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Best Bank Account transfer Application formats 2019

Sometimes, when you shift your place of business or place of work then you may need to transfer your Bank Account to the same place.But ,if you don't know how to write the Bank Account transfer Application it's very difficult to do so. Don't worry! we are providing here some of the best Bank Account transfer Application templates for you.

Bank Account transfer Application in English for Individual Account holders:
                                          

Account Transfer Application


To,                                                                            From: Name:...........................                            

The Branch Manager                                               Address………………………..
(Name of the Bank)                                                    ……………………………………
(Name of the Branch)                                               ……………………………………..              
(Branch Code)                                                          Mobile No.:………………………..


Respected  Madam/Sir,

Subject: Request for transfer of my /our Saving/RD/Term Deposit Account  
A/c Number(s)  ...............................…………..
From (Branch Name- Code) to (Branch Name- Code)

I/we hold the above account/accounts with...... (Name of the Bank).............(Branch Name and Branch Code) since .................(Account opening Date or year ).

I/we have shifted my/our place of work/place of business to ............(Name of Place/city).

I/we ,therefore, request you to transfer the above mentioned account(s)  to................ (Name of the Branch,Branch Code). The new address proof is enclosed/ shall be provided within 6 months at the transferee branch(Where the account has to be transferred).
Necessary charges may be debited to my Account............................(A/c No.)

Kindly do the needful at your end so that I/we may be able to operate the account normally.

Thanking you, 
Yours faithfully,
    
.........................................................................................        
(Applicant’s Name/Names with Signatures )
 Dated:
Place:
.......................................................................................................................................................................
Account transfer Application in English for Non - Individual/Corporate Account holders:

Account Transfer Application


To,                                                                            From: Name:...........................                            

The Branch Manager                                               Address………………………..
(Name of the Bank)                                                    ……………………………………
(Name of the Branch)                                               ……………………………………..              
(Branch Code)                                                          Mobile No.:………………………..


Respected  Madam/Sir,

Subject: Request for transfer of our Current Account  
A/c Number(s)  ...............................…………..
From (Branch Name- Code) to (Branch Name- Code)



We are maintaining the above account/accounts with...... (Name of the Bank).............(Branch Name and Branch Code) in the name of .........(Name of the company/organisation since .................(Account opening Date or year ).

We have shifted our registered office/branch office/place of work/place of business from the current location  to ............(Name of Place/city) vide board resolution of the Company Directors approved on dated.................and passed in the General Meeting dated............. .

We ,therefore, request you to transfer the above mentioned account(s)  to................ (Name of the Branch,Branch Code). The new address proof of the place of business  is enclosed/ shall be provided within 6 months at the transferee branch(Where the account has to be transferred).
Necessary charges may be debited to our Account............................(A/c No.)

Kindly do the needful at your end so that we may be able to operate the account normally.

Thanking you,
Yours faithfully,
   
For................(Name of the company/organisation)
Signature)s) with company seal

Authorized Signatory(ies)

 Dated:
Place:
.......................................................................................................................................................................
Bank Account transfer Application

Bank Account transfer Application

TIPS FOR WRITING A GOOD LETTER :

  • You can get the Branch Code and Bank name and necessary details of the current branch from the Bank Pass Book or Bank Check Book.
  • Any other details can be checked from the web also.
  • You should sign the letter in the same way as you normally sign while withdrawing money from bank account or if you have not changed the signatures after opening the account,the same sing should be appended.
  • "Transferee Branch" means the branch to which you are transferring the Bank Account.
  • Take your Bank Passbook and latest KYC (ID and Address Proofs) with you to the branch office to avoid any unnecessary delays.
  • You may have to surrender the Check Book issued in the account to the current Branch.
  • If you wish to change the letter format then you may click here to get the necessary details.
  • Although there is not a standard format for writing Bank Account transfer application and sometimes you can find the applications on the websites of the respective bank but you can completely rely on the format we have provided here for your ready reference.
.......................................................................................................................................................................

SOME IMPORTANT INFORMATION IF YOU ARE TRANSFERRING A BANK ACCOUNT 

In the present age of online banking you really don't need to transfer your bank account from one branch office to the other as you can operate your account through many alternate channels like ATM Card,Internet Banking,Mobile Banking,UPI and E-Wallets etc.

Therefore,we recommend that you tranfser the account only in case it is utmost necessary. This is because when you transfer you bank account to the other branch(Particularly when we are talking about Indian Banking system) ,the IFSC Code which is a unique code given to every bank branch in India gets changed.

And if you have registered your bank account with any mutual funds or you have registered ECS mandates for you Loan EMIs or any other purposes then surely you have to update those details to the particular agency. This task could be very cumbersome if you are a professional and is not able to spare much time for these kind of tasks.

On the other hand the normal banking transactions of the bank like withdrawal can be done with help of ATM cards and Check Books.Although you may be able to withdraw a limited sum of money from theses channles depending upon bank to bank and card to card types. Normally its Rs.50000/- for withdrawal through ATM Card and cash withdrawal at non base branches (means a branch other than the branch where you are maintaining your bank account).

But on the other side if are tech friendly or internet friendly then Mobile banking , E-banking or Internet Banking will be very much helpful for you in this case because the daily transaction limits for these channels are very much higher than the cash withdrawal limits in case of ATM Cards and Check Books.
This limit varies from Re.1/- to Rs.5,00,000/- daily or may be even higher depending on the bank you are dealing with.The transactions through these channels are very much secure with two-step authentications ,so you don't need to worry much about the security.

In conclusion we can say that ,in the age of Digitalisation its is not quite important to transfer the account from one branch to the other as you can operate the account from anywhere around the Globe. But if you wish to do so you can always follow our pro tips.


















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