Bank Guarantee Cancellation / Release Request Letter Format

Bank Guarantee Cancellation / Release Request Letter Format

Subject: Back Guarantee Cancellation Letter
[Date]
[Recipient Name]
[Bank Name]
[Address]
Dear [Recipient Name],
[I, We] hereby request from [bank name] to cancel and release the bank guarantee number [BZS15981], which was given by [me, us] in accordance to our commitments to [vendor or supplier name], effective [some date].
Listed below are the bank guarantee details for your reference.
Bank Guarantee Reference Number: __________
Date of Issue: __________
Account Number: ________
Name of Beneficiary: __________
Beneficiary Account Number: _______
Thank you for your cooperation.
Sincerely,

Bank Guarantee Cancellation / Release Request Letter Format

Subject: Back Guarantee Cancellation Letter
[Date]
[Recipient Name]
[Bank Name]
[Address]
Dear [Recipient Name],
This letter is with reference to the bank guarantee number [123456] that was given on [some date] under account number [123456].
We would like to ask your bank to cancel / release the above mentioned guarantee effective [some date] and transfer the associated funds back to [my, our] account.
We appreciate your swift action on the matter. Enclosed with this letter are the bank guarantee details and other supporting document for your reference.
Thank you very much,
Sincerely,
Bank Guarantee Reference Number: __________
Date of Issue: __________
Account Number: ________
Name of Beneficiary: __________
Beneficiary Account Number: _______
Thank you for your cooperation.

Request Letter for Release, Return and Closing of Bank Guarantee

Subject: Release and Return of Bank Guarantee

[Date]
[Recipient Name]
[Bank Name]
[Address]

Dear [Recipient Name],

Your bank is currently holding an amount of [guaranteed amount] under our bank account [bank account number] provided to secure our obligations towards [bank or company name].

We hereby request from you to release of the guarantee and return / discharge the funds to our account and to make the above amount available for withdrawal.

Thank you very much,
Sincerely,
Bank Guarantee Reference Number: __________
Date of Issue: __________
Account Number: ________
Name of Beneficiary: __________
Beneficiary Account Number: _______
Thank you for your cooperation.

Sample request letter to bank to release, return, and discharge of guarantee and closing of account

Subject: Release and Return of Bank Guarantee

[Date]
[Recipient Name]
[Bank Name]
[Address]

Dear [Recipient Name],

On [some date], we agreed to secure funds with a value of [gurantee amount] as a guarantee towards [some committment] until our credit history meets the minimum requirements.

After your recent review of our credit facility, we would like to kindly request your bank to release, return and make the guarantee funds available for direct withdrawal from our account.

Thank you very much,

Sincerely,

Bank Guarantee Reference Number: __________
Date of Issue: __________
Account Number: ________
Name of Beneficiary: __________
Beneficiary Account Number: _______

Thank you for your cooperation.

How to Write Bank Guarantee Cancellation / Release Letter

1) Mention the date, the account number, and the amount of the guarantee.

2) Justify the reason(s) why you want to release / return the guarantee.

3) Request from the bank to cancel, release, return, refund, or discharge the funds.

4) Request for the funds to available for withdrawal or transfer.

5) Optionally request the closure / closing of the account.

6) List all necessary details pertaining to you, the guarantee and the account number.

Bank Guarantee Cancellation / Release Letter Format to Supplier or Vendor

Dear [Recipient Name],
This letter is to inform you that we have cancelled the bank guarantee that was handed out to you as part of our obligations in [project name or contract] and released the funds due to [some reason].
This action is pursuant with the terms and conditions outlined in our agreement and the guarantee itself.
Thank you very much for understanding.
Sincerely,




Bank Guarantee Cancellation / Release Request Letter Format