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An Authority Letter For Bank Statement is a crucial document in Philippine banking operations that enables account holders to authorize their banks to release statement information. This document is commonly required when individuals or organizations need to prove their financial status for various purposes such as visa applications, loan applications, audit requirements, or tax documentation. The letter must be carefully drafted to comply with Philippine banking regulations, particularly the Bank Secrecy Law and Data Privacy Act, which strictly govern the confidentiality of bank deposits and personal information. The document typically specifies the account details, time period for the requested statements, intended recipient, and purpose of the request. It serves as the bank's protection against unauthorized disclosure while providing account holders with a formal means of accessing their banking information.

1. Letter Header: Date, bank's name and address, proper salutation

2. Account Holder Information: Full name, address, contact details, and account number(s) of the account holder

3. Purpose Statement: Clear statement of the purpose for requesting the bank statement

4. Authorization Statement: Explicit authorization for the bank to release the requested information, including reference to Bank Secrecy Law waiver

5. Statement Period: Specific time period for which the bank statement is requested

6. Recipient Details: Information about who is authorized to receive the bank statement

7. Validity Period: Duration for which the authority letter remains valid

8. Signature Block: Account holder's signature, printed name, and date of signing