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An Authorization Letter To Close Bank Account is a critical document used when an account holder wishes to formally terminate their banking relationship with a financial institution in New Zealand. This document is essential for both personal and business banking relationships, providing clear authorization and specific instructions for account closure. It must comply with New Zealand's banking regulations, including the Banking (Prudential Supervision) Act 1989 and Anti-Money Laundering requirements. The letter typically includes account holder identification, account details, closure instructions, and fund transfer directions. It's particularly important when the account closure needs to be handled by a third party or when dealing with multiple accounts or joint account holders. The document serves as a formal record of the closure request and protects both the account holder and the bank by clearly documenting the authorization and instructions.

1. Date and Bank Details: Current date and complete bank branch information including address

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

3. Account Details: Complete bank account number(s) and type(s) of account(s) to be closed

4. Authorization Statement: Clear statement authorizing the closure of the specified account(s)

5. Instruction for Remaining Funds: Specific instructions for handling any remaining balance in the account

6. Confirmation of No Outstanding Items: Statement confirming no pending checks, automatic payments, or other obligations

7. Signature Block: Space for account holder's signature, name, and date