter and follow up with the bank to ensure the closure and transfer are completed.

Step-by-Step Guide to Writing Your Letter

Step 1: gather information.

Before drafting your letter, gather all necessary information, including your account details, the new account details for the fund transfer, and any specific forms required by your bank.

Step 2: Start with Your Details

Begin your letter by mentioning your name, address, phone number, and the date. This should be at the top left corner of the letter.

Step 3: Address the Letter

Address the letter to the appropriate department or individual, such as “To The Manager, [Bank Name], [Branch Address].”

Step 4: State Your Purpose

Clearly state the purpose of your letter. For example, “I am writing this letter to request the closure of my current account (account number) and the transfer of the remaining balance to my new account (provide new account details).”

Step 5: Mention the Details

Trending now: find out why.

Include all relevant account details, ensuring there are no discrepancies. If you have any specific instructions for the fund transfer, mention them clearly.

Step 6: Attach Identification

Attach a copy of your identification to verify your request. Mention this in your letter to avoid any processing delays.

Step 7: Close the Letter

Conclude by thanking the bank for their assistance. Provide your contact information for any further communication.

Step 8: Sign the Letter

Sign the letter to authenticate it. If you’re sending it digitally, ensure you have a digital signature or a scanned copy of your handwritten signature.

Personal Tips from Experience

  • Visit the Branch: If possible, personally visiting the bank can expedite the process and allow you to address any immediate concerns.
  • Check for Charges: Be aware of any potential charges associated with closing your account or transferring funds.
  • Get Confirmation: Request a written or email confirmation of the account closure and fund transfer for your records.

Template for Your Letter

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

To The Manager, [Bank Name] [Branch Address] [City, State, Zip Code]

Subject: Request to Close Current Bank Account and Transfer Funds

Dear [Manager’s Name],

I am writing to request the closure of my current account, number [Your Account Number], held at your branch. Please transfer the remaining balance to my new account, number [New Account Number], at [New Bank Name], [Branch Address].

Please find attached a copy of my identification [Specify the ID – e.g., Driver’s License, Passport] to verify my request. I have cleared all outstanding checks and payments as of [Date].

I would appreciate your prompt attention to this matter. Please confirm the closure and transfer details via [Your Preferred Contact Method – email, phone, etc.].

Thank you for your assistance.

Sincerely, [Your Signature] [Your Printed Name]

Conclusion and Comment Request

Closing your bank account and transferring funds is a significant financial step. By following these guidelines and utilizing the provided template, you can ensure a seamless process. Remember, each bank has its nuances, so adapt your letter accordingly.

I’d love to hear about your experiences with closing a bank account or if you have additional tips to share. Leave a comment below and let’s discuss!

Frequently Asked Questions (FAQs)

Q: what is a letter to close bank account and transfer money.

Answer : A letter to close bank account and transfer money is a formal written request sent by a bank account holder to their financial institution, notifying them of their intention to close the account and transfer the remaining funds to another bank account.

Q: Why would someone need to write a letter to close their bank account and transfer money?

Answer : There are several reasons why someone might need to write such a letter. It could be due to switching to a different bank or financial institution, relocating to a different country or region, dissatisfaction with the current bank’s services, or simply consolidating their finances into a single account.

Q: What information should be included in a letter to close a bank account and transfer money?

Answer : When writing a letter to close a bank account and transfer money, it is important to include the following information:

  • Your full name and address.
  • The account number of the bank account you wish to close.
  • The current balance of the account.
  • The name of the bank or financial institution where you want the funds to be transferred.
  • The account number of the receiving bank account.
  • Your signature and the date.

Q: How should the letter be structured?

Answer : The letter should follow a formal business letter format. It should include a proper salutation, such as “Dear [Bank Name] Customer Service,” and a polite and concise body that clearly states your intention to close the bank account and transfer the funds. 

End the letter with a professional closing, such as “Sincerely,” followed by your full name and contact information.

Q: Is it necessary to mention the reason for closing the bank account in the letter?

Answer : While it is not mandatory to mention the reason for closing the bank account in the letter, you can include a brief explanation if you feel it is necessary or if it could assist the bank in improving their services. 

However, it is generally sufficient to focus on the main purpose of the letter, which is to request the closure of the account and the transfer of funds.

Q: How should the letter be delivered to the bank?

Answer : It is recommended to deliver the letter in a secure and traceable manner. You can choose to send it by certified mail or through a secure online banking portal if available. 

Make sure to retain a copy of the letter and any tracking information for your records.

Q: How long does it typically take for the bank to process the account closure and money transfer?

Answer : The time it takes for the bank to process the account closure and money transfer can vary depending on the bank’s policies and procedures. 

Generally, it may take a few business days to process the request and transfer the funds to the designated account. It is advisable to contact the bank directly to inquire about their specific timeline for account closures and transfers.

Q: What should I do if there are any issues or delays in closing the account and transferring the money?

Answer : If you encounter any issues or delays in the account closure or money transfer process, it is best to contact the bank’s customer service department. 

Provide them with the details of your request and any relevant documentation, such as a copy of the letter you sent. They will be able to assist you and provide further guidance to resolve any problems.

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

application for closing bank account

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

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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Application for Current Account Closure (with Samples & PDFs)

I have listed sample templates to help you craft an effective and professional application for current account closure.

Also, I would like to point out that you can also download a PDF containing all the samples at the end of this post.

Current Account Termination Application Letter

First, find the sample template for application for current account closure below.

To, The Branch Manager, [Bank Name], [Branch Address], [City, State, Pincode]

Subject: Application for Closure of Current Account

Dear Sir/Madam,

I am writing this letter to inform you that I wish to close my current account with your esteemed bank. The details of my account are as follows:

Account Holder Name: [Full Name] Account Number: [Account Number] Branch Name: [Branch Name]

Due to some personal reasons, I find it necessary to discontinue my banking relationship with your bank and hence, the decision to close my current account. I assure you, this decision is not a reflection of any dissatisfaction with the services provided by your bank.

I understand that the bank may have certain procedures and formalities for account closure. Kindly let me know if I need to complete any forms or submit any additional documents. Moreover, I would appreciate it if you could also provide me with the final settlement of my account balance either through a demand draft or a direct transfer to my alternate bank account, the details of which are as follows:

Bank Name: [Alternate Bank Name] Account Number: [Alternate Account Number] IFSC Code: [IFSC Code]

I request you to kindly initiate the account closure process at the earliest and provide a confirmation of the same.

