Formal Letter format for Closing Bank Account - Letter Format with Sample Letters

Are you unable to manage your bank account or have it been inactive? This article will explain why it is important to close your bank account. For your convenience, we have included sample account closing letters.

Why close a bank account?

There are many reasons why a bank account should be closed. These reasons can vary from one person to the next. The most common reasons are not receiving a prompt response, insufficient fees, and untrustworthy online services. You may also need to close the account or get the money, or you simply want to open a new account.
Sometimes it can happen in the opposite. Your account is closed by the bank because you are inactive for too long, your account has zero balance, there have been too many bounced checks, and overdrafts, or you have been a victim of identity theft.

How do you close a bank account?

You must write a letter explaining why you want to close or open a bank account. Here are some examples of letters to help you get started.

Format of an Account Closing Letter

The Branch Manager
Name of the Bank
Bank Address
dd/mm/yy

Sir/ Ma’am,

Body of the letter

Thanking you
Yours faithfully,
Signature of the Account Holder
Name of the Account Holder

Sample 1 – Current Account Closing Letter

The Manager
South Indian Bank
Thudiyalur
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. Kindly do the needful and initiate the closing process as soon as possible.

Thanking you
Yours faithfully,
Signature
Sneha C

Sample 2 – Letter to Bank Manager for Closing Account

The Manager
State Bank of India
T Nagar
Chennai – 600054
31/12/2021

Subject: Request to Close Account

Sir,

I hold an account with the account number 0305000002356032 at your bank. I have been transferred to Bangalore, 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,
Signature
Thara Sudhan

Sample 3 – Bank Account Closing Letter

The Branch Manager
Union Bank of India
Koramangala Branch
Bangalore – 600023.
25th 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, identification, and address proof for your reference.

Thanking you
Yours faithfully,
Signature
Rudhaprasad

Frequently Asked Questions about Bank Account Closing Letter Format

How do you write a letter closing my bank account?

The letter should be addressed to the bank branch manager. Begin by addressing the letter to the appropriate bank manager. You must include the correct account number and any other information.

How do I permanently close my bank account?

You can close your bank account by visiting the bank to inquire about closing it. After that, write a letter explaining why you want to close the account to the manager. You should also provide proof and verification documents.