The Account Close Application Letter is a crucial document used when an individual or business entity wishes to formally terminate their banking relationship with a financial institution in the United States. This document is necessary to comply with banking regulations and internal bank policies, ensuring proper documentation of the account closure request. It serves multiple purposes: formally communicating the account holder's intention, providing necessary account identification details, specifying how remaining funds should be handled, and documenting compliance with regulatory requirements. The letter must adhere to federal regulations such as the Truth in Savings Act and state-specific banking laws, while also meeting the specific requirements of the financial institution. It's particularly important for maintaining clear records of account closure requests and protecting both the account holder's and bank's interests during the account termination process.

1. Account Holder Information: Full legal name, current address, contact information, and any other identifying information required by the bank

2. Account Details: Complete account number(s), type of account(s), and branch location where the account was opened

3. Closure Request Statement: Clear and explicit statement requesting account closure

4. Balance Handling Instructions: Specific instructions for handling any remaining balance, including transfer details or request for a check

5. Date of Closure: Preferred date for account closure or acknowledgment of bank's standard closure timeframe

6. Authentication Information: Any required security information or identification references as per bank requirements