If you wish to stop the ECS debit from the bank account then the first and the foremost thing that you need to do is to inform your loan provider about the same. There could be various reasons because of which you want to have the ECS payments stopped but the same needs to be provided in the ECS stop payment application letter to bank.
Shared below in this post is the template for the ECS stop payment application letter to the bank that can be customized and used if you are in such a situation.
From:
Richard Smith
54, Henry Villas
New York
Date: June 07, 2023
To,
The Branch Manager
New Era Banks
New York
Sub: Regarding stopping the ECS payment
Respected Sir/ Madam,
I, Richard Smith, maintain a loan account with your branch under the account number 123456. The purpose of writing this letter is to request you to kindly stop the ECS service that is activated to my bank account against the vehicle loan that I had taken on May 15th, 2023 bearing the loan application number 321654. As per the terms of the loan, on the 10th of every month, an amount of $ 180 gets debited from my account.
I request you for stopping the ECS with immediate effect because I have been doubly charged for the month of June 2023. For your reference, I have attached with this application letter my bank statement that reflects the double debit for the month of Jaue 2023.
For any more details or queries, feel free to contact me at 9898989898.
Regards,
Richard Smith
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