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1. Date and Place: Current date and location where the letter is being executed
2. Bank Details: Full name and address of the bank, branch information
3. Account Holder Information: Full name, address, and contact details of the account holder
4. Authorized Person Information: Full name, address, and contact details of the person being authorized
5. Account Details: Bank account number, type of account, and other relevant account identifiers
6. Scope of Authorization: Specific permissions being granted (e.g., deposits, withdrawals, account inquiries)
7. Duration of Authorization: Time period for which the authorization is valid
8. Declaration and Signature: Statement of authorization and signature of the account holder
1. Transaction Limits: Specific limits on transaction amounts or frequency, used when the account holder wants to set boundaries
2. Special Instructions: Any specific conditions or restrictions on the authorization, included when there are special requirements
3. Revocation Clause: Terms for revoking the authorization, included when the account holder wants to specify conditions for termination
4. Emergency Contact Information: Additional contact details for urgent situations, included when dealing with overseas accounts or complex arrangements
5. Joint Account Holder Authorization: Additional authorization details for joint accounts, included when the account has multiple holders
1. Identity Verification Documents: Copies of valid ID documents for both account holder and authorized person
2. Specimen Signature Card: Sample signatures of both the account holder and authorized person
3. Bank Account Statement: Recent bank statement showing account details and ownership
4. Power of Attorney: If applicable, supporting power of attorney document
5. Bank's Authorization Form: Any specific forms required by the bank for third-party authorization
Account Holder
Authorized Person
Authorization Period
Bank
Banking Day
Banking Services
Bank Account Details
Authorized Transactions
Specimen Signature
Transaction Limits
Valid Identification
Notice
Revocation
Force Majeure
Governing Law
Jurisdiction
Personal Data
Signatory
Supporting Documentation
Security Procedures
Online Banking Access
Authentication Methods
Authorized Instructions
Business Hours
Scope of Authority
Duration
Account Access
Transaction Limitations
Security Measures
Data Protection
Confidentiality
Revocation Rights
Indemnification
Force Majeure
Governing Law
Dispute Resolution
Notices
Authentication
Liability
Bank Rights and Obligations
Compliance
Signature Authority
Amendment
Termination
Banking and Financial Services
Legal Services
Business Services
Healthcare
Education
Real Estate
Retail
Tourism and Hospitality
Insurance
Investment Services
Professional Services
Non-Profit Organizations
Legal
Finance
Compliance
Operations
Administration
Treasury
Corporate Services
Customer Relations
Risk Management
Document Control
Wealth Management
Finance Manager
Account Manager
Legal Counsel
Compliance Officer
Banking Officer
Treasury Manager
Financial Controller
Company Secretary
Business Administrator
Power of Attorney Holder
Trust Manager
Operations Manager
Administrative Assistant
Personal Assistant
Branch Manager
Relationship Manager
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Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it