Are you looking for a Bank Standing Instruction Letter Sample to help you set up automatic payments or transfers from your bank account? Look no further! In this article, we provide examples of Bank Standing Instruction Letter Samples that you can use and customize to suit your needs.
What is a Bank Standing Instruction Letter Sample?
A Bank Standing Instruction Letter Sample is a document that you can use to authorize your bank to make automatic payments or transfers on your behalf. This letter is a convenient way to ensure that your bills are paid on time or that funds are transferred regularly without the need for manual intervention.
- Eliminates the need to remember payment due dates
- Reduces the risk of late payments and associated fees
- Ensures that funds are transferred promptly and accurately
- Provides a convenient and hassle-free way to manage your finances
Example of Bank Standing Instruction Letter Sample:
Dear [Recipient’s Name],
I am writing to request the setup of a standing instruction on my bank account [Account Number] to [Specify the purpose – e.g., make monthly utility bill payments, transfer funds to savings account, etc.].
The details of the standing instruction are as follows:
[Specify the amount to be paid or transferred]
[Specify the frequency of payments/transfers – e.g., monthly, quarterly, etc.]
[Specify the start date of the standing instruction]
I authorize [Bank Name] to debit my account for the specified amount and to make the necessary payments/transfers as per the standing instruction.
If there are any issues or changes to be made to the standing instruction, please contact me at [Your Contact Number] or [Your Email Address] to discuss further.
Sincerely,
Your Name
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