An Authorization Letter For Bank Withdrawal is a critical financial document used when an account holder needs to delegate banking withdrawal authority to another person in Austria. This document is commonly required in situations such as business operations, personal absence, medical incapacity, or when managing affairs for elderly relatives. It must comply with Austrian banking regulations, particularly the Bankwesengesetz (BWG) and relevant provisions of the Austrian Civil Code (ABGB). The letter specifies the authorized person's identity, scope of authority, account details, and authorization period, while incorporating necessary security features and authentication requirements demanded by Austrian banking institutions. This document is essential for maintaining secure and legally compliant banking operations while allowing delegated access to financial resources.

1. Letter Header and Date: Includes the date, sender's details, and bank's details

2. Account Holder Information: Full name, address, contact details, and identification information of the account holder

3. Authorized Person Information: Full name, address, contact details, and identification information of the person being authorized

4. Account Details: Specific bank account information including account number, IBAN, and bank branch details

5. Authorization Scope: Clear specification of the withdrawal rights being granted, including any transaction limits

6. Duration of Authority: Specific period for which the authorization is valid

7. Signature and Authentication: Space for account holder's signature, witness signature if required, and any necessary authentication stamps