An Authority Letter For Bank Statement is a crucial document in German banking practices, required when an individual or entity needs to delegate the authority to access their bank statements to another party. This document is commonly used in situations involving tax preparation, audits, financial planning, or when the account holder is unavailable or unable to access statements directly. Under German law, particularly the Banking Act (KWG) and Data Protection Regulation (DSGVO), such authorization must be explicitly documented and properly executed. The letter includes specific details about the account holder, the authorized person, the extent of access granted, and the duration of the authority. It's particularly important in the German context due to strict banking privacy laws and the formal nature of banking relationships in Germany.

1. Date and Place: Current date and place of writing the letter (essential for legal validity)

2. Bank Details: Full name and address of the bank branch where the account is held

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

4. Authorized Person Details: Complete information about the person being authorized, including full name, address, and identification details

5. Account Information: Relevant account numbers and types, carefully specified without compromising security

6. Authorization Scope: Specific powers being granted regarding bank statement access and any limitations

7. Time Period: Clear specification of the duration for which the authorization is valid

8. Declaration and Signature: Formal declaration of authority and account holder's signature