123-456-789 in the name of Weston Computer Hardware Company, has been changed from Mr. To Whom It May Concern . I recently got divorced and my wife said that I have the account seeing as I was the one to put most of the saving into it we both agreed that it was fair. If the bank pays the transaction on your behalf, the account balance will go negative and you could incur an overdraft fee. Do not include your name, "with regards" etc in the comment. Authorized Users and Signers An authorized user or signer on a bank account is a person that the primary account holder authorizes to use the account, for example, to make withdrawals and deposits and to write checks. A new application for a loan or mortgage in the remaining party name(s) would be required. In case the deceased account holder was the first account holder, then the tax liability of the account(s) will now shift to the surviving 2nd account holder.The following sample letter helps you in writing an application to the bank requesting them to do the needful on the unfortunate event of the death of an account holder. Unfortunately, it’s not always easy to remove your name from a joint account. When my partner wanted me to get a joint account we went down to his bank. If you have any questions or concerns regarding any content published here, feel free to contact us using the Contact link below. Dear Sir, We would like to inform you that as per the last Board of Directors meeting of our company held on 30.1.2018, authorized signatory for our CC Account No. Letter to bank to remove name from joint account. Deletion of existing joint holder. This is to certify that I, NAME OF OTHER ACCOUNT HOLDER, am listed on the above referenced account. I, alongwith my wife Jaya, has been holding a joint bank account in your esteemed bank and our account no. If you have any outstanding lending facilities, please advise: if the facilities are to be repaid or amended? Joint Account Change in Single Account To, The Bank Manager, Christopher and Lee Banks, London. That way it is a lot easier to handle. How to convert joint account to single account in hdfc. Being the most popular educational website in India, we believe in providing quality content to our readers. Subject: Access to Joint Bank Account . ©, Letter format requesting bank to update residence address in its records, Sample Letter to Bank for Renting a Safe Deposit Locker, A Sample letter for getting study loan from a bank, Sample letter format to request the bank manager to issue a new ATM card, Format of letter to inform bank to block lost or stolen debit cum ATM card. Now that my husband is no more living, I thus request you to do the needful and delete the name of my late husband from both the accounts. Dear Bank Manager, I am writing to you because I would like to request that I remove a name from a joint bank account that me and my wife has. In the joint names of the Account my name will stand as first name, which please note. Most banks don’t see the need to support this request. We have decided to operate the cash transaction individually. Unfortunately he has passed away on 30th of November 2016. The other important benefit is; unfortunately, if any of the account holder is deceased, the account continues to exist in the name of the surviving account holder(s). Sample authorization letter to authorize remove an authorized user My mother and I are holding a joint savings account with the number 04***** in your esteemed bank. Removing Someone’s Name Off Of A Joint Bank Account . But most banks don't accede to such requests. Convenience and Digital Banking We had to complete all the steps outlined by the bank to remove my husband’s name from the account remotely because we opened the account at a branch in New York more than 12 years ago. Also, I request you to stop all the charging privileges for this secondary account holder. ABC Bank. NAME OF BORROWER has full access to this account and all funds therein are totally Answered before. I recently got divorced and my wife said that I have the account seeing as I was the one to put most of the saving into it we both agreed that it was fair. Unfortunately he has passed away on 30th of November 2016. who is to be responsible for any outstanding sums? I am writing to request a name removal from my account with your bank. When we were married, my ex-spouse and I opened up a joint credit card account. The bank teller will then ask you to close the account in order to have the name removed. Each bank has individual requirements when it comes to removing someone from a joint account. They would rather advice the surviving account holders to apply afresh for a new account, where a new name could be added to replace the deceased account holder and the benefits of joint accounts could be availed. Creditors won't simply remove your name from a … To remove someone from a joint account we require written instructions, signed by all parties on the account. If you're assigned as the "primary" account-holder on a joint or custodial account, it may be even easier to remove your fellow account-holders. Branch Name… Sub: Request Letter to Remove Name from Joint Bank Account. As soon as the bank received the form, my husband’s name was removed from the account, and now it’s entirely in my name. Usually, this must be done in person at a bank branch location. Name of Bank: XXXXXXXXXX Account Number: XXXXXXXXXXXX . There are a few reasons why you might want to remove your name or someone else’s name off of a joint bank account. Write detailed comment, relevant to the topic. Notifying Letter to Bank for Removal of Signing Officer [DATE, ex. Unfortunately, a joint bank account may cause friction if a married couple ever decides to get a divorce. So please I would like to request that you … This is a strictly moderated site. Converting Joint Account to Single Account. Absolutely no spam allowed. For example, Wells Fargo's website states that the only way to remove a name from its accounts is to close the account entirely. You may need to pay the account off or ask the other account holder to help you. Give an application , on the prescribed format asking for amendments you intend to make , duly signed by all account holders and the needful will be done . In this respect, I am submitting a copy of the death certificate of my late husband. 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