Cancel Securities Account — done in just a few minutes
Want to cancel your securities account or transfer it to another bank? LexiLetter automatically creates your legally compliant cancellation letter. Simply enter your account number and preferred option (closure or transfer), and our AI generates a properly formatted DIN 5008 letter — sign digitally and send directly.
Important Tips
- No notice period: securities accounts can be cancelled at any time
- Prefer account transfer over selling — saves taxes and transaction costs
- Open a new securities account before cancelling and request the transfer
- Fractional shares and foreign securities may need to be sold first (not transferable)
Notice Period
Securities accounts can be cancelled at any time without a notice period. A free securities transfer to another bank is guaranteed by law. When selling all securities, capital gains tax may apply.
Address
An Ihre Bank
How It Works
Describe
Describe in plain language what you want to write.
AI Creates Your Letter
Our AI generates a professional letter in DIN 5008 format.
Sign & Receive
Sign digitally and receive the finished PDF by email.
Frequently Asked Questions
What notice period applies to securities accounts?
Securities accounts can be cancelled at any time without a notice period. The closure takes place once all securities have been sold or transferred to another account. Open orders should be deleted beforehand.
Should I sell or transfer my securities?
A securities transfer is more tax-efficient, as no capital gains are realised and therefore no capital gains tax is incurred. Transfers between German banks have been free by law since 2004. Only sell if you want to dispose of the securities anyway.
What happens with fractional shares and foreign securities?
Fractional shares (e.g. 0.5 units) cannot be transferred and must be sold before account closure. Foreign securities may not be transferable depending on the custodian — clarify this in advance with the new bank.
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Cancel securities account
Want to cancel your securities account or transfer it to another bank? LexiLetter automatically creates your legally compliant cancellation letter. Simply enter your account number and preferred option (closure or transfer), and our AI generates a properly formatted DIN 5008 letter — sign digitally and send directly.
Cancel securities account