The Paperwork Banks Actually Require for Account Closure

Closing a personal savings account takes minutes. Closing a business current account is a different matter entirely - banks require formal, board-approved documentation before they will release funds and shut the account, precisely because multiple signatories and company liabilities are involved.

What Your Bank Will Typically Ask For

Most banks require a standard documentation package for business account closure:

• Board Resolution: A formal resolution passed by the board (or partners, for an LLP/partnership) explicitly authorizing the closure of the specific account and naming who is authorized to sign the closure request.

• Account Closure Form and Cheque Book/Cards: The bank's own closure form, submitted along with the unused cheque book leaves and any linked debit cards.

At Technocrat Oasis, we draft compliant board resolutions and closure letters tailored to your specific bank's requirements, avoiding the back-and-forth that delays most DIY closure attempts.