So, do you probably want to close your account or transfer some money to your business partner, and you have been asked to write a fund transfer letter? This article is for you if you don’t know how to write a letter or start. Remember this; whenever you are writing a fund transfer request letter, you can either address the letter to the managing director of that bank or other assigned staff. Writing a letter doesn’t take much time or sweat; if you know the right words to say and the format to use, it will only take you a few minutes. Before you read about the formats of writing a fund transfer request letter or see few creative examples, why are you requesting. Most people request fund transfer when they want to transfer huge cash to someone outside your bank domain.
So, if you have been asked to write a fund transfer request letter and you do not know what fund transfer entails, keep reading this.
What is Fund Transfer?
- Fund transfer is the transmission of money electronically from one account or bank to another within or outside the same jurisdiction/branch. It has been in existence since the digital revolution took place and is the fastest means of sending money to anyone.
- Fund transfer is effortless and not restricted by location, so you can access money and transfer from your account no matter where you are. In this digital age, fund transfer is what many big firms, organizations, and businesses use to make business transactions without hindrances.
Why should you use fund transfer, and what are the benefits?
Fund transfer is the fastest means of transferring money from one account to another. If you seek a money transaction method free from hassles and delays, fund transfer is your best option.
The benefits include:
- Quick and Flexible: If you use fund transfer to transact or send money to someone far from your location, It will only take some minutes to process it and send it to the recipient. It is swift, effective, and doesn’t delay in the time of emergencies.
- Safe and Secured: Some methods of transferring money from one account to another aren’t safe or private; you might even lose your money in the process. Using a fund transfer method is safe and secure. You don’t have to worry about being scammed or losing your money. Immediately you submit the letter requesting a transfer and the bank processes it, it will only take a couple of minutes to get to the receiver.
- Affordable: You will only be requested to pay a token to get your transactions processed. This token is so small that you won’t feel it in your account, unlike other processes that will cost you some dollars.
Format of writing Fund Transfer Request Letter.
- Include your address and the recipient’s address at the top left corner of the letter.
- salutation; which could be the name of the recipient or Dear Mr/Mrs/Miss
- The subject of the letter.
- Introduction; this is the first opening of the letter before the body where you state your purpose for writing the letter.
- The body of the letter. Mind you, when you are writing the letter, you must use a professional/official language.
- The conclusion and regards (this part will also include your name).
Samples of Fund Transfer Request Letter
Sample #1
Alter Solomon
New Jersey
Date: 22/08/2018
To;
The Branch Manager
Western Union Bank PLC
Branch, Bridgetown
USA.
Subject: Request For Fund Transfer Of $25,800 From My Account Number 189052264 To Account Number 142006421
Dear Mr. Martins,
I am writing this letter to request a transfer fund. At this moment, I request that you transfer a sum of $25,800 (Twenty-five thousand eight hundred dollars) from my account with the number 189052264 and the name Alter Solomon to Account Number 142006421 with the name Benjamin Montana.
Please treat this letter as an emergency. I await your timely response.
Best regards
Alter Solomon,
(signature).
Sample #2
From;
Georgina Tina
Swedish Street,
Los Angeles.
June 23, 2004.
To:
The Branch Manager,
United Bank Ltd,
Los Angeles.
Subject: Request for fund transfer of $10,000 from my A/c. Number 143836 to A/c. No. 920657
I, at this moment, request that you transfer a total sum of $10,000 (Ten thousand) from my savings account number 143836 with the name Georgina Tina to my current account number 920657 with the name Georgina Tina.
Please process this transaction with immediate effect from your end.
Thank you for your time and consideration.
Sincerely,
Georgina Tina
signature.
Sample #3
From:
Brown Eunice
26 D Block
Saltana Apartments
California
Date: 27th July 2015
To:
The Branch Manager
XML Finance Bank
32nd Harold Street
New York
Subject: Request For Fund Transfer.
Dear Manager,
I am writing this letter to request a fund transfer of $2,850 (Two thousand eight hundred and 50 Dollars only) from my savings account to another savings account in the same branch.
Here are the details of both banks below.
Transfer from;
Bank account number: 123-786-954
Bank account name; Brown Eunice
Bank branch; New York
Transfer to;
Bank account name; Trinite Dasella
Bank account number; 555-738-234
Bank branch; New York.
I hope you will initiate and approve this transaction before the next 24 hours as it is an emergency.
Thank you for your time cooperation.
Your customer,
Brown Eunice
(signature.)
Sample #4.
(Your name)
(Your Address)
(Your city)
Date: dd/mm/yyyy
The Branch Manager
(Name of Bank)
(Address of Bank)
(City where the Bank is)
Subject; Request For Fund Transfer Of (amounts) from (your account number) to (the receiver’s account number).
I am writing this letter to officially request for fund transfer of (——-the amount) from my savings account number () with the name (your name has it is written on the account) to another account number () with the name (the receiver’s bank account name). I have filled the form for a transfer fund, which I got from one of the customer care service providers, and I have attached it with the letter. Thank you for your prompt response; please process this letter in 48 hours.
#attached
Yours faithfully
(your name)
(signature).
Go ahead and download these samples; all you have to do is change the amount and account details. Good luck with that.
Also read How to end an Email Like a Professional?
