Document background
The Authorization Letter To Verify Bank Account is a crucial document in Indonesian banking practices, designed to facilitate secure third-party verification of banking information while protecting the account holder's interests. This document becomes necessary when external parties require confirmation of bank account details for various business or legal purposes, such as audits, due diligence, or regulatory compliance. Under Indonesian law, particularly Law No. 10 of 1998 on Banking and the 2022 Personal Data Protection Law, banks require explicit authorization from account holders before disclosing account information to third parties. The letter typically includes comprehensive identification of all parties involved, specific verification rights granted, temporal scope, and any limitations on the authorization. It must be properly executed, often requiring notarization, to be considered valid by Indonesian banking institutions.
