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A Demand Letter to Bank is a crucial document used when formal communication is required to address issues with a Canadian banking institution. This document is typically employed when informal attempts to resolve banking disputes have been unsuccessful, or when immediate formal action is necessary. It serves as an official record of the demand and can be an important precursor to legal proceedings. The letter must adhere to Canadian federal banking regulations and provincial consumer protection laws, making it essential to include specific details such as account information, clear demands, supporting evidence, and reasonable deadlines. Common scenarios requiring such letters include unauthorized transactions, account errors, service charges disputes, or breach of banking agreements. The document's formal nature helps establish a clear record of the demand and the bank's obligations to respond, while potentially avoiding the need for costly litigation.

1. Sender's Information: Full name, address, and account details of the person/entity making the demand

2. Bank's Information: Full name and address of the bank branch and department/person responsible

3. Account Reference: Relevant account numbers and identifiers

4. Issue Description: Clear and concise description of the problem or reason for the demand

5. Factual Background: Chronological summary of relevant events and previous communications

6. Legal Basis: Reference to relevant laws, regulations, or contractual terms supporting the demand

7. Specific Demand: Clear statement of what is being demanded (e.g., refund, correction, action)

8. Monetary Amount: Exact amount being demanded, if applicable, with breakdown

9. Timeline: Specific deadline for the bank to respond or comply

10. Consequences: Statement of intended next steps if demand is not met

11. Closing: Professional closing with contact information for response