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Business Account Closure Form

The document is an account closure form for a business to close accounts with HSBC Bank. It provides instructions for closing accounts, transferring balances and transaction histories. It requires authorizing signatures to close accounts and transfer balances as instructed.

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0% found this document useful (0 votes)
452 views6 pages

Business Account Closure Form

The document is an account closure form for a business to close accounts with HSBC Bank. It provides instructions for closing accounts, transferring balances and transaction histories. It requires authorizing signatures to close accounts and transfer balances as instructed.

Uploaded by

vldgrc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Account Closure Form

IMPORTANT – Before completing this instruction, please be aware that:

® Your accounts can’t be closed with a debit balance outstanding. You may need to consider charges and interest that haven’t yet
debited when clearing any balance.
® If you hold a Commercial Card, you should clear any outstanding balance before instructing us to close your accounts and
make sure no future transactions or recurring payments are scheduled on these cards after the balance has been cleared. i
® If you only want to close a loan early, please don’t use this form. You should contact your Relationship Manager or Business
Telephone Banking to discuss early repayment options.
® If you’re closing your Business Current Account, you’re under no obligation to close any loan products you may have, unless we
advise you otherwise. You’ll need to make sure any repayments continue to be made.

Please complete all of the details below, then print, sign and return the form to HSBC, 51 Saffron Road, Wigston, Leicester,
LE18 4AG.

By not completing all sections, the closure of your account(s) may be delayed. If you prefer, you can print the form first and fill it in
by hand.

Section 1 – Business details


Business Name

Sort code and account number for the business:

Sort Code – –

Account Number

Section 2 – Full relationship closure


IMPORTANT – If you’re closing your full business relationship, you may have accounts or products that will incur financial
and/or other consequences from early closure. This will include products such as loans and fixed term savings products,
it’s essential you’re aware of the terms and conditions before deciding to close these accounts. i

Do you want to close all accounts, products and services, and no longer have
a relationship with HSBC in this business name? If yes, please tick this box:   

If you’ve ticked the box to confirm you want to close all accounts, products and services, please move to Section 4.

Section 3 – Closure of individual accounts


For the closure of specific accounts only, please provide the details of the account(s) to be closed:

Sort Code – – Sort Code – –

Account Number Account Number

Sort Code – – Sort Code – –

Account Number Account Number

If you want to close more accounts, please provide these details in Section 9.
2

Section 4 – Transfer of balances


IMPORTANT – As referenced above, please make sure all debit balances are cleared before instructing closure.
You can arrange re-payment of borrowing, from another HSBC account in the name of the business, on this form, but if repayment
needs to come from another source, this must be completed before submission of this form. Interest and charges being applied to
the account may not have been applied at the time of closure. You remain liable for these charges.

Let us know which HSBC account to use to clear any outstanding balances. Please make sure this instruction has been signed in
accordance with signing rules (business mandate where applicable), for the account:

Sort Code – –

Account Number

Standing Orders and Direct Debits


What do you want to do with any Standing Orders and Direct Debits? i

Cancel all (tick box)


or
Transfer all standing orders and Direct Debits to another HSBC account:

Sort Code – –

Account Number

If you want to cancel some Standing Orders and Direct Debits, and/or transfer some to another HSBC account, you can provide
these details in Section 10.

Transfer of balances
If you have money in your accounts, where would you like us to send it? i

Please be aware some payment methods will have a charge, further details can be obtained from our Business Price List which
can be found online at business.ciiom.hsbc.com/legal-information or if you bank with HSBC Bank plc in the UK, visit
business.hsbc.com/hbeu-terms-and-conditions. Any payment charges will be deducted from your remaining account balance.

Transfer to another account:

Beneficiary Name

Sort Code – –

Account Number
or
Transfer to an international account:  Denomination of currency:

Beneficiary Name

SWIFT BIC

IBAN

Branch Name

Address
3

Section 5 – Reasons for closure


Tick all that apply:

Service

Pricing

No longer using

Ceasing business

Opened in error

Change in circumstances (please add details below)

Other (please add details below)

Section 6 – Transaction history


Only complete this section if you’re closing a current account.

IMPORTANT – When we close your current account, we’ll send you a closing statement. We’re also required to send you up to
5 years’ worth of paper statements, for every current account you are closing – unless you tell us you don’t need them. We have to
do this within 10 working days of closing a current account, because of banking regulations. If you don’t want them, or would like
less than 5 years’ worth of statements, just let us know by answering the questions below.

