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OCBC Child Development Account (CDA) Interbank GIRO Termination Form TERMINATION OF INTERBANK GIRO FOR OCBC CHILD DEVELOPMENT ACCOUNT (CDA) A. FOR TRUSTEE'S COMPLETION Date: Name of Approved Institution
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How to fill out termination of interbank giro:

01
Obtain the termination form: Contact your bank or visit their website to get a copy of the termination of interbank giro form. It is typically available online or can be obtained in person at a branch.
02
Fill in personal information: Enter your personal details such as your name, address, contact number, and account number. Ensure that the information provided is accurate and up to date.
03
Specify the giro details: Indicate the specific interbank giro that you want to terminate. This includes providing the relevant giro number or reference number, along with any other identification details requested on the form.
04
State the reason for termination: Depending on the form, you may be required to provide a reason for terminating the interbank giro. Some common reasons include closing the associated bank account, changing payment methods, or simply no longer needing the service.
05
Sign and date the form: Once you have completed all the necessary information, sign and date the termination form. Always verify that your signature matches the one on file with the bank to avoid any potential issues.
06
Submit the form: Return the completed termination form to the bank. This can be done either in person by visiting a branch or by following the instructions provided on the form for submission via mail or online.

Who needs termination of interbank giro?

01
Individuals closing their bank accounts: If you are closing your bank account and have an active interbank giro set up, you will likely need to terminate the giro to ensure that payments are no longer deducted from your closed account.
02
Businesses changing payment methods: In the event that a business is transitioning to a different payment method, such as direct debit or credit card payments, they may need to terminate any existing interbank giros to avoid duplicate or unnecessary payments.
03
Individuals or companies no longer requiring the service: If you or your organization simply no longer needs the interbank giro service, you may choose to terminate it to prevent any future transactions from taking place.
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Termination of interbank giro is the process of ending the automatic transfer of funds between banks.
The account holder or authorized signatory is required to file termination of interbank giro.
To fill out termination of interbank giro, the account holder must contact the bank and submit a written request to stop the automatic fund transfer.
The purpose of termination of interbank giro is to stop the regular transfer of funds between banks.
The termination of interbank giro must include the account details, reason for termination, and effective date of termination.
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