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  • FIRST POST
    • vouch0r
    • By vouch0r 15th Apr 18, 12:08 AM
    • 191Posts
    • 36Thanks
    vouch0r
    Closing account via letter tips?
    • #1
    • 15th Apr 18, 12:08 AM
    Closing account via letter tips? 15th Apr 18 at 12:08 AM
    hi all,



    I need to send a closure letter to 3 banks for current accounts... what details should i include or will : please close sort code and account xxxx , thanks, name be enough?

    Sounds silly but im really not sure ... never done it via letter !
Page 1
    • YorkshireBoy
    • By YorkshireBoy 15th Apr 18, 12:11 AM
    • 30,122 Posts
    • 17,978 Thanks
    YorkshireBoy
    • #2
    • 15th Apr 18, 12:11 AM
    • #2
    • 15th Apr 18, 12:11 AM
    Why not use the CASS to switch them to one or more of your existing current accounts held elsewhere?
    • Westie983
    • By Westie983 15th Apr 18, 12:17 AM
    • 4,266 Posts
    • 14,809 Thanks
    Westie983
    • #3
    • 15th Apr 18, 12:17 AM
    • #3
    • 15th Apr 18, 12:17 AM
    hi all,



    I need to send a closure letter to 3 banks for current accounts... what details should i include or will : please close sort code and account xxxx , thanks, name be enough?

    Sounds silly but im really not sure ... never done it via letter !
    Originally posted by vouch0r
    This is fine,

    I would put Dear [Bank]

    Re [Bank account details and name]

    Please accept this letter as my request to close the above account [enter sort code/account number]
    Please close and send closing balance including any interest due to my account [enter bank name and details]/or send me a bankers draft for the total amount to my address above. **delete as appropriate

    Thank you in advance

    Name.

    They may need to contact you if they don't have your signature on file but they will have the contact details on record, and ask you to close in branch. If they have signature then this above letter will suffice.

    Westie983
    Save 12k in 2018 #10 Total (25,000)+7,500/12,000 = 62.50%
    Sealed Pot Challenge ~ 11 #97 Total (410) + 10/800 = 1.25% ( x 11)
    Xmas 2018 1 a Day #2 Total 62.59/365 = 17.14%
    Virtual Sealed Pot #1 Total 600/1,000 = 60.00%
    2 Savers Club 2018 #16 Total (1,500)+-490/2,000 = 50.50%

    Total 8,182.59/16,165 = 50.61%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • jonesMUFCforever
    • By jonesMUFCforever 15th Apr 18, 7:07 AM
    • 24,621 Posts
    • 11,865 Thanks
    jonesMUFCforever
    • #4
    • 15th Apr 18, 7:07 AM
    • #4
    • 15th Apr 18, 7:07 AM
    It might be better if you can to do it in person. Most banks I deal with will close an account there and then.
    Sometimes a letter may trigger suspicion especially if they do not have an up to date signature to compare with.

    Or as someone else has already advised use the switching system to transfer them.
    What goes around - comes around
    give lots and you will always receive lots
    • Chino
    • By Chino 15th Apr 18, 11:34 AM
    • 417 Posts
    • 198 Thanks
    Chino
    • #5
    • 15th Apr 18, 11:34 AM
    • #5
    • 15th Apr 18, 11:34 AM
    Re [Bank account details and name]
    ...
    [enter sort code/account number]
    ...
    [enter bank name and details]
    Originally posted by Westie983
    Why do you feel it necessary to state the account number and sort code three times? Once is enough. Repeating these details in a letter just introduces scope for making mistakes.

    The bank may charge for issuing a banker's draft.
    • mije1983
    • By mije1983 15th Apr 18, 12:49 PM
    • 2,870 Posts
    • 18,694 Thanks
    mije1983
    • #6
    • 15th Apr 18, 12:49 PM
    • #6
    • 15th Apr 18, 12:49 PM
    Re [Bank account details and name]

    Please accept this letter as my request to close the above account [enter sort code/account number]

    Please close and send closing balance including any interest due to my account [enter bank name and details]
    Originally posted by Westie983
    Why do you feel it necessary to state the account number and sort code three times?
    Originally posted by Chino
    I read it as

    1. Name of account (XX Current Account) and OP name (Mr X)
    2. The actual a/c number and sort code
    3. The details of the account you wish the money to be transferred to.

    So not the same information 3 times.

    • huw01
    • By huw01 15th Apr 18, 1:38 PM
    • 206 Posts
    • 110 Thanks
    huw01
    • #7
    • 15th Apr 18, 1:38 PM
    • #7
    • 15th Apr 18, 1:38 PM
    I usually just write on a bank statement that i want to close this account, please send me a cheque for the outstanding balance to my registered address. Never had a problem
    • colsten
    • By colsten 15th Apr 18, 3:42 PM
    • 8,976 Posts
    • 7,722 Thanks
    colsten
    • #8
    • 15th Apr 18, 3:42 PM
    • #8
    • 15th Apr 18, 3:42 PM
    Why not use the CASS to switch them to one or more of your existing current accounts held elsewhere?
    Originally posted by YorkshireBoy
    A switch is the best alternative by a long way, particularly if you are able to bag a switch bonus. Even without it, you have the peace of mind that if someone sends you money to the old account, it will be forwarded to your 'new' account for at least 3 years.
    • ColdIron
    • By ColdIron 15th Apr 18, 4:51 PM
    • 4,028 Posts
    • 4,966 Thanks
    ColdIron
    • #9
    • 15th Apr 18, 4:51 PM
    • #9
    • 15th Apr 18, 4:51 PM
    Darling Fascist Bullyboy

    Please close my account xx-xx-xx xxxxxxxx and pay any residual interest into account xx-xx-xx xxxxxxxx or send me a cheque

    May the seed of your loin be fruitful in the belly of your woman
    • PeacefulWaters
    • By PeacefulWaters 15th Apr 18, 4:57 PM
    • 8,205 Posts
    • 10,447 Thanks
    PeacefulWaters
    Darling Fascist Bullyboy

    Please close my account xx-xx-xx xxxxxxxx and pay any residual interest into account xx-xx-xx xxxxxxxx or send me a cheque

    May the seed of your loin be fruitful in the belly of your woman
    Originally posted by ColdIron
    This nails it.
    • Herbalus
    • By Herbalus 15th Apr 18, 5:16 PM
    • 1,975 Posts
    • 1,567 Thanks
    Herbalus
    May the seed of your loin be fruitful in the belly of your woman
    Originally posted by ColdIron
    Belly? It's not going to be fruitful if they eat it.
    • DCFC79
    • By DCFC79 15th Apr 18, 5:25 PM
    • 31,430 Posts
    • 19,841 Thanks
    DCFC79
    Its easy, some details so they can identify you would be a start.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
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