Balance Transfer Request Letter Template for Austria

The Balance Transfer Request Letter is a crucial document in Austrian banking operations, used when an account holder needs to initiate a transfer of funds between accounts, whether within the same bank or between different financial institutions. This document is essential in both personal and business banking contexts, requiring careful attention to Austrian banking regulations, particularly the Bankwesengesetz (BWG) and Zahlungsdienstegesetz (ZaDiG). The letter must include specific account details, transfer instructions, and authorization elements while complying with Austrian data protection laws and EU financial services directives. It serves as a formal record of the transfer request and provides the bank with written authorization to execute the transaction. The document's format and content must meet both regulatory requirements and the specific operational procedures of Austrian financial institutions.

1. Sender Information: Full name, address, contact details, and customer reference number of the account holder requesting the transfer

2. Date and Bank Details: Current date and complete details of the bank branch being addressed

3. Subject Line: Clear indication that this is a balance transfer request

4. Account Details: Current account number, IBAN, and BIC/SWIFT code from which the transfer is to be made

5. Transfer Instructions: Specific amount to be transferred and destination account details

6. Authorization Statement: Explicit statement authorizing the bank to process the transfer

7. Closing and Signature: Professional closing, signature, and printed name of the account holder