If you have joined a new company and for more convenience you want to have your savings account converted into a salary account then you must write a formal letter to the bank branch manager asking him to do this small conversion for you. This kind of letter will be short consisting of all the necessary details which will be required to process your request and name of the company that you have joined.
If you don’t know how to begin writing such a letter then use the format sample given below to create your personalized professional draft with all the required details.
Sample Letter to bank for converting savings account to salary account
22 B Block
Date: 04th June, 2015
The Branch Manager
ABC Finance Bank
52nd Harold Street
Sub: Regarding conversion of saving account to salary account.
I Jackie Brown, currently hold a savings A/C No.123-456-789 with your Harold Street Branch. I have joined XYZ Corporation Pvt. Ltd. and now I wish to continue my present savings account as my salary account with this new company.
Kindly make the request changes.
Thanking in anticipation
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HSA is a tax-free account that can be used by employees to pay for qualified medical expenses. Contributions do not have to be spent the year they are deposited.
Money in the account earns interest and accumulates tax free, so the funds can be used now and in the future.
If an employee leaves the job, he or she can take the account with him or her and continue to use it to pay for qualified healthcare expenses.
To be eligible for a Health Savings Account, an individual must be covered by a High Deductible Health Plan (HDHP), must not be covered by other health insurance (does not apply to specific injury insurance and accident, disability, dental care, vision care, long-term care), is not eligible for Medicare and can’t be claimed as a dependent on someone else’s tax return.