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Letter to Close Bank Accounts

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You may be required to write a letter to close a bank account. Use the text below as a template. Fill in the information between brackets (“[“ and “]”) as necessary.

Account Closing Letter

[Today's Date]

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:
Savings Account:
Money Market Account:
Other Account:

Please provide written confirmation that the account is closed.

If you have any questions, please contact me at the phone number below.

Sincerely,

[Account Owner's Signature]

[Account Owner’s Printed Name]
[Mailing Address]
[Phone Number]

Tips for a Successful Account Closing

It is generally best to empty your bank account before you send a letter to close it. In most cases, you’ll have your money more quickly than if you wait for the bank to process your letter. If you have an electronic link between bank accounts, get your money out that way. You’ll know when to expect it, and you won’t be stuck waiting for a check in the mail – which you’ll then have to deposit. Read more about what to do before you change banks.

To close your bank account, you really just need to send a request in writing. Don’t worry too much about the wording – they’ll get the idea. It’s not necessary to tell them to do it “promptly” or “immediately” because they will do it as soon as possible anyway. Contrary to popular belief, banks do not drag their feet on these things until somebody notices. Just make it simple for the person who opens your letter (tell them what to do and where to send any 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.

If you’re closing your bank account because you’ve moved, be aware that the bank will most likely only send funds to your address of record. Address changes generally raise a red flag (they don’t know if it’s really you or an identity thief), so you may have to wait longer for your money, or you may have to do additional paperwork and get it notarized. Ask your bank what is required if you want anything mailed to a new address.

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