Bank Account Authorization Letter Format
Description
How to fill out Bank Account Monthly Withdrawal Authorization?
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FAQ
Answer. The format of an authorization letter should include the date, the name of the person to whom it is addressed, details about the person who has been authorized (such as name and identity proof), the reason for his absence, the duration of the authorized letter, and the action to be performed by another person.
I hereby authorize ____________________ to act on my behalf in regards to financial transactions. This authorization is valid from the following dates: ____________________ to ____________________. This authorization is revocable by me at any time and for any reason.
An Authorization Letter allows you as an account holder to grant another trusted individual to perform banking transactions on your behalf. This letter, addressed to an institutional representative, allows the bank to know that the person holding the letter is operating with your permission.
How to Write an Authorization Letter Step 1: Write Your Name and Address. ... Step 2: Mention the Date. ... Step 3: Include the Recipient's Name and Address. ... Step 4: Write the Salutation. ... Step 5: Specify Duties, Reason, and Key Dates. ... Step 6: Finalize the Letter.
The letter should start with the sender's, date and receiver's address, followed by the subject, salutation and body explaining the reason behind the letter and the closure of the letter. Do not forget to add the details of the person who will be receiving the documents on your behalf.
