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The Authorization Letter For ATM Card Collection is a essential banking document used in the Philippines when account holders cannot personally collect their ATM cards from the bank. This situation commonly arises due to various circumstances such as physical inability to visit the bank, being overseas, or business commitments. The document must comply with Philippine banking regulations, particularly BSP guidelines and the General Banking Law of 2000. It typically includes comprehensive details of both the account holder and the authorized representative, specific card information, validity period, and necessary security features. The letter serves as a crucial security measure ensuring that ATM cards are only released to properly authorized individuals, thereby protecting both the bank's and the account holder's interests.

1. Date and Location: Current date and place where the letter is being executed

2. Bank Details: Complete name and address of the bank branch where the ATM card will be collected

3. Account Holder Information: Full name, address, contact details, and account number of the ATM card owner

4. Authorized Person Information: Full name, address, and valid ID details of the person authorized to collect the ATM card

5. Authorization Statement: Clear statement of authorization specifying the exact scope of authority being granted

6. ATM Card Details: Specific details of the ATM card being authorized for collection, including account type and last 4 digits if known

7. Reason for Authorization: Brief explanation of why the authorization is necessary

8. Validity Period: Specific timeframe during which the authorization is valid

9. Signature Block: Space for account holder's signature, name, and date