The Letter of Authorization to Debit Account is a critical banking instrument used in Hong Kong's financial system to establish automated payment arrangements. This document is essential when an account holder needs to set up regular, automated payments from their bank account to specific beneficiaries, such as utility companies, insurance providers, or other service providers. The authorization letter must comply with Hong Kong banking regulations and typically includes detailed information about the account holder, the bank, payment specifications, and the beneficiary. It serves as a legal agreement between the account holder and the bank, authorizing regular debits while protecting both parties' interests under Hong Kong law. The document is particularly important in modern banking operations where automated payments are increasingly common for recurring financial obligations.

1. Date and Bank Details: Current date and full details of the bank branch where the account is held

2. Account Holder Information: Full name, address, and contact details of the account holder(s)

3. Account Details: Bank account number, type of account, and currency

4. Authorization Statement: Clear statement authorizing the bank to debit the account, including the purpose of the authorization

5. Payment Details: Specific amount or variable amount details, frequency of debits, and duration of the authorization

6. Beneficiary Information: Details of the party/organization to receive the payments

7. Terms and Conditions: Standard terms regarding the authorization, including cancellation procedures and bank's rights

8. Declaration: Statement confirming the accuracy of information and acceptance of terms

9. Signature Block: Space for account holder(s) signature, date, and witness if required