How to write a bank complaint letter

Letter format requesting bank to update residence address in its records Have you shifted your residence lately? Let your bank know of your move so it can communicate with you without problem. Send the bank a letter similar to the sample letter published here requesting it to update your new address in its records.

How to write a bank complaint letter

The link takes you to Canadahelps. The federal government released a policy paper on financial services at the end of Juneand introduced draft legislation in the form of Bill C on June 13,but Bill C was derailed by the fall federal election.

Collection of Free Sample Letters

In latethe federal government introduced Bill C which passed in April but it contained a couple of ineffective measures that only slightly increase bank accountability in Canada For details, see the CCRC's Analysis of Bill C The federal government has an ongoing review of the Bank Act -- so please let the government know you want Canada's banking law strengthened to prevent and penalize gouging and abuse of customers, businesses and communities by Canada's big banks.

In addition, the federal government has an ongoing public consultation process on the review process for bank mergers. Below are suggestions for pushing the government to close these gaps in your letter to Prime Minister Stephen Harper, Finance Minister Jim Flaherty, opposition party leaders, and your MP.

Also, it is very helpful if you include examples in your letter of poor service you have received from banks or other financial institutions. The federal government strengthened bank accountability by including some good measures Bill C-8 passed in June However, some key gaps were left that made it difficult to ensure banks and other financial institutions serve all Canadians fairly and well and use our money responsibly, and Bill C passed in did little to close these gaps.

I'm writing to urge you and the federal government to make the changes needed to ensure our big banks meet our needs, lend and invest our money responsibly, and remain Canadian-owned and controlled.

The following key changes must be made to ensure better Canadian big banks See details: Facilitate the creation of a Financial Consumer Organization FCO to help consumers as recommended by the Task Force on the Future of the Canadian Financial Services Sector and a House and Senate committee inand an Individual Investor Organization IIOby requiring banks and other financial institutions to enclose an FCO information pamphlet in their mailings to customers, and an IIO information pamphlet in their mailings to shareholders, with both pamphlets inviting people to join the watchdog groups at a nominal annual membership fee; Require banks and trust companies to provide detailed information on loans, investments and services to customers, as required in the U.

S to track whether banks are fairly meeting the needs of individuals and businesses on a community-by-community level and, as in the U.

Canadians have made it clear in every poll conducted over the past 15 years that they need, and want, better banks. Please close these gaps by passing a law to ensure that all financial institutions in Canada serve all Canadians fairly and well, use our money responsibly, and can be held accountable for poor lending, investment or service records.

And please do not let Canada's banks take over any other financial institution, or merge together, before you have set up the Financial Consumer Organization and Individual Investor Organization, and the strict bank lending, investment and service disclosure and evaluation system outlined above.

how to write a bank complaint letter

Please let me know what steps you are taking to introduce bills to close these bank accountability loopholes, to pledging in your party's election platform to close these loopholes. My vote in the next election will very much depend on your response.

I look forward to hearing from you. To see a summary of the IIO proposal, click here. To see details about the U. Email letters are not read as thoroughly, and are not as influential over policy-makers, as hand-written letters sent by mail or faxed.

So please, if you have the time, write a letter and send it by mail or fax to these two ministers.

Complaint Letters

OR send your letter by fax or email individually to:A Complaint Letter to Bank is written by a bank customer to complain about an issue which is unsatisfactory to him or her.

The customer writes to the bank’s customer complaint management division and expresses his or her dissatisfaction with whatever service of the Bank that the customer find unsatisfactory.

Here’s a sample letter to help you draft your own complaint about a product or service. Here’s a sample letter to help you draft your own complaint about a product or service.

Jump to Navigation. Federal Trade Commission Consumer Information. español. THE ADDRESSES Please send your letter for free (no postage necessary), to Prime Minister Stephen Harper, Finance Minister Jim Flaherty, Interim Liberal Party Leader Bob Rae, the NDP and Green Party Leader Elizabeth May, and your own MP.

Bank Name (Address) Dear Sir, I am holding a Savings Account in our bank vide no. _____ for the past four years. A product consumer complaint letter is written by an irate customer to the concerned authority in an organization to inform them about the poor performance of a product or to complain about the delivery of the defective/damaged good.

You could use this sample letter and these tips to write a complaint letter to send to the business or contact your local consumer protection office. If the business has a license to operate, you could contact the government agency that oversees licensing.

How to write an effective complaint letter | Consumer Information