Document background
The Permission Letter For Bank Account Opening is an essential document in Indonesian banking operations, commonly used when an individual or entity needs to authorize another party to open a bank account on their behalf. This situation often arises in various contexts, such as corporate account openings, overseas investors establishing local accounts, or when individuals cannot personally appear at the bank. The document must comply with Indonesian banking regulations, including Law No. 7 of 1992 as amended by Law No. 10 of 1998 on Banking and relevant OJK regulations. It typically contains detailed identification of all parties involved, specific authorizations granted, and necessary declarations ensuring compliance with anti-money laundering and know-your-customer requirements. The permission letter serves as a legal basis for the bank to process the account opening request and provides protection for all parties involved in the transaction.
