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Bank Account Statement Request Letter for Philippines

Bank Account Statement Request Letter Template for Philippines

A Bank Account Statement Request Letter is a formal document used in the Philippines to request historical account statements from a banking institution. The document must comply with Philippine banking regulations, particularly the Bank Secrecy Law (R.A. 1405) and Data Privacy Act (R.A. 10173). It serves as an official communication between the account holder and the bank, detailing specific requirements such as the account information, time period for the requested statements, and purpose of the request. The letter typically includes authentication elements and may require supporting documentation as per Philippine banking protocols.

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What is a Bank Account Statement Request Letter?

The Bank Account Statement Request Letter is an essential document used in Philippine banking operations when account holders need to obtain historical records of their transactions. This formal request is necessary for various purposes, including tax documentation, audit requirements, visa applications, or personal record-keeping. The document must adhere to Philippine banking regulations, including the Bank Secrecy Law and Data Privacy Act, which protect the confidentiality of bank deposits and personal information. Banks in the Philippines typically require written requests for statement issuance, particularly for statements dating back more than a few months. The letter serves as an official record of the request and helps ensure proper documentation and tracking of such requests within the banking system.

What sections should be included in a Bank Account Statement Request Letter?

1. Date and Bank Branch Details: Current date and complete details of the specific bank branch including address

2. Recipient Information: Branch Manager's name (if known) and title, or appropriate department head

3. Salutation: Formal greeting to the bank representative

4. Account Information: Full name as it appears on the account, account number, and type of account

5. Statement Request Details: Specific period for which statements are requested and format preferred (digital/physical)

6. Purpose Declaration: Brief explanation of why the statements are needed (may be required under Philippine banking regulations)

7. Contact Information: Complete contact details for follow-up communications

8. Closing and Signature: Professional closing, full name, and signature of the account holder

What sections are optional to include in a Bank Account Statement Request Letter?

1. Urgency Notice: Include when expedited processing is required, with justification

2. Third-Party Authorization: Required when someone other than the account holder will collect the statements

3. Delivery Instructions: Special instructions for statement delivery if not collecting in person

4. Multiple Account Details: When requesting statements for multiple accounts under the same name

5. Fee Acknowledgment: Statement of willingness to pay any applicable fees for the service

What schedules should be included in a Bank Account Statement Request Letter?

1. Valid ID Copy: Photocopy of government-issued ID of the account holder

2. Authorization Letter: If applicable, signed authorization for third-party collection

3. Previous Correspondence: Any relevant previous communication with the bank regarding the statement request

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

Document Type

Service Letter

Cost

Free to use
Relevant legal definitions















Clauses












Relevant Industries

Banking and Financial Services

Legal Services

Business Services

Retail

Manufacturing

Healthcare

Education

Technology

Real Estate

Non-Profit Organizations

Government Services

Professional Services

Relevant Teams

Finance

Administration

Compliance

Legal

Operations

Customer Service

Records Management

Treasury

Audit

Tax

Relevant Roles

Finance Manager

Accountant

Financial Controller

Business Owner

Administrative Assistant

Company Secretary

Compliance Officer

Bank Branch Manager

Customer Service Representative

Records Manager

Personal Assistant

Office Manager

Treasury Manager

Audit Manager

Tax Consultant

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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