Withdrawing money from your savings account is a common need, and knowing how to do it properly is crucial. A well-written withdrawal letter ensures clarity and avoids potential delays. This article provides 16 different sample letters tailored to various circumstances, making the process smoother for you. Each example is designed to be easily adapted to your specific requirements.
These sample letters cover a wide range of scenarios, from simple partial withdrawals to complete account closures. We’ve included examples for situations where you need the funds urgently, letters specifying the method of payment (e.g., check, wire transfer), and even letters requesting information about your account balance. Carefully review the examples to find the one that best fits your needs and customize it with your own information.
Before using any of these templates, it’s advisable to verify the specific requirements of your bank or financial institution. Some institutions may have their own forms or procedures for withdrawals. Submitting a clear and accurate letter, however, will generally expedite the process and minimize any potential misunderstandings. Remember to always keep a copy of your withdrawal request for your records.
Remember that including all relevant details such as your account number, the exact withdrawal amount, and preferred payment method is essential for a successful transaction. Ensure you provide your signature and contact information for verification purposes. Taking these precautions will help ensure that your withdrawal request is processed quickly and accurately.
16 Sample Letters of Withdrawal of Savings
Contents
- 1 16 Sample Letters of Withdrawal of Savings
- 1.1 Sample Letter 1: Basic Withdrawal
- 1.2 Sample Letter 2: Partial Withdrawal
- 1.3 Sample Letter 3: Full Account Closure
- 1.4 Sample Letter 4: Withdrawal with Specific Payment Method (Check)
- 1.5 Sample Letter 5: Withdrawal with Specific Payment Method (Wire Transfer)
- 1.6 Sample Letter 6: Urgent Withdrawal Request
- 1.7 Sample Letter 7: Withdrawal Request with Account Balance Inquiry
- 1.8 Sample Letter 8: Withdrawal for Third Party (With Authorization)
- 1.9 Sample Letter 9: Withdrawal for Transfer to Another Account (Same Bank)
- 1.10 Sample Letter 10: Request to Stop Automatic Transfers and Withdraw Funds
- 1.11 Sample Letter 11: Withdrawal Due to Financial Hardship
- 1.12 Sample Letter 12: Withdrawal for Investment Purposes
- 1.13 Sample Letter 13: Simple Withdrawal Request (Short and Sweet)
- 1.14 Sample Letter 14: Withdrawal with Request for Confirmation
- 1.15 Sample Letter 15: Withdrawal and Replacement of Lost Passbook
- 1.16 Sample Letter 16: Withdrawal Request Due to Relocation
- 2 Conclusion
Sample Letter 1: Basic Withdrawal
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
Please process this request and issue a check payable to [Your Name]. I will pick it up at your branch at my earliest convenience.
Thank you for your prompt attention to this matter.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 2: Partial Withdrawal
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Partial Withdrawal from Savings Account
Dear Sir/Madam,
I am writing to request a partial withdrawal from my savings account with account number [Your Account Number]. I would like to withdraw $[Amount].
Please deposit the withdrawn amount into my checking account with account number [Your Checking Account Number] at your bank.
Thank you for your assistance.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 3: Full Account Closure
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Account Closure and Withdrawal Request
Dear Sir/Madam,
This letter is to inform you of my decision to close my savings account with account number [Your Account Number], effective immediately.
I request that you withdraw the entire balance of my account, including any accrued interest, and issue a check payable to [Your Name]. Please mail the check to my address listed above.
Thank you for your services.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 4: Withdrawal with Specific Payment Method (Check)
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request – Check Payment
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
I request that the withdrawal be processed and a check be issued payable to [Your Name]. Please mail the check to my address listed above.
Thank you for your prompt attention to this request.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 5: Withdrawal with Specific Payment Method (Wire Transfer)
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request – Wire Transfer
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
I request that the withdrawal be processed via wire transfer to the following account:
Bank Name: [Receiving Bank Name]
Account Name: [Account Name on Receiving Account]
Account Number: [Receiving Account Number]
SWIFT Code: [SWIFT Code]
Please confirm the successful wire transfer once completed.
Thank you.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 6: Urgent Withdrawal Request
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Urgent Savings Account Withdrawal Request
Dear Sir/Madam,
I am writing to request an *urgent* withdrawal of $[Amount] from my savings account with account number [Your Account Number]. I require these funds as soon as possible due to [Briefly explain the reason for urgency].
