Authorization Letter To Claim ATM Card for Malaysia

Authorization Letter To Claim ATM Card Template for Malaysia

An Authorization Letter to Claim ATM Card is a formal document used in Malaysian banking operations that grants specific authority to a designated individual to collect an ATM card on behalf of the account holder. The document must comply with Malaysian banking regulations, particularly the Financial Services Act 2013 and Bank Negara Malaysia guidelines. It includes detailed identification of both the authorizer and authorized person, specific card details, and the scope and duration of the authorization. The letter serves as a legal instrument ensuring secure and authorized card collection while protecting both the bank's and account holder's interests.

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What is a Authorization Letter To Claim ATM Card?

An Authorization Letter To Claim ATM Card is a critical document in Malaysian banking operations that enables secure third-party collection of ATM cards. This document becomes necessary when account holders cannot personally collect their ATM cards due to various circumstances such as illness, travel, or other commitments. The letter must conform to Malaysian banking regulations and typically includes the account holder's details, authorized person's information, specific card details, and authorization period. Banks in Malaysia require this formal authorization to protect against fraudulent card collections and ensure compliance with Bank Negara Malaysia's security protocols. The document serves as both a security measure and a legal record of the authorization granted.

What sections should be included in a Authorization Letter To Claim ATM Card?

1. Letter Date and Bank Details: Current date and complete details of the bank branch where the letter will be presented

2. Authorizer Information: Full name, account number, identification details, and contact information of the card owner

3. Authorized Person Information: Full name, identification details, and contact information of the person authorized to collect the ATM card

4. Purpose Statement: Clear statement of authorization to collect the ATM card

5. Card Details: Specific details of the ATM card being claimed, including associated account number

6. Duration of Authorization: Validity period of the authorization

7. Signature Block: Space for authorizer's signature, name, and date

What sections are optional to include in a Authorization Letter To Claim ATM Card?

1. Reason for Authorization: Explanation of why the card owner cannot collect the card personally - include when required by bank or when circumstances need explanation

2. Special Instructions: Any specific instructions or limitations on the authorization - include when there are specific conditions

3. Witness Details: Information and signature of witness - include when required by bank policy or for additional verification

4. Emergency Contact: Alternative contact information - include when recommended for high-value accounts or as per bank requirement

What schedules should be included in a Authorization Letter To Claim ATM Card?

1. Copy of Authorizer's ID: Certified copy of card owner's identification document

2. Copy of Authorized Person's ID: Certified copy of authorized person's identification document

3. Proof of Account Ownership: Copy of bank statement or other proof of account ownership

4. Previous Card Details: Details of lost/stolen card if this is a replacement card collection

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Letter of Authority

Sector

Banking

Cost

Free to use
Industries

Financial Services Act 2013: The primary legislation governing banking and financial institutions in Malaysia, which provides the regulatory framework for banking services including ATM card issuance and related authorizations

Contracts Act 1950: Governs the basic principles of contract formation in Malaysia, ensuring the authorization letter meets legal requirements for a valid contract including offer, acceptance, and consideration

Personal Data Protection Act 2010: Regulates the processing of personal data in commercial transactions, ensuring proper handling of sensitive banking information and personal details in the authorization process

Bank Negara Malaysia Guidelines on Banking Services: Central bank regulations specifically dealing with banking operations and customer service requirements, including procedures for ATM card issuance and third-party authorization

Powers of Attorney Act 1949: While not directly applicable to all authorization letters, this Act provides relevant principles for delegating authority to another person to act on one's behalf

Islamic Financial Services Act 2013: Relevant if the banking services are provided by an Islamic bank, ensuring compliance with Shariah principles in banking transactions and authorizations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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