Thank you in advance for your prompt assistance in this matter. I look forward to your confirmation that my account has been closed successfully.

Yours sincerely,

[Your Name] [Your Signature] [Your Contact Number] [Your Email ID] [Date]

Note: Please replace the placeholders with the actual details while writing the letter.

Below I have listed 5 different sample applications for “application for current account closure” that you will certainly find useful for specific scenarios:

Application to Consolidate Multiple Current Accounts into One

Application to Consolidate Multiple Current Accounts into One

To, The Branch Manager, [Name of the Bank], [Branch Address],

Subject: Application to Consolidate Multiple Current Accounts into One

Respected Sir/Madam,

I, [Your Name], holding account number [Account Number 1], request you to consolidate my multiple current accounts held with your esteemed bank. Due to the management of several accounts, I am facing difficulty in monitoring and organizing my business finances efficiently.

I kindly request you to merge the following current accounts into one:

1. Account Number: [Account Number 1], Branch: [Branch Name 1] 2. Account Number: [Account Number 2], Branch: [Branch Name 2] 3. Account Number: [Account Number 3], Branch: [Branch Name 3]

I would like to retain the account number [Account Number 1] as my primary account and close the other accounts mentioned above. I am ready to complete any formalities or provide any additional information required by the bank for the consolidation process.

I request you to process this application at the earliest and confirm the completion of the same. Your assistance in this matter will be highly appreciated.

Thanking you in advance.

[Your Name] [Your Address] [City, Postal Code] [Phone Number] [Email Address]

Application for Current Account Closure due to Unsatisfactory Services

Application for Current Account Closure due to Unsatisfactory Services

Subject: Application for Current Account Closure Due to Unsatisfactory Services

I am writing this letter to express my dissatisfaction with the services provided by your bank and to request the closure of my current account, [Account Number], with immediate effect.

Over the past few months, I have encountered multiple issues that have led to financial losses and inconveniences. Some of the major issues include:

1. Frequent unavailability of online banking services during crucial hours. 2. Delayed clearance of cheques, causing disruption in business transactions. 3. Unresolved discrepancies in account statements, despite multiple complaints. 4. Lack of prompt and efficient customer support, resulting in wasted time and effort.

I believe that I have given your bank ample time and opportunities to address these issues, but the continued lack of improvement in services has left me with no choice but to close my account.

Kindly process my request at the earliest and provide me with a confirmation of the account closure. Additionally, please issue a cheque or demand draft for the remaining balance in my account, payable to my name.

Thank you for your attention to this matter.

Yours faithfully,

[Your Name] [Your Signature] [Your Address] [Your Contact Number] [Date]

Application for Current Account Termination in the Event of a Deceased Account Holder

Application for Current Account Termination in the Event of a Deceased Account Holder

To, The Branch Manager, [Bank Name], [Branch Name], [Branch Address]

Subject: Application for Current Account Termination in the Event of a Deceased Account Holder

I write this application to bring to your kind attention that my [relation], [account holder’s name], holder of current account number [account number] with your esteemed bank, has passed away on [date of death]. I request you to kindly close the said account and freeze all transactions with immediate effect.

As the nominee/legal heir, I am enclosing the necessary documents, including the death certificate, identity proof, address proof, and the original passbook for your reference and verification. Kindly process the account closing formalities and transfer the remaining account balance to my account at the earliest.

My account details are as follows:

1. Name: [Your Name] 2. Account Number: [Your Account Number] 3. Bank Name: [Your Bank Name] 4. Branch: [Your Branch Name]

I understand that the bank might require additional information or documents during the account closure process. I assure you of my full cooperation and request you to kindly proceed with the account termination.

Please feel free to contact me at [your phone number] or [your email address] for any clarification or additional requirements.

I look forward to your prompt action in this matter and trust that the bank will complete the necessary formalities at the earliest. Thank you for your assistance.

[Your Name] [Your Address] [Your Contact Number] [Date]

Application for Conversion of Current Account to Savings Account

Application for Conversion of Current Account to Savings Account

To, The Branch Manager, [Bank Name], [Branch Name], [Branch Address],

Subject: Application for Conversion of Current Account to Savings Account

I, [Your Full Name], am holding a current account with your esteemed bank. My account number is [Your Account Number]. I have been a loyal customer of your bank for the past [Number of Years/Months] years/months.

I am writing to request the conversion of my current account to a savings account due to a change in my employment status, which has resulted in a shift in my financial needs. I believe a savings account would be more suitable for my current situation, as it offers various benefits, such as earning interest on the deposits, lower charges, and facilities for online banking.

Kindly process this request at the earliest and confirm the conversion of my current account to a savings account. Please let me know if there are any formalities or documents that I need to provide or complete to facilitate this process.

Thank you for your attention to this matter. I appreciate your prompt assistance and look forward to continuing my banking relationship with [Bank Name].

[Your Full Name] [Your Contact Number] [Your Email Address]

Application for Current Account Closure and Loan Set-off Arrangement

Application for Current Account Closure and Loan Set-off Arrangement

Subject: Application for Current Account Closure and Loan Set-off Arrangement

I am writing to inform you that I wish to close my current account (Account No: XXXXXXXXXXXX) held at your esteemed [Bank Name] branch, [Branch Name]. I have been a loyal customer since [Year] and had a satisfying experience with your bank’s services. However, due to some personal reasons, I have decided to close my account.

Furthermore, I have an outstanding loan (Loan Account No: YYYYYYYYYY) availed from your bank for which I have been making regular repayments. I kindly request you to consider setting off the remaining loan amount against the balance available in my current account.

Please find enclosed the necessary documents for your verification and processing of my request. Kindly initiate the account closure and loan set-off process at the earliest. I authorize you to debit the necessary charges, if any, for the account closure.

Once the closure has been completed, please provide me with a confirmation letter as proof of account closure and loan set-off. I am grateful for your attention to this matter and look forward to a prompt resolution of my request.

Thank you for your assistance and understanding.