If you say no, don’t worry, you can still get your transaction history going back five years from the date of account closure. So if you
change your mind, we’ll send you what we have. There’s no charge for opting into receiving the 5-year transaction history, regardless
of when you let us know you want them. We’ll charge you for additional requests of statements though, the charge per sheet is £1
with a maximum charge of £10.

Would you like your paper statements to be sent to you? i

No   Yes If yes, how many months would you like? (1-60)

Any accounts attached to an Online Banking platform will be closed and you’ll lose the ability to view your statements online.
4

Section 7 – Authorisation i

IMPORTANT – Partnership: if a partnership (other than a Limited Liability Partnership) is dissolved, all parties must sign the form.
For Limited Company/Limited Liability Partnership/Other accounts, authority to close an account must be signed in accordance
with the existing mandate.

Please close the accounts detailed within this instruction.

1) I/We confirm that all the above details are correct.


2) I/We understand that any account with a debit balance will not be closed until the balance has been cleared.
3) I/We authorise the accounts to be closed and balances transferred as instructed.
4) I/We understand that if this instruction has not been signed in accordance with the signing rules for these accounts (business
mandate where applicable), HSBC Bank Plc will not proceed with the instruction and a new instruction will need to be completed
(in accordance with the signing rules).

Authorised Signatory 1 Authorised Signatory 2

Name Name

Date D D MM Y Y Y Y Date D D MM Y Y Y Y
Authorised Signatory 3 Authorised Signatory 4

Name Name

Date D D MM Y Y Y Y Date D D MM Y Y Y Y

Section 8 – Further contact


We may need to contact you about your instruction, so let us know which authorised signatory from the above list you’d like
us to contact:

Contact 1
Name

Phone Number

Email Address

Contact 2
Name

Phone Number

Email Address
5

Account Closure Continuation Form

Section 9 – Additional accounts


For the closure of specific accounts only, please provide the details of the account(s) to be closed:

Sort Code – – Sort Code – –

Account Number Account Number

Sort Code – – Sort Code – –

Account Number Account Number

Sort Code – – Sort Code – –

Account Number Account Number

Sort Code – – Sort Code – –

Account Number Account Number

Sort Code – – Sort Code – –

Account Number Account Number

Sort Code – – Sort Code – –

Account Number Account Number

Section 10 – Standing Orders and Direct Debits


Beneficiary Name or Beneficiary Name or
Reference number Reference number

Cancel (tick box) Cancel (tick box)

or Transfer to: or Transfer to:

HSBC Sort Code – – HSBC Sort Code – –

Account Number Account Number


6

Beneficiary Name or Beneficiary Name or


Reference number Reference number

Cancel (tick box) Cancel (tick box)

or Transfer to: or Transfer to:

HSBC Sort Code – – HSBC Sort Code – –

Account Number Account Number

Beneficiary Name or Beneficiary Name or


Reference number Reference number

Cancel (tick box) Cancel (tick box)

or Transfer to: or Transfer to:

HSBC Sort Code – – HSBC Sort Code – –

Account Number Account Number

Beneficiary Name or Beneficiary Name or


Reference number Reference number

Cancel (tick box) Cancel (tick box)

or Transfer to: or Transfer to:

HSBC Sort Code – – HSBC Sort Code – –

Account Number Account Number

Accessibility
To find out more about our accessible services please visit ciiom.hsbc.com/accessibility or in the UK hsbc.com/accessibility.
Alternatively, you can ask at any of your local branches.

If you’d like this document in another format such as large print, Braille or audio, please contact
us on 03456 006 161.
BSL Video Relay Service is also available (Monday-Friday 8am-6pm, excluding Bank and Public Holidays) at hsbc.co.uk/accessibility.

business.hsbc.com/nbfi
business.ciiom.hsbc.com
HSBC Bank plc. Registered in England and Wales (company number: 14259). Registered Office: 8 Canada Square, London, E14 5HQ. Authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 114216).
HSBC Bank plc, Jersey Branch is regulated by the Jersey Financial Services Commission for Banking, General Insurance Mediation, Fund Services and Investment
Business. HSBC Bank plc, Guernsey Branch is licensed by the Guernsey Financial Services Commission for Banking, Insurance Intermediary and Investment Business.

In the Isle of Man, HSBC Bank plc is licensed by the Isle of Man Financial Services Authority.

Customer Information:
UK: Customer Service Centre, BX8 2HB.
Isle of Man: PO Box 20, HSBC House, Ridgeway Street, Douglas, Isle of Man, IM99 1AU.
Jersey: PO Box 14, St Helier, Jersey, JE4 8NJ.
Guernsey: 20-22 High Street, St Peter Port, Guernsey, GY1 2LB.

CMBLIT42 ©HSBC Group 2021. All Rights Reserved.

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