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A Request Letter For Termination Of Account is a crucial document used in Saudi Arabian banking operations when an account holder wishes to formally close their bank account. The document is essential for both individual and corporate account holders, requiring specific information and formatting to comply with Saudi Arabian Monetary Authority (SAMA) regulations and local banking laws. It must include clear identification of the account holder, account details, closure instructions, and proper authorization. The letter serves as a formal record of the account closure request and protects both the account holder and the bank by documenting the termination request and associated instructions. This document type is particularly important in Saudi Arabia's banking sector, where strict documentation and verification requirements must be met for account closure procedures.

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

2. Date and Reference: Current date and any reference numbers

3. Recipient Information: Bank's name, branch details, and address

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

5. Account Details: Account number, type, and other relevant identifiers

6. Request Statement: Clear statement requesting account closure

7. Reason: Brief explanation for account closure (if appropriate)

8. Final Balance Instructions: Instructions for handling remaining funds

9. Closing Statement: Request for confirmation and timeline expectations

10. Signature Block: Space for signature, printed name, and contact information