[Your Name] [Your Full Address] [Contact Number] [Email Address]

How to Write Application for Current Account Closure

Some writing tips to help you craft a better application:

  • Begin with the subject line: Clearly state the purpose of the application in the subject, e.g., “Application for Current Account Closure.”
  • Use a formal tone: Maintain a professional and formal tone throughout the application.
  • Address the bank manager: Address the application to the bank manager or the appropriate authority.
  • Include account details: Mention your current account number, account holder name, and branch details.
  • Reason for closure: Briefly explain the reason for closing the account, if necessary. This is optional.
  • Balance transfer: Provide details on where the remaining account balance should be transferred, whether it be another account, a demand draft, or a check.
  • Attach necessary documents: Include any required documents such as identity proof or an account closure form, if applicable.
  • Include contact information: Provide your mobile number, email address, or other means of communication for any further correspondence.
  • Sign the application: Ensure you sign the application and mention the date of submission.
  • Proofread: Review the application for any errors or omissions before submitting it to the bank.

Related Topics:

  • Loan Close Application
  • SBI Account Closure Application
  • Loan Application Letter to Bank Manager for Quick Approval

View all topics →

I am sure you will get some insights from here on how to write “application for current account closure”. And to help further, you can also download all the above application samples as PDFs by clicking here .

And if you have any related queries, kindly feel free to let me know in the comments below.

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application letter for closing current bank account

application letter for closing current bank account

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How to Write a Letter to Close Your Bank Account

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  • November 7, 2019

A man sitting down to a table to write a letter.

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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application letter for closing current bank account

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Letter For Closing Bank Account: Check Format and Samples

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Imagine you just opened a bank account to avail of online banking services. You are excited to use your bank account to make online payments but you realize that online shopping makes you vulnerable to hackers and online frauds. What would you do in such a case? You probably want to close your bank account. However, there is a formal process to do so. You must write a letter to close the bank account to the bank manager.

Writing a letter to close a bank account is quite common these days. In such letters, you are required to mention details like the reason for closing your bank account, your name, address, contact details, parents’ name, and banking details. Let’s discuss how you can perfectly write a letter for closing a bank account to your bank manager.

Table of Content

Format Letter for Closing Bank Account

Letter for closing bank account: sample 1, letter for closing bank account: sample 2, reasons for closing bank account.

Here is a format letter for closing the bank account. Make sure you understand the entire format before writing a letter for closing a bank account.

There can be several reasons for closing a bank account. When writing a letter to your bank manager to close your account or address any other issue, it is very important to highlight the purpose and what has led to the purpose in your letter. Here are some of the popular reasons that can be used for writing a letter to close your bank account.

1. Switching Banks

Sometimes we close our accounts because we’re switching to a different bank for various reasons such as better interest rates, lower fees, better customer service, or more convenient locations.

2. Relocation

When we are moving to a different city, state, or country where our current bank doesn’t have branches or services, we might choose to close our account and open one with a more accessible institution.

3. Dissatisfaction with Services

As customers, we are often dissatisfied with the banking services, unexpected fees, or dissatisfaction with the bank’s policies or practices can lead us to close our accounts and move our money elsewhere.

4. Financial Reasons

If we are faced with any financial issues, we might close our accounts to avoid fees that we can’t afford or to prevent creditors from accessing our funds.

5. Death of the Account Holder

In the event of the account holder’s death, their estate may close their accounts and distribute the funds according to their will or legal requirements.

6. Security Concerns

Security concerns is one of the popular reasons for closing bank account (s). Instances of fraud, identity theft, or unauthorized access to an account can prompt us to close our accounts to protect our finances and personal information.

7. Changes in Financial Goals

Developments like starting a business, getting married, or having children might prompt us to reassess our financial goals and banking needs, leading us to close our current accounts and open new ones that better align with our objectives.

8. Consolidation

Some people might choose to consolidate their banking relationships by closing accounts they no longer use or need, simplifying their financial management.

9. Legal Reasons

Legal reasons like court orders, divorce settlements, or other legal obligations might require us to close or divide joint accounts.

This was all about how to write a letter for closing a bank account. We hope the above-listed format and sample letters will help you understand the letter-writing process. For more information on such informative articles, visit GeeksforGeeks.

Letter for Closing Bank Account- FAQs

What is the purpose of writing a letter to bank manager.

The purpose of writing a letter to your bank manager is to address an issue related to your bank account. It can be any type of issue, such as fraudulent action, security breach, fake calls, etc.

How to write a letter for closing a bank account?

Dear Sir/Madam, Subject: Request for Closure of Bank Account Due to Security Concerns I am writing to formally request the closure of my bank account [Account Number: XXXXXXXX] held with the State Bank of India due to significant security concerns.

What is a format letter for closing a bank account?

Dear Sir/Madam, Subject: Request for Closure of Bank Account I am writing to formally request the closure of my bank account [Account Number: XXXXXXXX] held with [Bank Name]. [cite the reason for closing your bank account].

What details are required to close a bank account?

Your name, address, contact details, bank account number, bank’s name, IFSC Code, reason for closing your bank account, etc.

What is the purpose of letter writing?

Letter writing is an important part of academic and professional writing. Academic writing involves writing engaging letters where students are required to express their thoughts, ideas and experiences on a given topic. Profession letters are utilized to make formal requests. Whether it’s requesting information, action, or cooperation, a well-written letter can effectively communicate the request and its rationale.

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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 letter for closing current bank account

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. 

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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.

application letter for closing current bank account

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application letter for closing current bank account

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11 Sample of Application For Closing Bank Account

Sometimes you have to close your bank account for various reasons. You need to draft an application for closing your 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 a bank account, the guidelines to be followed and a few sample letters to understand the topic in depth. So, see below 11 easy samples of application for closing bank account.

Table of Contents

Format Of Bank Account Closing Application:

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 you 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 a 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

To, The Manager, [Name Of The Bank], [Name Of The Branch], [Branch Address]

Subject: Application For Closing Bank Account

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:
  • Current Balance:

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

Yours Faithfully,

Name:  [Your Name] Account No.: Address: Mobile no:

Your signature

Download Application In MS Word File

application letter for closing current bank account

Dear Sir/Madam,

I am [Your Name] , and I would like to close my bank account for account number XXXXXXXX with your bank. The account has been inactive for some time now, and I no longer have any use for it.

I would appreciate it if you could process my request to close my account as soon as possible. I have attached all the necessary documents that are needed to close the account.

Thank you for your time and attention.

I humbly request that I be 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.

I, [Your Name], have a savings account with the account number [Your Account Number] at your branch. Due to a personal move to another city, I would like to close this account and withdraw the balance amount. I request you to expedite the process as I will be relocating soon.

