Bank Account Closing Letter Pdf: Fill & Download for Free

Sorry for your loss. It must be difficult especially when you have these parasites chasing after you.First get some local legal advice, I’m from the UK and our laws will differ. I have a cousin near Atlanta, or at least that’s what I call her. She’s not a lawyer but she’s a good organiser.When my mum passed I was her executor and sole heir. As soon as I got the death certificate, I closed her bank account and got the balance transferred to mine. The whole estate was wound down in a couple of days and to be honest it was a great distraction from the wave of grieving I was going through.Then the debt collectors came after me. It was a simple process. I explained the situation, sent a PDF of the death certificate. Then they’d phone me and ask where their money was, then I’d tell them to #### ### (go away). They’d contact me again and I would threaten them with harassment proceedings and injunctive relief … then they really went away.Depending on local law, secured debt is attached to something physical. So maybe the car payments need to be made or the car goes. Unsecured debt is gone. The life insurance? Now, that’s a different thing, they should be paying funds rather than asking for them?Let me know how it goes.

This is not an easy question to answer because one would need to know the answer: “For what purpose?”For purposes of simply receiving and forwarding mail, you can use one of numerous “virtual mailbox” services in one of several states, such as USGlobalMail or ishopnmail, both of which are in Texas. That gives you a mailing address in a state without income taxes and from which you can ship things you purchased online. You can have things scanned and download .pdf files of your mail and/or do as I do, which is to periodically forward whatever is of value and have the junk thrown away.You will need a Mexican address to which things are forwarded, and Ishopnmail is one of those which has mailboxes in several major locations in Mexico, connected with your US address in Laredo, TX. Having anything forwarded to a Mexican street address is a crap shoot, with the notable exception of Amazon Mexico, and only then if you get the address perfectly correct.Everything that crosses the border to you (including mail) goes through Mexican customs and you pay hefty IVA taxes (aka VAT) on new and used online purchases. A way to get around that is to use “mules,” and there are numerous Facebook pages and bulletin boards where you can find strangers offering to hand carry things across borders in both directions.That also is a crap shoot, as to whether you will ever see your stuff, but sometimes you have to resort to desperate measures when you have (for example) something like a new debit card to replace one that was stolen or compromised. Getting banks to send those on an express basis is nearly impossible, and the standard first class US Postal Service mail to a Mexican address can take many months—if ever you do receive it.Meanwhile, you are stuck without access to your funds via an ATM. For this reason, you need to set up “linked” accounts in both countries. Charles Schwab and HSBC can do that for you. That way you can transfer funds received in your US bank account to your local Mexico bank account. You can also use some kind of bank transfer utility, such as Xoom, PayPal, Quick Pay by Zelle, etc. There again, some of those services require you to have a US address AND a US phone number.Having funds such as Social Security deposited directly to a Mexican bank account works fine, except that Social Security sends you a first class letter every year to your Mexico address, wanting the verification that you are still alive and well and living there….and you only have a limited amount of time to answer this wayward piece of mail before they put a freeze on your direct deposits.Though technically you are a resident of Texas (in my example of a virtual mailbox), you legally are really not. You can register to vote wherever your mailing address is in some states, but not in all states. The IRS may or may not allow you to call Texas your tax home, if in fact you are living full time in another country.For health insurance and other important residence-based services (premiums are based on your place of residence), it would be better to use the address of a close relative or friend in the US, if they are willing, rather than a virtual mailbox service. Insurors may choose to refuse or void your coverage retroactively if they discover your deception.Many banks in the US balk at allowing you to use your Mexico address, but most are OK with the virtual mailboxes for mail communications. Some banks (Bank of America, for example) requires you to have a legitimate residential address in the US, even if you use a virtual mailbox service for statements and other mail. I use a relative’s address.The harder thing to accomplish in this “sync everything” world is to try to use a Mexican phone number on any bank account or service requiring text messages for verification of your identity. US phone numbers are 10 digits and with the country code, Mexican numbers are 12 digits. You can use a Mexican number as your contact phone on your account with some major banks, but I haven’t found one that can TEXT you those pesky authorization and veritication codes. So use an email instead, if they give you the option of only one method of identity check, and/or maintain a US phone that you can check.

