Can a bank close your account without notification?
It depends: a. If your account was closed because of insufficient balance being maintained or frequent bounced check issues etc., the bank would send you a notification letter and close the account. b. If your account is suspected of terrorist or money laundering activity, then the bank reserves the right to close or block your account without intimating or notifying you. It is perfectly legal and by the law. The offending customer should not be informed when the bank takes such an action. ...
Asked in State Bank of India
How do you write a letter to bank manger for cancel the joint account?
im not closing my account,just want to relieve my mother from my joint account and change it to single account ...
Asked in Banking
How do you write letter to bank manager for closing account?
If you want to write a letter to a bank manager to close your account, you will need your account number. You may also need to address, and proof of identity in order to close the account. ...
Asked in Manufacturing, Home-Based Businesses
How do you write a letter to customers informing you are closing the business?
Dear Valuable Customer We the management of the JSS Consulting company wishes to inform you on the recent [ state reason for closing] . We express our si ...
How do you write a letter to bank for change my salary account to no frill account?
To write a letter to the bank for change to my salary account to a no frill account state what you would like done and why you would like it done to customer service. ...
How can you close a bank account in the UK from abroad?
In order to close a foreign bank account from abroad, you will need to send a letter to the bank (call or look online for the customer inquiries or account cancellation address) that includes the following: * Your name * Your account number * Your wish to close the account immediately upon receipt of the letter * Your contact details (telephone, email and address) Optionally, you may include * Why you are closing the account * A request for currency conversion (please make the check payable in...
How do you write a appeal letter to bank on not closing my current account due to overdrawn?
When you write a letter to your bank make sure you are honest. It is always better to tell them the reasons for having your account overdrawn. ...
Asked in World War 2, Repossession, US Constitution
What are collection letters?
An official message sent to a borrower or a customer informing them of a past-due balance. The letter may include late charges, warnings of potential penalties for late repayment or non-repayment, or notification of possible legal action should the recipient fail to settle their account. ...
Asked in Letters Notes and Memos, Business Writing
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully ***** ...
Asked in Banking
How do you write a letter to close an account?
From, Your name & Acc number To, The Manager Bank name Sir, Sub: Reg closing of account no: ----- I would like to close my account with you. So I request you to close my account and pay the current balance in my account $___ Thanks, Your name ________ - Sign here. ...
Asked in Retail Stores
Is pathmark closing some of their stores?
I hear from my mother that the Pathmark in Lower Manhattan on Cherry St is closing sometime in Dec or Jan to make room for condos. I also received a letter from an old account I had at CFS bank within that pathmark that they are closing at the end of Jan. ...
Do you need to write a letter to close your account?
You will need to consult the customer service dept. where the account is held. Usually you can close the account over the phone, but need to follow up with a letter. It would be in your best interest to send a certified letter asking for the account to be closed. If questions/problems arise afterward you have the documentation of your request.. yes ...
Asked in Accounts Payable
What is a letter of remitance?
By definition, a letter of remittance is "a document sent by a customer, which is often a financial institution or other type of firm, to a creditor or supplier along with a payment to briefly explain what the payment is for so that the customer's account will be credited properly." These letters are usually used when the customer does not have an established account with the other entity. ...