Enclosed are the bank passbook, identification, and address proof for your reference.

Thank you for your assistance.

Yours sincerely,

I am [Your Name] , 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, 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.

Yours faithfully,

I am writing this letter to formally request the closure of my bank account with [Bank Name]. After careful consideration and evaluation of my financial requirements, I have decided to discontinue my banking services with your esteemed institution.

I kindly request your assistance in initiating the necessary procedures to close my account as per the policies and guidelines. Below are the details of my bank account:

  • Account Holder’s Name: [Your Full Name]
  • Account Number: [Your Account Number]
  • Account Type: [Savings/Current/Other]

I would like to request a written confirmation of the account closure once the process is completed. Kindly provide me with an official statement stating that the account has been closed, along with a zero balance verification. Should you require any further information or documentation from my end to expedite the account closure process, please do not hesitate to contact me via the contact details provided below.

Thank you for your attention to this matter. I look forward to your prompt action and the closure of my bank account. I appreciate your cooperation throughout this process.

Yours Sincerely.

I hold an account with the account number [Your Account Number] at your bank. I have been relocated to another city, and so I need to close the account as it would be inconvenient to manage it from afar. Please clear all pending transactions and transfer the remaining balance to my other account (Account number: [Your Other Account Number]).

Thank you in advance.

I, [Your Name], hold a Savings Account in your bank. Due to some personal circumstances, I am unable to maintain the account and would like to close it. Please find the account passbook enclosed with this letter. I request you to initiate the account closure process at the earliest.

Thank you for your cooperation.

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

Thanking you,

Yours sincerely

I hold Account No. XXXXXXXX with your Branch and presently I am not able to maintain this account due to some personal issues. I request you to please close my savings account and not proceed with any transactions. I will be returning my passbook, checkbook, and cards along with my application.

Kindly close my bank account and transfer the balance amount to the below-mentioned account details. It would be highly appreciable if you do the needful to initiate the process as soon as possible.

Thanking You

Yours Sincerely

Dear Sir / Madam,

I would like to request you to please close my savings bank account with your bank. The account number is XXXXXXXXX. This request is because I am no longer using this account, and it has been inactive for some time.

I would appreciate it if you could process this request as soon as possible. Please let me know if you need any further information from me.

same bank existing bank account saving bank account kindly transfer bank account to another account to another branch bank branch bank account transfer bank account transfer letter bank account transfer application application for bank account

Q. How do I write a letter to close my bank account?

A. 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.

Q. How can I close my bank account permanently?

A. 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 providing the reasons for closing the account. Also, provide the required documents for proof and verification.

Q. Is it required to write a letter to close a bank account?

A. Writing a letter to the manager and asking him to permanently shut your account is a simple and safe method.

Q. How long is the time frame for closing a bank account?

A. It entirely depends on your bank, to be honest. You can ask the bank manager to finish this task as quickly as feasible. But it only takes five to 10 days at most.

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Application Letter

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Application For Closing Bank Account Letter

Do you want to close your bank account? If you want to close your bank account, then you are at the right place. Because in this article you will get 6 + Application For Closing Bank Account Letter Format with samples.

I know that you are looking for some bank account closing letter or application samples for this. A person can close his bank account for various reasons, Some common reasons are difficulty in managing multiple accounts, due to some unavoidable circumstances, Due to some personal or financial problems, death of someone in the family or being unable to maintain a minimum balance. That’s why I have given below more than 6+ Bank Account Close Application samples for you.

Bank Account Closing Letter Sample Format In Word, Application For Closing Bank Account Letter

From the sample below, you can choose a sample of your choice and write your own perfect bank account closing letter without any problem.

Bank Account Close Application In English

To The Bank Manager [Bank Name], [Branch Name], [Date].

Subject: Application For Closing Bank Account Letter.

Dear Sir/Madam,

Most respectfully, I am writing this letter to inform you that I am ______ (Account Holder Name), and I hold a Saving Account in your bank. My account number is ______ (Mention Your Account No) & Now I am not interested to continue this account due to some personal financial problem (Here you can mention your own reasons).

Therefore, I would like to request you to close the account and credit the amount to me in cash.

Yours Sincerely, [Your Name], [Your Register Mobile Number], [Your Address].

To The Branch Manager, [Bank Name], [Branch Name], [Date].

Subject: Bank Account Close Application.

Greetings Sir/Madam,

Most respectfully, I want to inform you that I am ________ (Mention Your Name), I have a Saving/Current/Salary account in your bank & Its bearing no is ________ (Mention Your Account Number). As I have multiple bank accounts, I am unable to maintain the minimum balance in this account. That’s why I want to close this account.

Therefore, I request you to close the account permanently and please credit the remaining amount to this bank account [Mention Your Any Other A/c Number].

Yours Truly, [Account Holder Name], [Account Number], [Mobile No], [Address].

Bank Account Closing Letter Sample Format

To, The Bank Manager, [Name of the bank], [Branch Address], [Date].

Subject: Bank Account Closing Letter.

Respected Sir/Madam,

With due respect, I beg to say that I hold a savings account in your branch for the last 5 years and my account no is ___________ [Mention Your Ac Number]. But now I want to close my account for some personal reasons with immediate effect.

The account’s details are shown below – Account Holder Name: Account Number: Account Type: Debit Card No: Linked Mobile No:

Also with this bank account closure letter, I am giving my passbook, chequebook and ATM card. It would be very helpful if you do the needful.

Thanking you in advance.

Yours Faithfully, [Your Name], [Mobile No], [Email ID].

Sample Letter To Close Bank Account And Transfer Funds

To The Manager, [Bank Name], [Bank Address], [dd/mm/yy].

Subject: Letter To Close Bank Account And Transfer Funds.

I am writing this application letter to inform you that, I hold a savings account in your _______ [Mention Your Branch Name] branch & the account number is ___________ [Write Your Account Number]. Now I am not operating this account for a long period of time.

Therefore, I request you to close this account and please transfer my existing funds through the demand draft or transfer it to this bank account – Bank Name: Account Number: IFSC Code:

I will be very grateful to you If you consider my request.

Thank you very much in advance.

Yours faithfully, [Your Name], [Email/Mobile No].

Sample Letter To Close Bank Account For Business

To The Bank Manager, [Bank Name], [Bank Address], [Date].

