Document background
The Zero Balance Confirmation Letter is a crucial document in Singapore's banking system, typically required during account closures, audits, or legal proceedings. It serves as official evidence that an account holds no funds or outstanding obligations at a specific point in time. Under Singapore's banking regulations and MAS guidelines, these letters must contain specific details including account information, holder details, and authorized signatures. The document is commonly used for audit compliance, legal documentation, loan applications, or when proving the completion of banking relationships.
