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Bank Recommendation Letters are essential documents in the New Zealand banking sector, providing formal verification of banking relationships and financial standing. These letters are commonly requested for various purposes, including visa applications, rental applications, business relationships, and employment verification. When drafting a Bank Recommendation Letter, banks must ensure compliance with New Zealand's regulatory framework, including the Reserve Bank of New Zealand Act 1989, Privacy Act 2020, and Anti-Money Laundering regulations. The letter typically includes information about the duration of the banking relationship, account conduct, and general financial standing, while maintaining appropriate confidentiality and professional standards. The scope and detail of information provided must be carefully considered to balance the recipient's requirements with the customer's privacy rights and the bank's risk management policies.

1. Letter Header: Bank's letterhead, date, reference number, and contact details

2. Recipient Details: Name and address of the organization or person to whom the letter is addressed

3. Subject Line: Clear indication that this is a Bank Recommendation/Reference Letter

4. Account Relationship: Duration and nature of the banking relationship with the customer

5. Account Standing: General statement about the customer's account maintenance and standing with the bank

6. Closing Statement: Professional closing with contact information for further inquiries

7. Authorized Signature: Signature block with the name, title, and contact details of the authorized bank officer