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The Authorization Letter To Withdraw Over The Counter is essential in situations where an account holder cannot personally conduct a bank withdrawal in the Philippines. This document becomes necessary in various circumstances, such as when account holders are overseas, physically incapacitated, or unable to visit the bank due to other valid reasons. The letter must conform to Philippine banking regulations, particularly BSP guidelines, and typically includes the full details of both the account holder and the authorized representative, specific withdrawal amount, account information, and validity period. It serves as a crucial tool in maintaining secure banking transactions while providing flexibility for account holders who need to delegate withdrawal authority. The document requires proper identification attachments and may need to be notarized depending on the amount involved or specific bank requirements.

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

2. Account Holder Details: Full name, address, valid ID details, and account number of the person giving authorization

3. Authorized Person Details: Full name, address, and valid ID details of the person being authorized to make the withdrawal

4. Authorization Statement: Clear statement of authorization including the specific amount to be withdrawn and account details

5. Transaction Details: Specific details about the withdrawal including amount in words and figures, bank name and branch

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