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Authorization Letter For Card Giving Permission for Philippines

Authorization Letter For Card Giving Permission Template for Philippines

A formal authorization letter governed by Philippine law that grants specific permission to a designated individual to use the card owner's credit, debit, or ATM card. The document complies with Philippine banking regulations, particularly Republic Act No. 8791 (The General Banking Law) and BSP Circular No. 1048, and includes necessary safeguards to protect both the card owner and the authorized user. It details the scope of authorization, duration, and specific conditions while incorporating required elements such as witness signatures and notarization as per Philippine legal requirements.

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What is a Authorization Letter For Card Giving Permission?

The Authorization Letter For Card Giving Permission is a crucial document in Philippine banking and financial transactions that enables card owners to legally delegate the use of their cards to trusted individuals. This document becomes necessary in situations where the primary cardholder cannot personally conduct transactions but needs to authorize a specific person to use their card, such as during medical emergencies, overseas travel, or when supporting dependent family members. The letter must comply with Philippine banking regulations, including the General Banking Law and BSP guidelines, and typically requires notarization to be legally binding. It includes detailed information about both parties, specific card details, authorization scope, and duration, while incorporating necessary security measures to prevent misuse.

What sections should be included in a Authorization Letter For Card Giving Permission?

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

2. Recipient Details: Full name and address of the bank/institution to whom the authorization letter is addressed

3. Subject Line: Clear indication that this is an Authorization Letter for Card Usage

4. Card Owner Information: Complete details of the card owner including full legal name, address, contact information, and valid government ID numbers

5. Authorized Person Information: Complete details of the person being authorized including full legal name, address, contact information, and relationship to the card owner

6. Card Details: Specific details of the card(s) including card type, last 4 digits of card number, and issuing bank

7. Scope of Authorization: Clear specification of what actions are being authorized (withdrawal, purchase, etc.) and any applicable limits

8. Duration of Authority: Specific time period for which the authorization is valid

9. Declaration of Sound Mind: Statement that the card owner is of sound mind and is giving authorization without duress

10. Signature Block: Space for signatures of the card owner, authorized person, and witnesses

What sections are optional to include in a Authorization Letter For Card Giving Permission?

1. Special Instructions: Any specific instructions or restrictions for card usage, included when there are particular limitations or conditions

2. Emergency Contact: Additional contact information in case of emergencies, included when the authorization is for extended periods

3. Revocation Clause: Specific conditions under which the authorization may be revoked, included when the authorization is for longer periods or high-value transactions

4. Foreign Travel Declaration: Statement authorizing foreign transactions, included when the card may be used internationally

What schedules should be included in a Authorization Letter For Card Giving Permission?

1. Copy of Card Owner's ID: Photocopy of valid government-issued ID of the card owner

2. Copy of Authorized Person's ID: Photocopy of valid government-issued ID of the authorized person

3. Specimen Signature Card: Document containing specimen signatures of both the card owner and authorized person

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Sector

Banking

Cost

Free to use
Relevant legal definitions


















Clauses


















Relevant Industries

Banking

Financial Services

Retail

E-commerce

Travel and Tourism

Healthcare

Education

Professional Services

Insurance

Corporate Services

Relevant Teams

Legal

Compliance

Customer Service

Operations

Risk Management

Document Processing

Retail Banking

Account Management

Transaction Processing

Fraud Prevention

Relevant Roles

Bank Branch Manager

Compliance Officer

Legal Counsel

Customer Service Representative

Personal Banking Officer

Risk Management Officer

Operations Manager

Financial Advisor

Account Manager

Document Control Specialist

Retail Banking Officer

Transaction Processing Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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