Overdraft facility is used by a number of individuals to promote and protect their business. In case of a successful outing, one may require extension of overdraft facility for meting targets. A letter can be written to the bank manger in this regard. This is a sample letter to the branch manager for allowing overdraft facility. The letter can be modified according to need and preference.
To
The Bank Manager
Bank Name
Bank Address
Subject: Extension for overdraft facility
Dear Sir/Madam,
I, (Your Name), am a current account holder in your esteemed bank bearing number (Account number). I would like to take the opportunity to inform you that the overdraft facility from your end has helped me to sail though the last six months in carrying out my business.
I am happy to announce that our business has not only met its target but is also growing with significant pace. In this regard, I would like to apply for extension of my overdraft facility for another six months. The due date for the end of the current overdraft facility is Date1.
The necessary fees can be deducted from my account. I am happy to oblige with any other formalities as required by the bank.
Thanking
you in advance.
Yours truly,
Your name
Your address
Date:
Place:
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