Strangely enough, index funds, treasuries, and other no-load mutual funds. Also, a large fraction of your money is likely going to be in restricted stock of the company you are employed by.One reason is that for compliance reasons you will find it extremely difficult to invest in anything that the bank does business in. If you are a high net worth investment banker, you will find it an extreme pain to put your money in a hedge fund, because any hedge fund is likely to to be doing some related transaction for which you have insider information.Even ETF's are going to be a minor pain in the rear end. You have to call compliance to get permission to trade. For ETF's its a rubber stamp, but it's an annoying rubber stamp.If you put your money in index funds or mutual funds, you don't have compliance issues.There are two other factors. One is that after spending all day at the office dealing with the financial markets, a lot of people in finance just don't want to deal with anything complex in their personal finances. The other is that people know what goes into the sausage.Just a few stories to give you an idea of the headaches that you have to deal with:1) you buy stock X with compliance permisson. A few months later the stock tanks. You call compliance to sell the stock X. No go. So you are sitting their watching your money disappear. Your mistake was when you bought stock X, you should have gotten clearance to put in a limit sell order. You can cancel the sell order.2) you get a new boss, and the boss calls you in your office frantically because she gets a letter from compliance. After you both look at the letter, you both calm down. It turns out that ever time you do a stock trade, your broker will send a record of that trade to your employer and the SEC. Compliance sends a record of your stock trades to your boss. The letter is just a "your employee has done these stock trades, please let us know if there is anything suspicious."3) you send in an end of year declaration of your accounts to compliance. Compliance calls you back. Apparently, there is an old account that you haven't traded in five years that you forgot about, and they were wondering why you didn't report it. You say that you honestly forgot, and compliance says "no problem, just send us a revised declaration." But this is a bit freaky, because you don't know what they know, so you have to disclose everything and follow the rules because you don't know when they are watching.Yes this is a good thing, but it's still a little freaky.4) You get mailboxes full of paper statements. Apparently there is some SEC regulation that says that your broker has to send you paper.And then the nightmare that you have in Hong Kong.....OK, in the US the broker electronically sends stuff to compliance and SEC. In Hong Kong, they tightened the rules last year. So compliance wants a copy of a statement from every single account that you and your wife have control over. This means tracking down all of the statements from US accounts, US retirement accounts, HK brokerage accounts, and scanning in paper documents. This ended up taking half a day of work each month.But can't the US broker just send over the information to compliance. No. US compliance doesn't talk to HK compliance. What if I didn't get a statement because I didn't make any trades. Well, I suppose we can make do with a download from your account. OK, here it is. No wait, that's a screen shot, we want a PDF file from the account history, but the website doesn't have account history. Oh wait, maybe if I print out the account balances with in PDF will that work. OK, I guess.And then next month, you get a call from compliance, asking you why you are sending the PDF file, and you mention that this was what they told you to do last month. Oh really, let me get back to you. I suppose that will do. OK can you please send me an e-mail saying that this is the acceptable format, so that next month we don't have to go through this again.And next month, you get a call from compliance. But you said that this was good. Oh no, we've changed the rules. We now want screenshots, and by the way, you didn't include a statement for account X, no I closed account X. Can you send us a screen shot confirming that account X has been closed. Well no, because I closed the account. I can give you the number of the broker. No we need a paper document.Hello, it's June 7. and we were wondering where the statements for May were. I haven't gotten them yet. I thought the policy was that I get the April statements in May and then send them to you in June. No, we need the May statements. OK, let me get them for you. Oh. I just called the broker, their cutoff date is June 3, and so they won't have the statements until next week, should I send all of the statements to you or should I wait. No we want all of the statements. Send us your latest statements.....Hello, compliance calling, it's July. We were wondering if you made a mistake. Some of your statements are from July and others are from June.ARRAGGGGHHHH!!!!!Hello compliance. Quick question. If I buy and sell physical gold and put it into my safety deposit box, do I have to send these statements to you. No. You will have to send us statements if you buy and sell paper gold or gold derivatives, but physical gold is not subject to compliance policy.OK, do I have to report if I put my money into CD's. No bank products are not covered by compliance policies. OK what about long term CD's. As long as it is bought through the bank, it's not subject to compliance monitoring. Any products that are bought through a brokerage is subject to monitoring. Even if it is a CD, yes. even if it is a CD.Thank you....After all of that, you just stop caring what you've put your money in, and you really stop caring about returns. Yes gold went down 20%, and you are getting 2% in a CD, but you aren't hitting your head with a hammer each month.The first thing that I did after I resigned from the bank was that I went out and bought an ETF and some stocks that I had wanted to buy for months.