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1. Bank Details: Full name and address of the bank branch where the account is maintained
2. Account Information: Account number, type of account, and account holder's details
3. Authorized Signatory Details: Complete information about the person being authorized including full name, designation, ID number
4. Scope of Authority: Clear specification of the signing powers being granted (e.g., cheques, transfers, applications)
5. Duration of Authority: Period for which the authorization is valid
6. Declaration: Statement confirming the authorization and accepting responsibility for transactions
7. Authentication: Signatures of current authorized signatories/account holders with date
1. Transaction Limits: Specify if there are any monetary limits on transactions the authorized person can perform
2. Joint Signature Requirements: Include when transactions require two or more signatures
3. Special Instructions: Any specific conditions or restrictions on the authority
4. Corporate Resolution Reference: Include for corporate accounts, referencing the board resolution approving this authorization
5. Specimen Signature: Section for the new authorized signatory's specimen signature if required by bank
1. Identity Documents: Copies of ID cards/passports of both current and new authorized signatories
2. Board Resolution: For corporate accounts, copy of board resolution authorizing the change
3. Specimen Signature Card: Bank's standard specimen signature card filled out by new signatory
4. Existing Mandate: Copy of existing account mandate or previous authorization letter
Scope of Authority
Duration
Specimen Signatures
Identity Verification
Transaction Limits
Joint Authorization Requirements
Representations and Warranties
Indemnification
Revocation
Compliance with Banking Laws
Account Details
Notice Requirements
Authentication
Supporting Documentation
Banking and Financial Services
Corporate
Small and Medium Enterprises
Retail
Manufacturing
Healthcare
Education
Technology
Construction
Professional Services
Non-Profit Organizations
Government and Public Sector
Finance
Accounts
Treasury
Administration
Operations
Legal
Corporate Secretariat
Executive Management
Compliance
Risk Management
Chief Financial Officer
Finance Manager
Accounts Manager
Company Secretary
Managing Director
Chief Executive Officer
Financial Controller
Treasury Manager
Administrative Manager
Operations Director
Business Owner
General Manager
Finance Director
Accountant
Office Manager
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