¶¶Òõ¶ÌÊÓƵ

The Bank Termination Letter is a crucial document used in the Swiss banking system when an account holder wishes to end their banking relationship with a financial institution. This document becomes necessary in various situations, such as changing banks, closing accounts due to relocation, or ending specific banking services. The letter must comply with Swiss banking regulations and the Swiss Code of Obligations, containing specific elements required by Swiss law and banking practices. It serves as official documentation of the customer's request to terminate the banking relationship, providing clear instructions for account closure, transfer of remaining funds, and handling of associated banking services. The Bank Termination Letter must be precise and comprehensive, as Swiss banking regulations require detailed documentation for account closures to maintain compliance with anti-money laundering regulations and customer protection requirements.

1. Sender Details: Full name, address, and account details of the account holder

2. Bank Details: Name and address of the bank branch where the account is held

3. Account Identification: Clear listing of all account numbers and types being terminated

4. Formal Termination Statement: Clear and unambiguous statement of intent to terminate the banking relationship

5. Instruction for Remaining Funds: Specific instructions for transferring remaining account balances

6. Confirmation of Returned Items: Statement regarding return or destruction of banking cards, checkbooks, and other banking materials

7. Final Instructions: Any final actions required from the bank or the account holder

8. Signature Block: Space for date and authorized signature(s)