Sometimes you may have to change your bank account. This can be due to many reasons such as better services in another bank, better fees, and charges by other banks, higher interest rates in an existing bank account, poor customer service, lack of value-added services and smart services, moving to another location, lack of ATMs or branches nearby etc.
Another reason could also be that you already have more than two bank accounts and you wish to close a few accounts and keep only one or two accounts. Thus you choose to keep the card with the best overall facilities and service.
When you choose to close an account, you may want to notify places, where you are actively using your bank card. For example, you might want to inform the HR at your office that your bank account details have changed. Or alternatively, you could write a letter to your manager.
You might also want to notify any other organization or individual that makes payments to you on the existing account that you have decided to close. Here is a sample of what to write when informing your manager:
Sample Letter -1
Dear Mr. John,
I am writing this letter to notify about a change in my bank account for salary transfer. I want to request for changes in your records and that my salary be credited to my new account from this month i.e. September 2018.
According to your records, my salary was credited every month to my ABC bank account (account number). However, I had been experiencing many different problems with ABC bank for around a year. Their online services are limited and are frequently unavailable. Their ATM system is weak and I often cannot withdraw money because their system is down. I am a salaried person with limited income and often do not have cash in hand. Therefore, I have closed this account and opened a new one at XYZ bank.
Following are my new details:
Name of the bank: XYZ
Name of Account holder: Emily Watson
Account number: [Acc. No]
Branch code: [Code]
As the closing procedure would take some time and my salary is due in a few days, I do not want to face any transfer issue which is why I am informing you beforehand through this letter. I would be highly obliged if you make the changes in your records. Thank you in advance.
If you want any further details, please contact me at [Contact].
Regards,
Emily Watson.
Sample Letter -2
Dear Mr. Yong,
I am writing this letter to request a change of bank account in your records. I want to request that my salary be credited to my new account from this month i.e. February 2018.
I had a salary account in ABC bank (Account number) which was operational for the past five years. My salary was transferred on a monthly basis to this account. The bank has increased their charges for salary accounts by 10 percent which cuts a major part of my salary figure unnecessarily. When I experienced this, I looked for other options and found that no other banks have such high charges.
I have closed my account in ABC bank and opened a new account in XYZ bank. Following are the new details:
Name of the bank: XYZ
Name of Account holder: George Smith
Account number: [Acc. No]
Branch code: [Code]
Kindly, change the details of my bank account in your records so that no issue regarding salary transfer arises. I would be highly grateful to you. If you want any other information, feel free to contact me on: [Contact]
Regards,
George Smith
Sample Letter -3
Date:
Subject: Change of bank account details
Dear Sir/Madam,
I am writing to inform you that I have applied to close my current account number [enter account number] with [bank name]. The reasons were that I have three accounts which were more than I need. I decided to close the account with the least services as compared to other accounts.
My new account details are as follows:
A/C title:
A/C number:
Branch code:
A/C type:
Bank:
State:
Kindly make the relevant changes in my accounts file so that my future salary payments can be made to the new account.
Thank you for your cooperation.
Sincerely,
