Letter from the bank, informing a customer about Expiry of an Overdraft Facility

Letter from the bank, informing a customer about Expiry of an Overdraft Facility.

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To

Mr…………………(Name)

Address

Dear Sir

Sub : Expiry of the overdraft facility

This is to inform you that the overdraft facility granted to you on your current account is expiring on date……………. We shall appreciate if you arrange to get the overdraft amount deposited before date………………….

However, if you are interested in renewing the overdraft facility, kindly submit a fresh application for the purpose.

Please note that in case you do not deposit the overdraft amount upto date……………, the bank will charge a penal interest @ 2% p.a. on the balance outstanding and bank may also initiate legal action for the recovery of the dues at your own cost and expenses.

Please cooperate.

Yours faithfully

Your Name