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#1780348 - 01/28/13 06:54 PM Account Closing Letter
Kristen C. Offline
Junior Member
Joined: Jan 2008
Posts: 30
Does anyone have a sample letter they could send me of what you use when closing an account? We filed two SARs on an individual and now want to end our realtionship with them.

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General Discussion
#1780406 - 01/28/13 07:52 PM Re: Account Closing Letter Kristen C.
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,310
Galveston, TX
Dear Deadbeat,

We are excercising our right to close your account per paragragh XX of our depositors agreement as of xx/xx/xx. Please refrain from blah-blah-blah. Checks will be returned after this date and a check will be mailed to you for any remaining balances.

Have a good day,

Signed: Banker.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1780419 - 01/28/13 08:07 PM Re: Account Closing Letter Kristen C.
waldensouth Offline
Power Poster
waldensouth
Joined: Nov 2001
Posts: 7,973
FINALLY ABOVE the gnat line
We generally add, "we will accept cash deposits only until xx-xx-xx at which time the account will be closed." we leave it open for 10 days to provide a chance for checks written on the account to clear. That said, since you filed a SAR, you may need to look at the circumstances of your SAR before adding this to your closure letter.
_________________________
"Once you learn to read, you will be forever free."

- Frederick Douglass




My Opinion Only.

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#1780580 - 01/29/13 12:47 AM Re: Account Closing Letter Kristen C.
Princess of Power Offline
Gold Star
Princess of Power
Joined: Aug 2002
Posts: 406
Napa, CA
Buh, Bye

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#1780581 - 01/29/13 12:58 AM Re: Account Closing Letter Kristen C.
Princess of Power Offline
Gold Star
Princess of Power
Joined: Aug 2002
Posts: 406
Napa, CA
SERIOUSLY HOPE THIS HELPS:

Please be advised that this is our formal notification of intent to close the above reference account with YOUR BANK NAME HERE on DATE YOU ARE CLOSING IT.

Additionally, all deposits compromised of uncollected funds (non-cash or checks not drawn upon YOUR BANK NAME) are subject to the maximum hold allowed (seven days) due to the repeated overdrafts that have occurred on this account. Furthermore, please ensure sufficient funds are on deposit in your account prior to issuing any checks as no items will be honored if presented against insufficient balances.

You will be issued a cashier check for the collected funds remaining in your account on the date reflected above. Any uncollected funds remaining in the account will be forwarded upon collection.

If you have any questions regarding this notification, please contact the undersigned. Time is of the essence and you are encouraged to make other arrangements for your banking needs.

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