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The Termination of Account Letter is a critical document used in the UAE banking sector when ending a banking relationship with a customer. It serves as an official notification in compliance with UAE Federal Law No. 14 of 2018 (UAE Central Bank Law) and related banking regulations. The document is utilized in various scenarios, including customer-initiated closures, regulatory requirements, suspicious activity detection, or bank policy violations. It must include specific information required by UAE law, such as clear identification of the account, termination date, and closure procedures. The letter's format and content are designed to protect both the bank's interests and the customer's rights under UAE consumer protection laws while ensuring a clear audit trail for regulatory compliance.

1. Letter Header: Bank's letterhead, date, reference number, and formal address to the account holder

2. Account Details: Clear identification of the account(s) being terminated, including account numbers and types

3. Termination Notice: Clear statement of account termination and effective date

4. Reason for Termination: Brief explanation of termination reason if required by regulations or bank policy

5. Required Actions: Instructions for the account holder regarding final transactions, outstanding checks, and return of banking tools

6. Outstanding Obligations: Statement regarding any pending dues, fees, or charges that need to be settled

7. Final Instructions: Procedure for collecting final balance and closing process

8. Contact Information: Relevant department or officer's contact details for queries

9. Closing: Formal closing, signature block, and bank officer's details