Authorization Letter For Bank Account Template for Switzerland

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Key Requirements PROMPT example:

Authorization Letter For Bank Account

I need an Authorization Letter For Bank Account under Swiss law that allows my Chief Financial Officer to manage all our corporate accounts while I'm on medical leave from March 2025 to September 2025, with full transaction rights but a monthly spending limit of 500,000 CHF.

Document background

An Authorization Letter For Bank Account is a critical document in Swiss banking operations that enables account holders to delegate specific banking powers to trusted representatives. This document is particularly relevant when account holders need to authorize others to conduct banking transactions, access account information, or manage financial affairs on their behalf. Under Swiss banking regulations, including the Federal Banking Act and FINMA directives, such authorization letters must meet strict requirements for validity and security. The document is commonly used in situations involving business operations, extended travel, illness, or other circumstances where direct account management by the account holder is impractical. It must clearly specify the scope of authority, duration, and any limitations to protect both the account holder's interests and ensure compliance with Swiss banking regulations.

Suggested Sections

1. Header Information: Date, bank's name and address, account holder's details

2. Subject Line: Clear indication that this is a Bank Account Authorization Letter with reference to the specific account number

3. Authorizing Declaration: Clear statement from the account holder authorizing the appointed person

4. Authorized Person Details: Full legal name, address, identification details of the person being authorized

5. Scope of Authorization: Specific powers being granted (transactions, information access, etc.)

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

7. Account Details: Relevant bank account numbers and types covered by the authorization

8. Signature Block: Space for account holder's signature, witness signatures if required, and date

Optional Sections

1. Transaction Limits: Include when specific monetary limits need to be set for the authorized person

2. Special Instructions: Add when there are specific conditions or restrictions on the authorization

3. Revocation Clause: Include when specific conditions for revocation need to be stated

4. Joint Account Holder Authorization: Required when the account has multiple holders who need to authorize

5. Digital Banking Access: Include when authorization extends to online/digital banking services

Suggested Schedules

1. Identification Documents: Copies of identification documents of both the account holder and authorized person

2. Specimen Signature: Signature samples of the authorized person

3. Bank's Authorization Form: Standard bank forms that need to be completed alongside the authorization letter

4. List of Permitted Transactions: Detailed list of specific transactions or actions the authorized person may perform

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking & Financial Services

Corporate Services

Legal Services

Wealth Management

Private Banking

Business Services

International Trade

Healthcare

Education

Real Estate

Non-Profit Organizations

Retail

Relevant Teams

Legal

Compliance

Operations

Customer Service

Risk Management

Wealth Management

Corporate Banking

Retail Banking

Document Management

Client Relations

Financial Control

Administrative Support

Relevant Roles

Account Manager

Relationship Manager

Compliance Officer

Legal Counsel

Banking Operations Manager

Private Banker

Financial Advisor

Risk Manager

Branch Manager

Customer Service Representative

Treasury Manager

Corporate Secretary

Chief Financial Officer

Business Development Manager

Find the exact document you need

Authorization Note

A Swiss law-compliant document that formally delegates specific powers from one party to another, establishing legal authorization for representation or specific actions.

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Let's create your Authorization Letter For Bank Account

Authors

Alex Denne

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