Document background
The Company Authorisation Letter For Bank Account Opening is a crucial document required when establishing banking relationships in England and Wales. It is typically needed when a company is first incorporating, opening additional accounts, or changing authorized signatories. The document demonstrates proper corporate governance and compliance with Companies Act 2006 requirements, while satisfying bank due diligence processes. It contains specific details about the company, the chosen bank, authorized individuals, and their respective powers, serving as a formal record of the company's banking mandate.
