Letter to Close Business Bank Account

Letter 1:

Subject: Close a business bank account [X]

Dear Manager,

I am John Smith and I am writing to you on behalf of my company [NAME]. Please consider this document as a request letter to close our business account which is registered with your bank. This was a great honor for us that we were running our all business affairs through your bank of great esteem. There is no exaggeration in saying that you had provided us with all the facilities so as to run our business affairs smoothly. Last month, it was decided by our management to move the company head office at [place] because most of our potential clients are inhabitants of that particular area. Also, our production units are located there.

By the end of next month, we will have closed this company office and most of our departments have already moved to the new location.

This was our business account and detailed particulars of it are being attached to this letter. We are also sending you unused checkbooks along with an account closure form duly signed by our CEO, in a closed envelope separately. Moreover, all the remaining balance has been withdrawn by the concerned officer.

To fulfill our request, if you need any further proceedings or queries, let us know as soon as possible so that all the formalities would be accomplished within due course of time. Thanking you in anticipation.

Yours truly,
[XYZ]

Letter to Close Business Bank Account
Template

Letter 2:

Subject: Close a business bank account [X]

Dear Manager,

My name is Johnson and I had been running my business affairs through your bank for the last ten years. I want to lodge my formal request to close my bank account, the details of which have been enclosed with this letter. I was forced to take this step because your newly appointed staff is lagging far behind in terms of professionalism and therefore, I am disappointed by your services.

I want to mention here that I did not take the decision at the spot as I had lodged many complaints about the issue before writing this letter. Unfortunately, no proper response was taken from your side and my issue remained unresolved. Owing to this situation, I became embarrassed and then I decided to dissociate myself from your banking services.

I have opened a new business account in [XYZ] bank. Details of this account are also being enclosed with this letter. As I have [amount in dollars] as a balance in my account, you are requested either to transfer it to my newly mentioned bank account or issue me a demand draft for the remaining balance. I will return you back my ATM and unused checkbooks within a few days. I expect that my request will be processed fast.

For any further processing, kindly let me know as soon as possible and for this purpose, you may call me at my personal number which is mentioned in your records. Thanking you in anticipation.

Yours sincerely,
[XYZ]

Letter to Close Business Bank Account

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