The Authorization Letter For Getting Money is commonly used in Singapore when an individual needs to delegate the authority to collect or withdraw money to another person. This document is essential when the authorizer cannot personally conduct financial transactions due to absence, illness, or other circumstances. It must include specific details such as the parties' information, transaction amount, validity period, and purpose, while complying with Singapore's banking regulations and personal data protection laws. The letter serves as legal evidence of the authorization and helps prevent unauthorized access to funds.
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1. Author Information: Full name, ID/passport number, address, and contact details of the person giving authorization
2. Recipient Information: Full name, ID/passport number, address, and contact details of the authorized person
3. Authorization Purpose: Clear statement of the specific purpose and scope of authorization
4. Transaction Details: Amount of money, account details, and transaction method
5. Validity Period: Start and end dates of the authorization
1. Witness Details: Required when the transaction amount exceeds certain thresholds or bank requirements
2. Special Instructions: Any specific conditions or limitations on the authorization
3. Emergency Contact: Alternative contact person in case of issues
1. Identity Proof: Copies of ID/passport of both parties
2. Bank Account Details: Account statements or bank verification documents
3. Power of Attorney: If authorization is given through a power of attorney
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