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The Request Letter For Termination of Account is an essential document used when an individual or entity wishes to formally close their account with a financial institution or service provider in the Philippines. This document is particularly important in the Philippine context, where formal written communications are required for significant banking transactions under the General Banking Law of 2000 and BSP regulations. The letter should be used when an account holder wants to terminate their relationship with a financial institution, needs to close dormant accounts, is moving to a different provider, or wants to consolidate multiple accounts. It includes crucial information such as account details, closure instructions, and fund transfer directions, while ensuring compliance with local banking regulations and data privacy laws. The document serves both as a formal request and as evidence of the account holder's intention to close the account, protecting both parties in the transaction.

1. Sender's Information: Full name, address, and contact details of the account holder

2. Date: Current date of the letter

3. Recipient's Information: Name and address of the bank/institution, including specific department if applicable

4. Subject Line: Clear indication that this is an account termination request

5. Account Information: Specific account details including account number and type

6. Formal Request: Clear statement requesting account termination

7. Preferred Closure Date: Specified date by which the account should be closed

8. Disposition of Remaining Funds: Instructions for handling any remaining balance

9. Signature Block: Space for signature, printed name, and date