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An Authorization Letter To Close Bank Account is a critical document used in Hong Kong's banking system when an account holder wishes to formally terminate their banking relationship. This document is essential for ensuring a proper and legally compliant account closure process, particularly under Hong Kong's stringent banking regulations and anti-money laundering requirements. It becomes necessary when account holders need to close accounts due to various reasons such as relocating, consolidating accounts, or ending business operations. The letter must include specific details about the account holder, account information, closure instructions, and funds transfer directions. It may also require additional documentation depending on whether it's a personal or corporate account, involves joint account holders, or is being executed through an authorized representative. The document must comply with Hong Kong banking regulations and the bank's specific requirements for account closure.

1. Date and Place: Current date and place of writing the authorization letter

2. Bank Details: Full name and address of the bank branch where the account is held

3. Account Holder Information: Full name, address, and contact details of the account holder

4. Account Details: Complete bank account number and type of account to be closed

5. Authorization Statement: Clear statement authorizing the bank to close the account

6. Identity Verification: Reference to enclosed identification documents of the account holder

7. Final Balance Instructions: Clear instructions for handling any remaining balance in the account

8. Signature: Account holder's signature matching bank records