Subject: Application For Closing Bank Account For Business.

I would like to inform you that my name is _______ [Mention Your Name] and my account number is ________ [Mention Your A/c No]. I had this current bank account at your branch for the last 4 years because of my business.

The business is not doing well at the moment due to various problems. So, I decide that I want to close this bank account & I hope you will help me to do this.

Because of this reason, I request you to process my account closing request and transfer the remaining amount as soon as possible.

I will always be grateful to you in this respect.

Yours sincerely, [Your Name], [Contact Details], [Address].

Bank Account Band Karne Ke Liye Application In English

To, The Branch Manager, [Bank Name], [Bank Address], Date- [Date/Month/Year].

Subject: Bank Account Band Karne Ke Liye Application In English.

Respected sir/madam,

I am _______ [Your Name] & I have opened a savings bank account in this branch about 5 years ago. My account no is ________ . But right now my financial condition is not so good and I am not able to maintain a minimum balance in my account.

Therefore I request you to please close this account. Also, I want the remaining balance of the account to be transferred to me in cash. Please do the needful & close this account as soon as possible.

Thanks in Advance.

Yours faithfully, [Signature], [Address with Pin code], [Mobile No].

Application For Closing Bank Account Letter PDF

Application For Closing Bank Account Letter Pdf, Bank Account Closing Letter Pdf , Bank Account Closing Letter Sample Format

Download Bank Account Closing Letter PDF ➪ Click Here

FAQ’s on Application For Closing Bank Account Letter

What documents are required to close a bank account? All details related to your account, such as account holder name, address, account number, linked mobile number, signature, your original passbook and original checkbook (if issued). Also, your Identification Proof (Aadhar Card, Voter ID Card, Electricity Bill), Your Address Proof (Aadhar Card, Voter ID Card) and Debit Card / ATM Card (if issued).

Can a bank reopen a closed account? Yes, you can reopen a closed bank account. But in some cases, whether you can reopen the account depends on the bank. Because banks have some policies that you have to follow. Also, download and write your own letter using our bank account closing letter sample format in word sample.

How long does it take to close a bank account? It usually takes 10 to 15 days to complete the entire process of closing your bank account. However, in some government banks , this process takes more than 1 to 2 months to complete.

Can a bank refuse to close your account? Generally, overdraft bank accounts cannot be closed. So they may refuse to close it. If you follow your bank’s policies properly, you will be able to close your account without any problem.

Is passbook required for closing bank account? Yes, banks ask you to return your passbook, debit card, unused checkbook and any other documents issued by the bank. These need to be surrendered when closing the account.

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Application for Closing Bank Account Letter in English

August 5, 2021 by Sandeep

Bank Account Closing Letter: Whenever a customer wishes to close his bank account, he needs to write to the concerned branch manager and get his application processed for successful account closure. There are many reasons why a customer chooses to close his account with a bank. If a person fails to keep up the bank’s minimum balance for a long time, his account ceases to be operational and sees closure. If a customer maintains a non-active or dormant account for an exceptionally long time, his account may need to be closed. If a customer is unhappy with the changes in banking rules and regulations or wishes to open an account in a new bank, he may close his current account. Some of the important details of the letter include account number, branch code with address, IFSC, and MICR codes, and the customer’s full name with the customer ID.

Bank Account Closing Letter Format and Samples

A letter is a first and foremost record that a customer needs to present to the concerned bank manager to initiate his account’s closure. Along with the letter/application, he needs to surrender his associated documents like Cheque books, passbooks, ATM cards, and any deposit certificates linked to his account. Alternatively, if the customer needs to shift base but intends to retain services with the same bank, he may opt to transfer his bank account. In this case, his current account gets closed, and a new account shall be opened as the customer’s branch requested. Usually, closure formalities need 8 to 10 days of processing. This article explains how to write the bank account closing letter in an appropriate format.

Bank Account Closing Letter Format

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

  • Properly addressing the bank branch manager
  • Correct name of the bank with branch details and complete address
  • Date of the letter
  • Subject line
  • Appropriate salutations
  • Informative body of the letter
  • Thanking with gratitude
  • Closure part
  • Name and signature

How to Write a Bank Account Closing Letter?

Follow these points to write a bank account closing application letter.

  • Be sure of the credit and debit balances in your account. Calculate the remaining balance after all settlements and indicate them correctly and boldly in your letter.
  • Some customers resort to amount withdrawal, while others prefer the transfer of their account proceeds. Be smart and choose hassle-free amount transfers if feasible. It saves a lot of time for both bank officials and the customer as well.
  • Letter for closure should be written in an application style as you initiate a new action for the bank records. Be polite in your tone and request the action in a professionally suitable manner.
  • Be transparent while surrendering your documents. It’s wise and reasonable to efficiently give all your bank-linked documents back to the branch and avoid future confusion.

Sample Letter to Close Bank Account

Request letter to close bank account.

In the case of relocating to another place, one should use the given below current account closing letter sample.

FAQ’s on Bank Account Closing Letter

1. To whom should we address the bank closure letter? Answer: Bank closure letters should always be addressed to the branch manager of the particular bank.

2. How much time does the bank take to close the account? Answer: Banks require a minimum of 8 to 10 days to process account closure requests.

3. How to write a letter to close a bank account? Answer: A closure application should always contain essential details about the customer, like account number, remaining balance, and paid proceeds. Customers should produce accurate information and avoid errors strictly.

4. What are the necessary documents required to close a bank account? Answer: Banks request valid ID proof to be submitted along with the bank passbook at the time of account closure.

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Leave Application

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Application For Closing Bank Account | Bank Account Close Application

Post by Mita Maji

If you are looking for the application for closing bank account letter OR are you searching for the best samples of bank account close application then you have come to the right place. To close a bank account there is no hard process. It is a very easy process.

Firstly, You have to write an application to the bank branch manager to close your account and you have to attach your checkbook, passbook & ATM card along with this bank account closing application. You can also transfer the bank account to another branch without closing it. Generally, the bank will take about 5 to 10 days to close it.

Bank Account Close Application Letter, Bank Account Close Application In English, Application to close bank account, Bank Account Closing Letter Sample Format

As we know it is always a good practice to write an application yourself but due to lack of time, It is not possible for us to write a professional application. So, just to save your time we have created some samples of bank account closing letters for you which will make your work more easier.

