Authorization Letter For Bank: An authorization letter is a document that is written by a person to give the authority to the other person to perform a particular task. It’s a legal document which allows a person to do a specific task that is not allowed to do ordinarily. Authorization Letter for Bank is a letter basically written to the bank by the owner or the signatory of the account.
This letter is written for asking for the permission of bank management, to authorize another person to use the account of an applicant. Our site provides you with the Authorization Letter for a bank that can you can download and print this letter whenever you want.
Sample Authorization Letter For Bank
This letter consists of every detail about the account holder or the other person who is getting the authority to operate the account as well. Forgiving power of attorney to a legal person, you should indicate your personal information in the letter, indicate surnames, forenames, and addresses of the authorized person.
This letter should be typed in a proper business letter format and never hand-written as it is a legal document. It should follow legal guidelines, each party should have the proof of when it was received and sent. This letter should be short and precise. It should not have any room for confusions and misinterpretations. The Authorization letter should depict: Beginning and ending dates of authorization, Reasons for authorization and Duties of the authorized person.
Sample Authorization Letter For Bank Transactions
There are three parties involved in this letter who is written by the first party to the second party and explains the authorities of the third party. The third party can be an individual, corporation or any separate entity. The party is reliable for every action the third party does under the authorization letter for Bank Deposit/Withdrawal. People use authorization letters to give authorities to their trustworthy friends or relatives, in case of emergency.
You can write a letter of authorization by following the simple steps:
STEP 1- Write your name and address on the top left side
You should follow the standard format of the business letter. You should always write your name on the first line. You remember that all lines should be single spaced.
STEP 2- Mention the date.
After writing about your city name ZIP code, skip one line and write the current date in the next line. Always write the full date.
STEP 3- Authorized person’s name and details
You are required to include the details about the person to whom You are giving the authority to act on behalf of you in your absence. Write his/her name and full address.
STEP 4- Write the salutation
After the letterhead, now come to the body. You should write salutation using appropriate titles such as Mr., Mrs.
STEP 5- Mention duties, reasons, and dates
In this step, you are supposed to mention all the duties which are to be performed by the person whom you are granting authority. Always remember that this part should be short and precise to avoid misinterpretations. Along with duties, you have to mention that why are you assigning the duties to the representative. You have to mention the beginning and the ending date of the authorization.
STEP 6- Finalize the letter
End the letter with a closure like sincerely, thankfully and so on. After that, leave four lines for your signature, then write your full name underneath your name.
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