Document background
The Authorization Letter Bank Account is a critical document used in Denmark when an account holder needs to delegate banking authority to another person or entity. This document becomes necessary in various situations, such as when business owners delegate financial responsibilities to employees, when individuals require assistance with banking matters due to travel or illness, or when companies need to authorize specific personnel to handle corporate accounts. The letter must comply with Danish banking regulations, including the Financial Business Act and Anti-Money Laundering requirements, while also adhering to GDPR data protection standards. It typically includes detailed information about the grantor and grantee, specific powers being delegated, account details, duration of authority, and any limitations on the authorization scope. The document serves as a legal record of the delegation of banking authority and is recognized by Danish financial institutions as a formal instrument for granting account access.
