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The Authorization Letter for Bank is an essential document in Philippine banking practice that enables account holders to delegate banking responsibilities when they are unable to perform transactions personally. This document is commonly used in situations where business owners need to authorize employees, family members need to assist elderly relatives, or corporate entities need to designate specific representatives for banking transactions. The letter must comply with Philippine banking regulations, including the General Banking Law of 2000 and BSP guidelines, and typically requires notarization for validity. It should clearly specify the scope of authority granted, including whether it covers withdrawals, deposits, account inquiries, or other specific banking transactions. The authorization can be time-limited or indefinite, depending on the account holder's needs, and may be revoked at any time through proper notification to the bank.

1. Date and Place: Current date and location where the letter is being executed

2. Bank Details: Complete name and address of the bank branch where the authorization will be used

3. Account Holder Details: Full legal name, address, and contact information of the account holder/authorizer

4. Authorized Person Details: Full legal name, valid ID details, and contact information of the person being authorized

5. Account Information: Relevant bank account numbers and types, without compromising security

6. Scope of Authorization: Specific banking transactions and activities being authorized, clearly enumerated

7. Duration of Authority: Validity period of the authorization, including start and end dates if applicable

8. Signature Block: Space for account holder's signature, with name printed below

9. Attestation: Notary public section for document verification