When writing a request letter to set up standing instructions for automatic payments with a bank, be clear and polite. Start by introducing yourself and providing necessary information about your account and the payments you wish to automate. Clearly request the setup of standing instructions, explain the reason, and provide all required details. Always thank the recipient for their consideration. Avoid unclear language and ensure all necessary information is included.
Sample Letter: Request to Bank for Automatic Payments Setup
To,
The Branch Manager,
___________ (Name of the Bank),
___________ (Branch Address),
Date: __/__/____ (Date)
Subject: Request for Standing Instruction Setup for Automatic Payments
Respected Sir/Madam,
With due respect, I am _____________ (name), holding an account with your bank under the account number ____________ (mention account number). I am writing this letter to request the setup of standing instructions for automatic payments from my account.
I wish to set up automatic payments for the following purpose(s):
___________ (loan repayment/utility bills/credit card payment/insurance premium/school fees/subscription services/other)
___________ (home/personal/car/education/business/other)
The details for the standing instructions are as follows:
Payment Amount: ___________ (mention amount)
Payment Frequency: ___________ (monthly/quarterly/annually/other)
Start Date: __/__/____ (start date)
End Date (if any): __/__/____ (end date)
Beneficiary Name: ___________ (name of the beneficiary)
Beneficiary Account Number: ___________ (account number of the beneficiary)
Beneficiary Bank and Branch: ___________ (name and branch of the beneficiary’s bank)
The reason for setting up these automatic payments is ___________ (convenience/ensuring timely payments/avoiding late fees/other specific reason).
Attached herewith are the required documents to support my request. If you need any further information or wish to discuss this further, please contact me at __________ (contact details).
Thank you for considering my request. I shall be highly obliged for your kind assistance in this matter.
Yours sincerely,
___________ (Name)
___________ (Contact Number)
___________ (Address)