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The Account Termination Letter is a critical document used in the United Arab Emirates banking sector when ending a banking relationship. It can be initiated either by the financial institution or the account holder, and is essential for properly documenting the closure of banking accounts in compliance with UAE Central Bank regulations and federal laws. This document is particularly important in the UAE's strict regulatory environment, where proper documentation of financial relationships is crucial. The letter typically includes detailed information about the account(s) being closed, final settlement procedures, and required actions from both parties. It serves multiple purposes: legal compliance, audit trail maintenance, and clear communication of closure terms. The document must adhere to both UAE banking regulations and Sharia law principles where applicable, making it a unique instrument in the UAE banking sector.

1. Header Information: Bank's letterhead, date, reference number, and customer's full contact details

2. Subject Line: Clear indication that this is an Account Termination Notice

3. Account Details: Specific account number(s), type(s), and branch details being terminated

4. Termination Statement: Clear statement of account termination with effective date

5. Outstanding Obligations: Statement regarding any pending transactions, outstanding fees, or balances

6. Required Actions: List of actions required from the customer (return of cards, checkbooks, etc.)

7. Final Settlement: Instructions for final settlement and remaining balance transfer

8. Closing Procedures: Step-by-step process of account closure

9. Contact Information: Relevant department/person to contact for queries

10. Signature Block: Authorized bank signatory details and signature