Document background
An Authorization Letter to Claim Money in Bank is essential when an account holder needs to delegate the authority to withdraw or manage funds in their bank account to another person in Singapore. This document is commonly used when account holders are unable to personally conduct banking transactions due to travel, illness, or other circumstances. The letter must adhere to Singapore banking regulations and typically includes the account holder's details, authorized person's information, specific authorization scope, and validity period. It serves as a legal instrument recognized by Singapore banks and financial institutions for conducting authorized transactions.
