Bank Signature Authorization Letter Template for Indonesia

The Bank Signature Authorization Letter is a fundamental document in Indonesian banking operations that establishes and formalizes the relationship between an account holder and their authorized representatives. This document is essential when organizations need to delegate banking authority to specific individuals, when changing authorized signatories, or when updating signing powers and transaction limits. Under Indonesian banking regulations, particularly the Banking Law and OJK regulations, banks must maintain proper documentation of authorized signatories for security and compliance purposes. The letter includes comprehensive details about the authorized persons, their powers, limitations, and authentication requirements, serving as a crucial control mechanism for account access and transaction authorization.

1. Letter Header: Bank's name and address, date, reference number

2. Bank Branch Details: Specific branch where the authorization applies

3. Account Information: Account holder's name, account number, and type of account

4. Authorization Statement: Clear statement of authorization being granted

5. Authorized Signatories: Names, positions, and identification details of authorized persons

6. Signature Powers: Specific transaction limits and signing requirements (single/joint authority)

7. Duration of Authority: Validity period of the authorization

8. Account Holder's Declaration: Statement confirming the authorization and accepting terms

9. Authentication: Space for required signatures, company seal if applicable