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An Authorization Letter To Close Bank Account is a crucial document in the United States banking system that provides formal instruction and authorization for terminating a banking relationship. This document is necessary when an account holder wishes to formally close their account, especially when they cannot be physically present at the bank or when additional documentation is required. It must comply with federal regulations including the Bank Secrecy Act, Electronic Fund Transfer Act, and state-specific banking laws. The letter typically includes account holder information, account details, closure instructions, and directions for remaining balance disposition. It serves as protection for both the bank and the account holder by creating a clear record of the closure request and associated instructions. This document is particularly important for maintaining proper documentation for audit trails and regulatory compliance.

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

2. Recipient Information: Bank manager or relevant authority's designation

3. Subject Line: Clear indication that this is an authorization letter for account closure

4. Account Holder Information: Full name, address, contact details, and account holder identification

5. Account Details: Complete account number, type of account, and branch details

6. Closure Request: Clear statement requesting account closure

7. Remaining Balance Instructions: Specific instructions for handling any remaining balance

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