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The Cancellation Of Cheque Letter is a crucial document used in Irish banking operations when an account holder needs to stop payment on a previously issued cheque. This may be necessary due to various circumstances such as loss or theft of the cheque, suspected fraud, or material errors in the cheque details. The document, operating within the framework of Irish banking regulations and the Bills of Exchange Act 1882, must contain specific information including account details, cheque particulars, and the reason for cancellation. It serves as both a formal instruction to the bank and a record of the request, often incorporating indemnity provisions to protect the bank against potential claims. The timing of submission is critical, as the letter must be received and processed before the cheque is presented for payment.

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

2. Account Information: Account holder's name, account number, and other relevant banking details

3. Cheque Details: Specific information about the cheque including cheque number, date, amount, and payee name

4. Cancellation Request: Clear statement requesting the cancellation/stop payment of the specified cheque

5. Reason for Cancellation: Brief explanation of why the cheque needs to be cancelled

6. Authorization: Statement authorizing the bank to cancel the cheque and accepting any applicable fees

7. Signature Block: Space for account holder's signature, name, date, and contact information