Some of the most common reasons that account holders usually close their bank accounts such as personal reasons, moving to other countries, rude bank employees, unreliable banking systems, high interest on loans or online banking issues.

What is required to close a bank account?

There are need some things that are very important to close a bank account, which you have to take to the bank. For Example,

  • Bank Account Number.
  • Account Holder Name.
  • Signature Of Account Holder.
  • Original Passbook of Bank Account.
  • Cheque Book (If Issue).
  • Atm Card (If Issue).
  • Identify Proof (Ex. Aadhar Card, Pan Card, Voter ID Card, Driving License).
  • Address Proof (Ex. Aadhar Card, Voter ID Card)

Hopefully, if you go to your bank branch with the above-mentioned items, you will be able to close your bank account without any problem. However, many banks may charge “account closure fees” so you may have to pay it.

Read Also:-  Application For Bank Account Close In Hindi

Simple Bank Account Close Application Letter

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 savings account no is XXXXXXX in your bank. Currently, I am not able to continue this account anymore. So you are requested kindly to close the account and credit the amount to me by cash/dd.

Thanking you,

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

Bank Account Close Application In English

To The Bank 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 saving account in your branch and I want to close this account due to some personal reason 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 abovementioned 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 Letter

To The Manager, Name of the bank, Branch Name, Branch Address, Date-

Subject: Close Bank Account.

This letter is to inform you that kindly close my bạnk account no XXXXXXXXX in your bank. I am not operating this account for a long period of time. Now, I decided not to continue this account. I am returning my Debit/credit card, pass-book, and checkbook to the bank branch.

I request you to please return my existing balance through the demand draft or transfer it to my new account.

Thanking you.

Yours Sincerely Name: Account Number: XXXXXXXXX Date: XX/XX/XXXX

Bank Account Closing Letter Sample And Format

To, The Branch Manager, Bank Name, City Date

Subject- Application to close bank account

I would like to close my saving account no – XXXXXXXX due to some personal reasons with immediate effect. Hence, I request you to please close my said account and hand over the balance amount in cash and oblige. I am also returning my passbook, checkbook, debit and credit cards to the bank.

Please proceed with my request as soon as possible and I would appreciate it if you can close the account.

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

Read Also:  Bank Passbook Missing Letter

Sample Letter To Close Bank Account And Transfer Funds

To The Bank Manager, Bank Name, Branch Name, Branch Address, Date-

Subject- Application for closing bank account.

I have a saving account in your bank for the past four years but now due to some unavoidable circumstances. I want to close my account and transfer my amount to the new account. My saving account details are:-

  • Current Account Number –
  • New Account Number –
  • Home Branch Name –

Yours Faithfully, [Name] [Signature]

Bank Account Close Application Letter

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.

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

Read Also:  Application For Opening Bank Account

Application To Bank Manager For Closing Account

To, The Bank Manager, Bank Name, Branch Address – Date –

Subject: Application for Closure of Current Bank account

With reference to the subject above it is stated that I have two accounts in your bank and I want to close my one account. Having account number – XXXXXXXXX, date of opening DD/MM/YY. This account is not functional since last and I do not need this account anymore.

Therefore, I request you to close my above current account. Your cooperation in this regard will be highly appreciated.

Thanking you in anticipation.

Sincerely, [Name] [Signature] [Date] [Contact No]

Bank Account Closing Letter Sample Format

To, The Branch Manager [Bank Name], [Branch Name & Address], [Date].

Subject – Bank account closing application & account no XXXXXXXXX.

With due respect, I Beg to say that I hold a saving account no ___________ [Mention Your Bank Account No] with your __________ [Mention Your Branch Name] branch and I am unable to maintain this bank account due to some personal circumstances.

This is a request letter to please close my saving account and reject any further transactions request. I am returning my passbook, chequebook and my cards along with my request letter. My bank account details are –

Account Holder Name – Account No – IFSC code – Current Balance – Card Number –

Therefore, I request you to please close my account and return my outstanding balance to the account details mentioned below. It Would be highly appreciable if you do the needful to initiate the process as soon as possible. [Mention the details of the bank account you want to take the remaining money from your old bank account] Account Holder Name – Bank Account Number – IFSC Code –

Thanking You.

Yours Faithfully, [Your Name], [Your Address], [Contact Details].

Application For Closing Bank Account

To The Branch Manager, Name of the Branch, Address of the Branch (example: Bigoram, Kolkata, 700386)

Subject: Request for pre-closing ongoing recurring deposit (RD) account

My savings account no. is XXXXXXXXXX and RD account no. is XXXXXXXXXX in your bank. Due to some unavoidable reasons, I’m not able to continue the RD payment.

So you are requested kindly to pre-close the RD account before maturity period and deposit the so far amount from RD to my savings account.

Yours sincerely, Signature – Name – Mobile No –

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Bank Account Closing Application

To The Bank Manager [Name of the Bank], [Branch Name], [Branch Address], [Date].

Subject: letter to bank manager for closing account. (Account Number___________)

With reference to my savings bank account number with your branch as mentioned above, I am willing to close my account since I am not in need of the account further and I regret not being able to continue with this.

I am handing over my passbook, unused check, ATM card along with this bank account closing letter.

Also, the details of my account are given below – Account No – Account Holder Name – ATM Card No – Mobile No –

Therefore, I request you to please close my said bank account as soon as possible and let the remaining balance be handed over to me.

It would be highly appreciable if you do the needful in this matter.

Yours faithfully, [Your Name], [Your Address].

Best and Easy to write Application For Closing Bank Account Letter Sample Image

Bank Account Close Application In English, Bank Account Closing Letter Sample Format, Bank Account Close Application Letter, Application to close bank account, bank account closing letter

[ Download Image Format ]

[ Download Bank Account Closing Letter PDF ]

FAQ’s on Application For Closing Bank Account Letter

1) How do I write a letter to close my bank account? Answer: To, The manager. Dear Sir/Madam, I want to say that I am an account holder in your bank. My account no is XXXXXXX in your bank. Currently, I am not able to continue this account anymore. So, I request you to please close my account as early as possible. Thank you.

If you can’t write the letter at all then try to write by following the sample of the application that we have given at first.

2) How long does it take to close a bank account? Answer:  It totally depends on your bank. You can request your bank manager to complete this action as soon as possible. Yet it takes a maximum of five to ten days.

