Letter from the Bank

The document titled 'Letter from the Bank' is a formal letter that is typically sent by a bank to one of its customers. The purpose of this letter is to address the issue of the customer's current account being overdrawn on multiple occasions. The bank informs the customer that allowing overdrafts is not the usual practice unless there is a special arrangement or security provided.

 

The letter begins with the sender's account information, including the first name, last name, address, phone number, and email. It is followed by the recipient's information, including their first name, last name, and address. The current date is also mentioned.

 

The sender then addresses the recipient in a formal manner, using 'Mr.', 'Mrs.', or 'Ms.' followed by the recipient's last name. The sender acknowledges the customer's long-standing relationship with the bank and mentions that they have allowed the payment of cheques even when the current account balance was insufficient.

 

The sender suggests that if the customer anticipates needing overdraft facilities in the future, they should authorize the bank to hold the balance on their deposit account as overdrawn security. This implies that the customer's deposit account has a substantial credit balance.

 

The letter concludes with a formal closing, 'Yours sincerely,' followed by the sender's name.

 

Overall, this document serves as a communication tool between the bank and its customer to address the issue of overdrawing the current account and provide a solution to avoid such situations in the future.

How to use this document?

Guidance for using the 'Letter from the Bank':

1. Identify the account information: Fill in the sender's account first name, last name, address, phone number, and email. Also, provide the recipient's first name, last name, and address.

2. Specify the current date: Enter the date on which the letter is being sent.

3. Address the recipient: Use 'Mr.', 'Mrs.', or 'Ms.' followed by the recipient's last name to address them in a formal manner.

4. Acknowledge the issue: Mention the instances of the customer's current account being overdrawn and explain that it is not the usual practice of the bank.

5. Offer a solution: Suggest that the customer authorizes the bank to hold the balance on their deposit account as overdrawn security if they anticipate needing overdraft facilities in the future.

6. Close the letter: Use a formal closing, such as 'Yours sincerely,' followed by the sender's name.

Note: Customize the letter as per the specific details and circumstances of the customer's account and the bank's policies.