Please process this request immediately and contact me at [Your Phone Number] to arrange the fastest possible method of receiving the funds.
Thank you for your understanding and immediate assistance.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 7: Withdrawal Request with Account Balance Inquiry
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal and Balance Inquiry
Dear Sir/Madam,
I am writing to request a withdrawal from my savings account with account number [Your Account Number]. Before processing the withdrawal, I would like to know the current balance of the account.
After receiving the balance information, I would like to withdraw $[Amount] from the account. Please issue a check payable to [Your Name] and mail it to my address listed above.
Thank you for your assistance.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 8: Withdrawal for Third Party (With Authorization)
[Your Name (Account Holder)]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request – Authorization for Third Party
Dear Sir/Madam,
I am writing to authorize [Third Party Name] to withdraw $[Amount] from my savings account with account number [Your Account Number].
[Third Party Name] will present this letter along with their identification. Please provide the funds to [him/her] in the form of [Check/Cash].
I confirm that I am the account holder and authorize this withdrawal.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 9: Withdrawal for Transfer to Another Account (Same Bank)
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal and Transfer Request
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
Please transfer the withdrawn amount to my other account at your bank, with account number [Your Other Account Number], which is a [Checking/Savings] account.
Thank you for processing this transfer.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 10: Request to Stop Automatic Transfers and Withdraw Funds
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Request to Stop Automatic Transfers and Withdraw Funds
Dear Sir/Madam,
I am writing to request the immediate cessation of all automatic transfers from my savings account with account number [Your Account Number] to [Destination Account, if applicable].
Furthermore, I request a withdrawal of $[Amount] from my savings account. Please issue a check payable to [Your Name] and mail it to my address listed above.
Thank you for your prompt attention to this request.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 11: Withdrawal Due to Financial Hardship
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request – Financial Hardship
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
Due to unforeseen financial hardship, I require these funds to cover essential expenses such as [Briefly mention expenses – e.g., medical bills, rent].
Please process this request as quickly as possible. I would prefer to receive the funds as [Check/Cash].
Thank you for your understanding and assistance during this difficult time.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 12: Withdrawal for Investment Purposes
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request – Investment Purposes
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
These funds will be used for investment purposes.
Please process the request and wire transfer the funds to:
Bank Name: [Investment Bank Name]
Account Name: [Your Investment Account Name]
Account Number: [Your Investment Account Number]
SWIFT Code: [Investment Bank SWIFT Code]
Thank you.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 13: Simple Withdrawal Request (Short and Sweet)
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal
Dear Sir/Madam,
Please withdraw $[Amount] from my savings account [Your Account Number]. Issue a check payable to me, mailed to my address above.
Thank you.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 14: Withdrawal with Request for Confirmation
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request and Confirmation
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number].
Please deposit this amount into my checking account [Your Checking Account Number] at your bank.
Kindly confirm the completion of this transaction via email at [Your Email Address] or by phone at [Your Phone Number].
Thank you for your assistance.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 15: Withdrawal and Replacement of Lost Passbook
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal and Passbook Replacement Request
Dear Sir/Madam,
I am writing to request a withdrawal of $[Amount] from my savings account with account number [Your Account Number]. I also wish to report that my savings account passbook has been lost/misplaced.
Please process the withdrawal and issue a new passbook for my account. I would prefer to receive the funds as [Check/Cash].
I understand there may be a fee for replacing the passbook, and I am prepared to pay it.
Thank you.
Sincerely,
[Your Signature]
[Your Typed Name]
Sample Letter 16: Withdrawal Request Due to Relocation
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Bank Name]
[Bank Address]
Subject: Savings Account Withdrawal Request – Relocation
Dear Sir/Madam,
I am writing to request a full withdrawal from my savings account with account number [Your Account Number] as I am relocating.
Please close my account and issue a check for the total remaining balance, including any accrued interest, payable to [Your Name]. Please mail the check to my new address: [Your New Address].
Thank you for your services over the years.
Sincerely,
[Your Signature]
[Your Typed Name]
Conclusion
Using these sample letters as templates, you can efficiently communicate your savings withdrawal requests to your bank. Remember to personalize each letter with your specific details and review it carefully before sending. By taking the time to write a clear and concise letter, you can ensure a smooth and hassle-free withdrawal process.
