The Authorization Letter for Bank is a crucial document in Swiss banking operations that enables account holders to delegate banking authority to trusted representatives. This document is commonly used when account holders need to authorize others to manage their banking affairs, whether due to business requirements, personal circumstances, or practical necessity. Under Swiss banking laws, particularly the Federal Banking Act and FINMA regulations, such authorization must be precisely documented and verified. The letter typically specifies the scope of authority granted, transaction limits, duration of the authorization, and any specific restrictions. It serves as a vital tool for both personal and corporate banking relationships, ensuring clear documentation of delegated banking powers while maintaining compliance with Swiss banking regulations and privacy laws.

1. Letter Header and Date: Bank's name, address, and current date

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

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

4. Scope of Authorization: Specific powers being granted (e.g., withdrawal limits, transaction types, account access level)

5. Duration of Authority: Time period for which the authorization is valid

6. Declaration and Signature: Formal declaration of authorization and required signatures with dates