The Termination of Account Letter is a crucial document used in Swiss banking relationships to formally initiate and document the closure of banking accounts. It is required when an account holder wishes to end their banking relationship, whether for personal accounts, business accounts, or specialized banking services. The document must comply with Swiss banking regulations, including the Swiss Banking Act, data protection laws, and anti-money laundering requirements. This letter typically includes specific account identification details, explicit termination instructions, guidance for the disposition of remaining funds, and handling of any associated services. It serves as an official record of the account closure request and protects both the account holder's and bank's interests under Swiss law. The letter is particularly important in Switzerland's highly regulated banking environment, where proper documentation and clear communication are essential for account management and regulatory compliance.

1. Letter Header: Contains sender's details, recipient's details, date, and reference number

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

3. Termination Declaration: Clear statement of intent to terminate the account relationship

4. Current Balance Confirmation: Statement of current account balance and any pending transactions

5. Final Instructions: Instructions for the transfer of remaining funds, including destination account details

6. Timeline: Specification of desired closure date and acknowledgment of bank's processing time

7. Contact Information: Contact details for further communication regarding the closure process

8. Closing Formalities: Signature block and any required authentication elements