Document background
An Authorization Letter To Close Bank Account is a crucial document used when an account holder cannot personally close their bank account in Denmark and needs to delegate this authority to another person. This document is commonly required in situations such as overseas relocation, illness, or when managing business accounts through authorized personnel. The letter must comply with Danish banking regulations, including the Financial Business Act and Anti-Money Laundering requirements. It contains specific details about the account holder, the authorized representative, account information, and explicit instructions for the closure process and handling of remaining funds. The document serves as a legal protection for all parties involved and ensures proper documentation for the bank's compliance requirements.
