Here is a sample template you can use to write a HOA ACH Direct Debit Cancellation letter.
When it comes to your homeowners association (HOA), there may come a time when you need to cancel your automatic monthly payments (ACH Direct Debit).
Thankfully, this process is relatively simple.
If you’re a homeowner and your HOA uses ACH direct debit to collect payments from you, here’s a template to use when cancelling that service. This letter will help ensure that your cancellation is processed smoothly and without any penalty or extra fees.
Keep in mind that your HOA may have specific requirements, so be sure to check with them before submitting this letter.
Date
Dear [Name of HOA] Homeowners Association,
At this moment, I have my payment for account number [Account Number] automatically withdrawn from my [Type] account number [Number of Account].
I would like to cancel the automatic withdrawals, effective from this moment, and would also like to submit this letter as a written notification of termination of your company’s authorization to debit my account.
The last automatic withdrawal will be on [Date]. I appreciate your attention to my request.
Kind regards,
Name
Signature
Writing a cancellation letter to your Homeowners Association (HOA) can be a tricky task. After all, you don’t want to come across as uncooperative or difficult.
At the same time, you need to be firm and clear about your decision to cancel your ACH direct debit payments.
With that in mind, here are a few tips to help you write a polite and effective HOA cancellation letter:
1. Start by thanking the HOA board for their work in managing the community.
2. Explain your reasons for wanting to cancel your ACH direct debit payments. Be sure to mention any financial hardship or other extenuating circumstances that have led to your decision.
3. Indicate that you understand the possible consequences of cancelling your ACH payments, such aslate fees or interest charges. However, reinforce your decision by stating that you are unable to continue making regular payments at this time.
4. Thank the HOA board again for their understanding and cooperation. Wishing them continued success in managing the community.
Writing a cancellation letter doesn’t have to be complicated or stressful. By following these simple tips, you can ensure that your letter is both polite and persuasive – ultimately increasing the chances that your HOA will accept your cancellation request.
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