3) Is there a charge to close a bank account? Answer:  YES,  many banks charge  “Account Closure Fees”  for closing accounts. So you should look at these before opening a bank account. However, most banks usually take it if they want to close the account within  90  to  180  days of opening the account. We can’t say exactly how much you charge for it, but you can find out from your bank manager.

4) What documents do I need to close a bank account? Answer: As we told you earlier, you will need two types of documents to close the bank account. The first is some of your ID verification documents (E.g – Aadhar Card, Pan Card, Voter ID Card, DL) and the second is some of your bank account documents (E.g – Account Number, Signature Of Account Holder, Original Passbook, Atm Card).

5) Can you close out a bank account online? Answer:  The answer to this question may be yes or no or both. Because in our India some banks give the opportunity to close your bank account online and some banks do not give that opportunity. So, below are the links to some bank’s closure forms. Which you can fill up and submit to your bank.

  • State Bank of India
  • Bank of Baroda
  • Punjab National Bank
  • Canara Bank
  • Indian Overseas Bank
  • Union Bank of India

I hope you find the exact sample or format of the bank account closing application you were looking for on the internet.

Preparing to close your account

Steps to close a bank account.

  • Bank account closure tips

How to Close a Bank Account

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  • Before closing a bank account, you need to ensure there are no pending transactions and remove your funds.
  • Most national and online banks will require you to call or visit a branch to close an account.
  • Remember to reroute direct deposit and bill pay to a new account.

The first bank account you open doesn't have to be a permanent fixture in your life. Maybe you're moving somewhere that doesn't have any of your current bank's branches, you've decided to streamline your banking, or you simply found a checking account that's a better fit for you.

Whatever the case may be, you don't have to stay tied to your account forever. Closing a bank account won't negatively impact you in the same way that closing a credit card may affect your credit score . Still, there are specific steps to follow to ensure a smooth account closure.

Ensure all checks have cleared

If you've written or deposited a check, be sure it has cleared before initiating a bank account closure. If you don't, you run the risk of your check bouncing or not receiving funds you are rightly owed.

Find out if the account is in good standing

Banks won't let you close an account if you have a negative balance, so you'll need to assess your current account's standing. Negative balances will require you to put some money in so that you have at least a $0 account balance to close the account.

The standing of your account may affect whether you'll have to pay fees. If you've overdrawn from your account and have a negative balance, you'll be charged an overdraft fee . New accounts that have been opened for a short time — usually less than six months — may be charged an early account closure fee of around $25 or $30.

Create a plan for the money left in your account

Your goal should be to leave your bank account with a $0 account balance to make the closing process more efficient. If there's money left in the account, the bank has the right to use those funds to cover any overdrafts or overdraft fees and will send you a check for any remaining balance.

If you want more immediate access to your funds, transfer them out of the account ahead of time. You'll also want to redirect future bill pay and direct deposit to another account.

Contact your bank

With most banks, you won't be able to initiate the closing process online.

Most national brick-and-mortar banks will require you to go to a branch location or call over the phone first. Online banks will also want you to call.

A few banks will let you initiate the process online. TD Bank lets you close an account through online banking or email if your account has a $0 balance. Axos Bank also allows customers to initiate closure online.

Calling a bank will be enough to close an account in most cases, but some institutions may require you to fill out an additional form or write a quick note. For instance, if you have a joint bank account , you may have to fill out a form or write a note that states both individuals want to close the account.

If you aren't sure what the process is like for your financial institution, try searching through a bank's FAQ section first, then call your bank if you still can't find the information.

Withdraw your balance

If your bank requires a $0 balance to close your account, you'll need to withdraw or transfer the funds to a different account. You can typically do this by visiting an ATM if the amount is under the withdrawal limit . Your bank may also offer the option to receive a check for your balance.

Obtain written confirmation

A bank will verify once your account is closed. This will be done either over the phone, through email, or through online banking.

If your account requires you to pay a monthly bank maintenance fee on the same day each month, try to close the account at least a couple of days before you are charged the fee. This gives you a buffer in case it takes several days to close the account.

Tips for a smooth account closure

Avoid closing accounts with pending transactions.

If you have pending transactions, such as a bill payment or a paycheck, they may not be able to go through once you begin the process of closing your account.

Consider the timing of closing around bill payments

Unless you have already moved the funds from your soon-to-be-closed bank account to a new account and set up online bill pay , avoid initiating an account closure within a few days of important payment due dates, such as rent or loan payments.

Bank account closure FAQs

It depends on the bank or credit union. Some require you to call or make an in-person visit to initiate an account closure. If you have a joint bank account, documentation is needed to close a bank account.

Closing a bank account will not have a negative effect on your credit score if the account is in good standing — meaning any overdrafts and common bank fees are paid.

Bank policies vary. Generally, if the account is in good standing and the funds have been moved elsewhere, your account can be closed immediately. If you're account have a negative balance, you'll have to deposit funds to reach a $0 balance before you engage in steps to terminate a bank account.

You can request a check, withdraw the balance in cash, or transfer the funds to a new account. It's ideal to withdraw funds before account closures. 

There's only a fee if you're closing a bank account right after you've opened it. Generally, you'll have to keep your account open for 60 to 180 days to avoid an early account closure fee.

application letter for closing current bank account

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application letter for closing current bank account

application letter for closing current bank account

Request Letter to Close Current Bank Account Format

Close Current Bank Account Letter Format Sample

If you wish to close your current bank account then in order to do that you need to write an Application For Close Current Bank Account to your bank for the same. The Letter Format to Close Current Bank Account is a simple letter that includes the details about your bank account along with the request for transfer of funds to a different account, the details of which also need to be included in it.

In this post, we bring to you a Letter For Closing Bank Account . You can use this sample request letter for creating a personalized letter.

Current Bank Account Closing Letter Format, Sample

From: Rita Roy Proprietor New Era Salon New York

Date: May 27, 2022

Mr. Henry Smith Bank Manager ABC Bank New York

Sub: Regarding closing current bank account and fund transfer

Dear Mr. Smith,

I, Rita Roy, maintain a current account with your bank’s City Centre branch under my firm’s name, the details of which are:

Account Name: New Era Salon

Account Number: 78567856

I am writing this letter to request you to please close this current account with your branch and transfer all the funds to my other account, the details of which are:

Account Number: 1245657

Bank Name: Elite Bank

I have also attached with the letter, the self-attested transfer check for the process of verification for the account closure. I would like to request you to kindly process this request at the earliest.

