Document background
The Letter To Bank For Change In Authorised Person is a crucial document used when an organization or individual needs to modify signing authority on their bank accounts in Singapore. This document is necessary when current signatories leave the organization, when new appointments are made, or when there's a restructuring of signing authorities. It must comply with Singapore's Banking Act, MAS regulations, and individual bank requirements. The letter typically includes account details, outgoing and incoming signatory information, effective dates, and must be accompanied by supporting documentation such as board resolutions and identification documents.
