Document background
The Account Close Application Letter is a formal document used within Hong Kong's banking system to initiate and process the closure of bank accounts. This document is essential when customers wish to terminate their banking relationship, whether for personal accounts, business accounts, or investment accounts. It ensures proper documentation of the closure request, helps maintain compliance with Hong Kong banking regulations, and provides clear instructions for handling remaining balances and linked services. The letter typically requires specific information including account details, holder identification, closure instructions, and final balance disposition methods. It serves as an official record of the customer's request and the bank's acknowledgment, protecting both parties' interests during the account closure process.
