Transparency in transactions is necessary for any bank to win the credibility of the customers. Bank transactions are monetary transactions and hence no bank can afford to keep any weak links in any of these. Every transaction needs proper documentation and hence you as an account holder have to go through a long official procedure and write quite a few letters to get things done.
Also if you want statement of bank, but cannot go to the bank for some reason, check our Authorization Letter for Bank Statement
Also Suppose you want to withdraw money from your bank account; but you cannot go the bank in person for some reason. You have to send someone on your behalf for this withdrawal. Here, the bank authorities will definitely ask that person his relation with the account holder and it might so happen that the bank refuses to give him money if the authorities don't trust the authenticity of your representative. In this case you are supposed to give that person a letter of authorization.
Such a letter is a proof of your permission given to the concerned organization to allow someone else to perform the official tasks on your behalf. Authorization letters are written to avoid any complications or controversies in the concerned transactions.
There is a particular way to draft an authorization letter. You are not supposed to use flowery language in such a letter. You should put facts in a simple and clear manner. However make sure that you use formal language throughout the letter and follow a particular standard format. Tell the intent of the letter at the outset, come to the point straightaway.
Here is one of the Authorization Letter to Withdraw Money on My Behalf
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James Holdings 57, New College Road London- BBND 1ZZ Contact No.: 8087437621 Savings A/c No: 9623554876 To,
Sub: Authorization letter in order to withdraw money Dear Sir, I, the undersigned hold a savings account with your bank with the account number 9623554876. I need to withdraw ₤20,000 from my account. However, I am suffering from influenza and not in a physical condition to come to the bank office and withdraw money on my own. Mine is not a joint account. I realize that the amount I want to withdraw is not a small one and the bank cannot hand over money to anyone else than me. I therefore hereby authorize my wife Mrs. Anne James Holdings to withdraw the above mentioned amount from my account. I hope this letter of authorization will prove the authenticity of my wife as my representative for withdrawing money. I am sure, you will do the needful. In case of any doubts feel free to contact me on my mobile given above. You can mail me on james@example.com Attached herewith is the photocopy of the doctor's prescription. Thanking you, Sincerely yours, James Holdings |
This is a sample authorization letter and you can use some of the sentences from this letter while drafting your own letter. Remember, don't write a lengthy letter. Do mention the personal contact number to avoid any unwanted circumstances and hand over the letter to the person whom you trust.
Related Authorization Letter Sample
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