Do you want to close your bank account but you’re not sure with the procedure of closure of your bank account? If you are looking for it, you are going to get all the details in this article where we are going to share a detailed guide on how to write bank account closure letter.
In order to close your bank account, it is required that you first submit an official letter to your bank manager which should consist all the problems that you are going through with your bank and in the letter, you must ask your manager for the bank account closure. It is a mandatory step must be taken by everyone for the closure of your bank account. However, if you are facing problem in the same, go through this article where we are going to guide you on how to write a bank account closure letter to your manager without any fail.
One tricky thing which could possibly an obstacle in your goal will be to clearly tell the manager that you want to close your account. Since it’s the manager’s job to convince you the fact that they are providing you every facility and you must not close your account, it will be little difficult or time taking process.
But in order to shorten the process, you can directly write a bank account closure letter to your branch manager. It will be a simple process with no time wasting in stating why you want to close it. You can write everything on the letter and submit it to the branch manager.
Here, we are submitting a sample letter for your reference if you have no idea on how you can write a letter to the manager. The letter given below is a demo letter just for your reference and hence, you can take a fair idea from it.
How to write a bank account closure letter to manager?
The Branch Manager
State Bank of India (Or whatever bank you have)
Bangalore (Or your city) (Pin code)
Subject- Application for the closure of the bank account
I have an account on your bank with the Account no. [YOUR-ACCOUNT-NUMBER-HERE] with your branch and I am not able to maintain this account due to some personal reasons. Therefore, i request you to please close my savings account on your bank and reject all the further transactions. This is a humble request to you and here, I am returning my chequebook, passbook and all my cards with this letter.
I request you to please close my account and return the outstanding balance to the account details mentioned below. It would be very appreciated if you are able to initiate the procedure of closure of my bank account as soon as possible.
Bank Account Number : [YOUR-ACCOUNT-NUMBER-HERE]
IFSC Code : [YOUR-BANK-IFSC-CODE-HERE]
Things to keep in mind before closing your bank account
There are certain things you must take care of and know before you submit your account closure letter to your branch manager. You are required to double check all the details and ensure that you have provided them all your correct information. Apart from these, there are 4 more things you must take care of.
- De link your card- The foremost procedure you must do to close your bank account is to first de link your cards with the same. You must have linked your card with some UPI apps for the faster transactions. You must de link it. Apart from this, do check the same and de link with your credit card and securities trading account.
- Check your account balance- In order to close your bank account, you are also required to pay your closure amount which will be around 500 Rs only. And if your account balance is already in negative, you have to first pay the amount and make it till 0 and once it is done, you will be able to close your bank account.
- Open new account- When you are closing your bank account, you must know that you will not be able to keep your funds in your bank and hence, you either have to transfer the funds in some other bank account or else you need to open a bank account with a new bank.
- Bank statement backup- Before making the closure of your account, you have to make sure that you have also printed the soft copy of all your bank statements of at least 12 months. The bank statement will allow your customer to see the transactions happening in their account. You also can write a letter to your bank manager stating the issue of your account statement and asking them to issue.
If you have done everything mentioned above, you are now ready to submit your bank account closure letter to your branch and ensure that you are going to close your account.
If you are not satisfied with the bank service, you can also contact the bank customer care and they will get back to you. For the final closure of your bank account, it may take up to 10 days and you will get the confirmation letter to your registered address.
If you are facing any other issue in closing your bank account, you also must go to the branch manager directly by visiting the branch and let them know the issue.