Bank Account Transfer Application: Format, Sample and How to Transfer Bank Account to Another Branch

You may need to shift your location from your current one to a new address for various reasons. Under such circumstances, one of the most important things you need to do is to transfer your bank account to a branch at your new address. 

Although you can do all the normal transactions like making deposits, withdrawing money, etc., from any branch, you will have to visit the bank branch where you have opened the account for the locker facilities, availing loans, dormant account activations, etc. 

Thus, transferring your bank account to a place nearer to your home/work makes it more convenient for you to complete any bank work that requires visiting your bank.

So, if you are shifting to a new location, filing a bank account transfer application is a must. Keep reading to learn more.

Bank Account Transfer Application

A bank account transfer application is a formal letter usually written to the bank branch manager to transfer your existing bank account to a new branch. There is a specific format you need to maintain while framing this application, along with providing the necessary documents. 

Reasons for Bank Account Transfer

You may need to file a bank account transfer application when you move to a new location for the following reasons:

• Relocation of your/your spouse’s job location.
• Pursuing educational courses. 
• Personal or family-related reasons like marriage, childbirth, etc.  
• Medical reasons.    

Bank Account Transfer Application Format

A transfer bank account application format contains the following details:

• Sender’s address
• Date 
• Bank’s address
• Subject
• Salutation
• Main body
• Closure and signature
• Contact number
• Attachments 

Bank Account Transfer Application Sample

The sample application for account transfer due to relocation is as follows: 

Application for account transfer due to job change

Application for account transfer due to relocation

How to Write an Application for a Bank Account Transfer?

Here is how you write an application for transferring your bank account to another branch:

• Begin with a formal salutation

Address your application to the branch manager by using ‘To Whomsoever It May Concern’ or ‘Dear Sir/Madam’. 

• Add your personal and bank account details

Provide your bank name, branch name, account type, account number, and present branch address. You also need to provide your personal details like name, residential address and contact number. Additionally, you must state any standing or ECS instructions currently active in your bank account. 

• State your reason for the transfer and its details

Write in brief about why you are requesting a bank account transfer. Also, you need to provide the new branch’s name, address, transfer date and other details.  

• Inquire about any related fees

Request the bank to inform you of any associated fees with the transfer and if it can be deducted from your account. Furthermore, ask about the estimated time in which the whole process may be completed.  

• Close your letter

Close your letter by thanking the bank for their co-operation and signing your name.

Documents Required for Transfer Bank Account to Another Branch

Listed below are the documents you need to submit along with your bank account transfer application:

Note – You may need to update or resubmit your KYC documents like identity proof, recent passport-sized photographs and address proof.  

Step-By-Step Guide to Transfer a Bank Account to Another Branch

Here are the steps that you need to follow to transfer your bank account to another branch:

Step 1 – File a bank account transfer application 

You need to submit a written bank branch transfer application to your home branch (the old one) or the new branch. It should contain your present branch name, account number, the new branch's name and the reason why you are requesting a branch transfer.  

Step 2 – Surrender your cheque book and passbook 

You must submit your cheque book, any unused cheque leaves and passbook to your home branch.  

Step 3 – Submit the necessary documents

Submit all the necessary documents along with your bank branch transfer application. If there is a change in your mobile or landline number, it should be mentioned in the application as well. 

Hereafter, the home branch processes your application and closes your account. A new account is opened under your name at the new branch, and the balance from your old account is transferred there. 

After the account transfer is completed, you will receive your new account number, cheque book, and passbook. This whole process can take around 8 to 10 business days. 

Now, there are a few things you need to remember in this regard:

• Usually, there is no change in your customer ID. 
• As your account number will change, you need to update any existing standing or ECS instructions of your present bank account.

Now that you know the steps to write a bank account transfer application, always remember to keep the tone formal, try not to add any unnecessary information and end the letter with a thanking note. Additionally, recheck your account number, the current and new branch addresses and whether you have attested all the required documents.