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The Bank Transfer Authorization Letter is a crucial document in Malaysian banking operations, used when an account holder needs to formally authorize their bank to transfer funds to another account. This document is essential for ensuring secure and properly authorized banking transactions in compliance with Malaysian banking regulations, particularly the Financial Services Act 2013 and Bank Negara Malaysia requirements. It includes comprehensive details about the transfer, including the authorizing party's information, beneficiary details, transfer amount, and purpose. The letter serves as both an instruction and authorization document, protecting both the bank and the account holder by clearly documenting the transfer details and authorization. It's commonly used for both domestic and international transfers, one-time or recurring payments, and must contain specific elements required by Malaysian banking protocols.

1. Letter Date and Reference Number: Current date and any reference number assigned to the authorization

2. Bank Details and Branch Address: Complete details of the receiving bank branch including full address

3. Account Holder Information: Full name, account number, and contact details of the person authorizing the transfer

4. Transfer Details: Specific amount, currency, and purpose of the transfer

5. Beneficiary Information: Complete details of the recipient including full name, account number, and bank details

6. Authorization Statement: Clear statement authorizing the bank to execute the transfer

7. Signature: Legal signature matching bank records