Bank account opening Letter is a formal request letter sent by the Business Entity of by natural person to the Bank, regarding opening of the bank account. Most of the banks nowadays have the forms, including online forms, so it is less likely that you will have to send bank account opening letter is decreasing.
In writing Bank account opening Letter you should pay attention to the following:
- Write correct Bank and Company name;
- Specify the turnover you expect;
- List the persons/employees who will be authorized to manage the account and send payment orders;
- list any special requirements / services you expect from the bank;
Below we provided you sample Bank account opening Letter for a company who wish to set up bank account in Dallas. We suggest you to provide some hint to the bank if you expect high transactions on this account. However do not reveal any business secrets to the bank.
Name Surname, Bank branch manager
City, State, ZIP
Subject: Bank account opening Letter
Dear Sir or Madam,
With this letter we hereby wish to submit a request for opening current account in your branch in the Dallas. We are going to commence operations in the Dallas starting from October 1, 2018.
We would like to bring to your attention that our company has a very good reputation and high turnover during past ten years. We already have deposits in your branches in Chicago and Salt Lake City, however now we plan to start full operations with your bank in our new branch office.
We kindly ask you to facilitate our account in the name of “Franchising LTD.” in your branch as soon as possible. We will provide all the information and documents that you may require for this purpose.
Looking for Your Favorable Reply,
Mr. John SMART