The Application Letter For Closing Bank Account And Transfer Money is a essential document used in New Zealand's banking system when an account holder wishes to terminate their banking relationship and transfer remaining funds. This document is commonly required when individuals or businesses are changing banks, moving overseas, consolidating accounts, or closing redundant accounts. The letter must comply with New Zealand banking regulations, including the Banking (Prudential Supervision) Act 1989 and Anti-Money Laundering legislation. It contains crucial information such as account holder details, account numbers, closure instructions, and specific transfer directions. The document ensures a formal record of the request and provides clear authorization for the bank to proceed with the account closure and fund transfer processes.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Application Letter For Closing Bank Account And Transfer Money
"I need an Application Letter For Closing Bank Account And Transfer Money for my joint savings account with ANZ New Zealand, as I'm relocating to Australia in March 2025 and need to transfer all funds to my new Commonwealth Bank account in Sydney."
1. Personal Information: Full name, contact details, and current address of the account holder
2. Account Details: Specific bank account number(s) to be closed and relevant branch information
3. Closure Request: Clear statement requesting account closure and preferred closure date
4. Transfer Instructions: Detailed instructions for transferring remaining balance, including destination account details
5. Authorization Statement: Explicit authorization for the bank to close the account and transfer funds
6. Signature and Date: Space for account holder's signature and date of request
1. Joint Account Declaration: Additional section required when the account is jointly held, including signatures of all account holders
2. International Transfer Details: Required for overseas transfers, including SWIFT/BIC codes, IBAN, and acknowledgment of foreign transfer fees
3. Outstanding Payments Declaration: Statement regarding any outstanding checks, automatic payments, or direct debits that need to be addressed
4. Reason for Closure: Optional explanation for closing the account, particularly relevant for long-term customers or business accounts
5. Alternative Contact Information: Secondary contact details for future correspondence, especially if moving overseas
1. Identification Documents: Copies of required identification documents as per bank's requirements
2. Proof of Address: Recent utility bill or other accepted document proving current address
3. Final Statement Request: Request form for final account statement if required
Authors
Relevant legal definitions
Account Holder
Account Number
Authorized Signatory
Bank Business Day
Branch of Account
Closure Date
Current Account
Destination Account
Electronic Transfer
Final Balance
International Bank Account Number (IBAN)
Joint Account
Outstanding Transactions
Primary Account Holder
Reference Number
SWIFT Code
Transfer Amount
Transfer Instructions
Registered Bank
Bank Fees
Account Number
Authorized Signatory
Bank Business Day
Branch of Account
Closure Date
Current Account
Destination Account
Electronic Transfer
Final Balance
International Bank Account Number (IBAN)
Joint Account
Outstanding Transactions
Primary Account Holder
Reference Number
SWIFT Code
Transfer Amount
Transfer Instructions
Registered Bank
Bank Fees
Clauses
Account Identification
Authorization
Transfer Instructions
Account Closure
Outstanding Obligations
Fee Acknowledgment
Data Protection
Final Statement Request
Confirmation of Instructions
Anti-Money Laundering Compliance
Direct Debit Cancellation
International Transfer Requirements
Joint Account Provisions
Contact Information
Effective Date
Authorization
Transfer Instructions
Account Closure
Outstanding Obligations
Fee Acknowledgment
Data Protection
Final Statement Request
Confirmation of Instructions
Anti-Money Laundering Compliance
Direct Debit Cancellation
International Transfer Requirements
Joint Account Provisions
Contact Information
Effective Date
Relevant Industries
Banking and Financial Services
Personal Banking
Corporate Banking
Retail Banking
International Banking
Financial Technology
Legal Services
Business Services
Consumer Services
Professional Services
Relevant Teams
Operations
Customer Service
Compliance
Legal
Account Management
Banking Services
Treasury
Risk Management
Document Processing
Client Relations
Relevant Roles
Bank Branch Manager
Account Manager
Financial Advisor
Banking Operations Officer
Customer Service Representative
Compliance Officer
Legal Counsel
Financial Controller
Treasury Manager
Relationship Manager
Banking Services Coordinator
Operations Manager
Find the exact document you need
Letter Of Intent To Transfer Department
A formal New Zealand business document expressing intent to transfer a department between organizations, outlining key terms and conditions under NZ law.
find out more
Letter Of Intent Of Transfer
A preliminary document under New Zealand law expressing formal intent to transfer ownership of assets, property, or rights, outlining key terms and conditions for the proposed transfer.
find out more
Internal Transfer Request Letter
A formal letter used in New Zealand organizations to request and document an internal transfer between positions, departments, or locations.
find out more
Department Transfer Request Letter
A formal letter used in New Zealand organizations to request an internal department transfer, complying with NZ employment law requirements.
find out more
Employee Transfer Letter From One Department To Another
A New Zealand-compliant formal letter documenting an employee's internal transfer between departments within the same organization.
find out more
Internal Transfer Application Letter
A formal letter used in New Zealand workplaces to request and document an internal transfer between positions or departments within the same organization.
find out more
Application Letter For Closing Bank Account And Transfer Money
A formal letter requesting bank account closure and fund transfer under New Zealand banking regulations.
find out more
Amount Transfer Request Letter
A formal document used in New Zealand to authorize and request the transfer of funds between accounts or to beneficiaries, complying with local banking regulations.
find out more
Loan Amount Transfer Request Letter
A formal request document used in New Zealand to authorize and initiate the transfer of loan amounts between accounts or financial institutions, complying with local banking regulations.
find out more
Employee Transfer Letter From One Branch To Another
A New Zealand-compliant formal letter documenting an employee's internal transfer between company branches, including transfer terms and conditions.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.