In case of any more information, please feel free to get in touch with me at 9898989898.

Thanking in anticipation.

Rita Roy Proprietor New Era Salon New York

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  2. Bank Account Closing Letter. Application for Closing Bank Account

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    application letter for closing current bank account

  4. Sample Application for Closing Bank Account

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  5. Bank Account Closing Letter

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  6. Bank Account Close Application Letters in English

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  5. Application To The Branch Manager For Closing Savings Account

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COMMENTS

  1. Request Letter to Close Current Bank Account

    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).

  2. Application for Closing Bank Account: Format and Samples Letter

    Address the Letter: Begin by addressing the bank manager or appropriate authority with the correct salutation, such as "Dear [Bank Name] Manager.". State Your Intent: Clearly state your intention to close your bank account due to personal reasons. Mention the type of account you hold (e.g., savings account) for clarity.

  3. Application for Closing Bank Account

    Coimbatore- 641022. 12/10/2021. Subject: Request for closing current account. Sir, 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.

  4. Application for Closing Bank Account

    The Branch manager. Bank Name. Bank Address. Date. Subject: Application to Close Bank Account. Salutation. 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.

  5. Letter To Close Bank Accounts: Free Template

    Sample Account Closing Letter. 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. Please provide written confirmation that the accounts are closed.

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

    The Branch Manager. Name of the Bank. Bank Address. dd/mm/yy. Salutation: Move on to address the bank representative politely. Sir/ Ma'am, 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. Body of the letter.

  7. Application for Closing Bank Account

    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. I'm now unable to keep this account going. Therefore, I respectfully ask that you terminate the account and credit the money to my cash or debit card.

  8. Sample Letter To Close Bank Account: Free & Effective

    Letter Template. [Date] Dear [Bank Manager's Name], I am writing to request the closure of my bank account [Your Account Number]. Please disburse any remaining balance in my account via [check/money transfer to Account Number]. Kindly acknowledge the receipt of this request and confirm the closure of my account. Thank you for your assistance.

  9. Closing a Current Account: Process, Closing Letter, & Formats

    Here's an application format for closing a current bank account you can use as a reference when drafting your application. Current Account Closing Letter Sample. Each bank has its own closure form and also require you to submit relevant supporting documents as per your constitution for account closure.

  10. Sample Letter to Close Current Bank Account and Transfer Funds

    Template for Your Letter. Subject: Request to Close Current Bank Account and Transfer Funds. Dear [Manager's Name], I am writing to request the closure of my current account, number [Your Account Number], held at your branch. Please transfer the remaining balance to my new account, number [New Account Number], at [New Bank Name], [Branch ...

  11. Application For Closing Bank Account

    To, The Bank Manager. [Bank name] [Branch name] [Name of city/vill] Date : day/month/year. Subject : Application for closing bank account due to death. Respected sir/madam, 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.

  12. What Is a Bank Letter to Close an Account? With a Sample

    A bank account closure letter is a letter you write to your bank or credit union asking them to close your account. If you're closing a savings account at one bank so you can open a new account elsewhere, for example, the bank might ask you to do so in writing. Writing a letter to close a bank account can ensure that it's actually closed ...

  13. Application for Current Account Closure (with Samples & PDFs)

    Address the bank manager: Address the application to the bank manager or the appropriate authority. Include account details: Mention your current account number, account holder name, and branch details. Reason for closure: Briefly explain the reason for closing the account, if necessary. This is optional.

  14. Bank Account Closing Letter Sample and Instructions

    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.

  15. Letter For Closing Bank Account: Check Format and Samples

    Letter for Closing Bank Account: Sample 1. I am writing to formally request the closure of my bank account [Account Number: XXXXXXXX] held with the State Bank of India due to significant security concerns. In the past couple of weeks, there have been many cases of online fraud, scams and security breaches.

  16. How To Close A Bank Account

    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. Date. To whom it may ...

  17. Bank Account Closing Letter

    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.

  18. Application For Closing Bank Account: Format, Samples

    Application For Closing Bank Account: Sample 5. The Branch Manager. 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.

  19. 11 Sample of Application For Closing Bank Account

    Subject: Application For Closing Bank Account. Dear Sir/Madam, I am writing this letter to formally request the closure of my bank account with [Bank Name]. After careful consideration and evaluation of my financial requirements, I have decided to discontinue my banking services with your esteemed institution.

  20. Application For Closing Bank Account Letter (New Samples)

    Subject: Letter To Close Bank Account And Transfer Funds. Dear Sir/Madam, I am writing this application letter to inform you that, I hold a savings account in your _______ [Mention Your Branch Name] branch & the account number is ___________ [Write Your Account Number]. Now I am not operating this account for a long period of time.

  21. Application for Closing Bank Account Letter in English

    Bangalore - 76Date: 12th March 2021 Subject: Application for Account Closure. Dear Sir/Ma'am, I am Nidhi Yadav, having an SB account in your bank for the past six years. My account number is 8907654. I have to urgently relocate to Jaipur due to my professional commitments and unable to maintain my account here.

  22. Application For Closing Bank Account【15+ Sample】

    Application For Closing Bank Account. To. The Branch Manager, Name of the Branch, Address of the Branch. (example: Bigoram, Kolkata, 700386) Subject: Request for pre-closing ongoing recurring deposit (RD) account. Dear Sir/Madam, My savings account no. is XXXXXXXXXX and RD account no. is XXXXXXXXXX in your bank.

  23. Closing a Bank Account: Essential Steps

    Create a plan for the money left in your account. Your goal should be to leave your bank account with a $0 account balance to make the closing process more efficient. If there's money left in the ...

  24. Letter to Bank for Closure of Current Account of a Company

    Dear Sir/Madam, Sub.: Closure of current account of the company. We hereby request you to kindly close the current account bearing number _____________, which belongs to our company i.e. ___________ Limited. A resolution has been passed in the __th meeting of the Board of Directors of the company for the closure of the said current account and ...

  25. Request Letter to Close Current Bank Account Format

    Account Number: 78567856. I am writing this letter to request you to please close this current account with your branch and transfer all the funds to my other account, the details of which are: Account Name: New Era Salon. Account Number: 1245657. Bank Name: Elite Bank. I have also attached with the letter, the self-attested transfer check for ...