FREE
FREE

Bank Authorization Letter for account withdrawal

Free Download

Reviews

★★★★★
An authorization letter for bank transaction on their your bank account is a letter that is provided by the beneficiary to someone that they trust.

format:
Category: > Bank Letters



Overview

How do I write an authorization letter for a bank withdrawal?


An authorization letter (or power of attorney)
for bank transaction or operating your bank account, is a document that is provided by the beneficiary of a bank account, to a person that he/she trusts to handle a bank withdrawal or payment.

The letter is written addressed to the Bank, by the bank account holder, to allow the bank to let the person do transactions on the account. In our daily life, especially during busy times, we might not always be able to meet our commitments. In such a situation, it's very good if you have a colleague, friend, or family member that you can trust to help you out. In case you wish to grant such authority to a third party to manage your bank account, you must write a letter and send it to your banker.

In such a case, you should provide an authorization letter with the information of yourself, and the person that will collect the payment on your behalf. Besides this letter, you provide Identification information, such as a passport or ID card, of yourself and the individual that is authorized to collect the cash amount for your benefit. The archive must contain applicable data, incorporating your relationship with the individual, names, and addresses of the two players and marks. The letter should likewise incorporate the date of approval and the span. 

What to mention in your authorization letter?
 
This Bank Authorization Letter can be downloaded here directly, and contains the following information:

  • beneficiary/your official name and demonstrate other relevant details, like organization name, assignment,  address, contact details;
  • the individual's formal passport name, and address;
  • relationship between you and the person that collects the payment;
  • the specific payment amount(s) that will be collected;
  • the specific currency/currencies of the amounts;
  • expected date and time of collection of the amount;
  • duration: the letter must also include the date of authorization and the duration.
  • letterhead: head of your approval letter in company layout if necessary;
  • reason: Indicate why you can't gather the cash yourself.
  • "thank you for your collaboration." 
  • signatures.
  • provide the option to contact the beneficiary at any time.

Download this Bank Authorization Letter to operate a bank account on your behalf sample letter and you will see the collection will go smoothly. Good luck!


The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Bizzlibrary or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.



Reviews

No reviews yet

Full Specifications

File type
.docx
File size
0.01 MB
File language
English