An Authorization Letter For Bank Account is a crucial document used in Malta when an account holder needs to delegate banking authority to another person or entity. This document is essential for situations where the account holder may be unavailable, incapacitated, or requires assistance in managing their banking affairs. The letter must conform to Malta's strict banking regulations, including the Banking Act and MFSA guidelines, and typically includes comprehensive details about the account holder, the authorized person, specific powers granted, and any limitations on those powers. It serves as a legal instrument that protects all parties' interests while facilitating necessary banking operations. The document is particularly relevant in business contexts, for power of attorney situations, or when managing accounts for elderly or overseas account holders.

1. Letter Header: Date, bank's name and address, and reference numbers if applicable

2. Account Holder Details: Full name, address, and contact information of the account holder

3. Account Information: Bank account number, type of account, and branch details

4. Authorized Person Details: Full name, address, ID/passport number, and contact information of the person being authorized

5. Authorization Scope: Specific powers and transactions being authorized (e.g., deposits, withdrawals, balance inquiries)

6. Declaration: Statement confirming the voluntary nature of the authorization and acceptance of associated risks

7. Signature Block: Space for account holder's signature, date, and witness signatures if required