An Authorization Letter To Transfer Money To Another Account is a critical document in Pakistani banking operations that provides formal permission for moving funds between accounts. This document is essential when account holders need to authorize their bank to transfer money to another account, whether as a one-time transaction or on a recurring basis. It must comply with Pakistani banking regulations, including the Banking Companies Ordinance 1962 and Anti-Money Laundering Act 2010. The letter typically includes detailed information about the sender and recipient, specific transfer instructions, and necessary authorization signatures. It's commonly used in business transactions, personal transfers, and institutional payments where formal authorization is required for security and compliance purposes. The document serves as both a security measure and a clear record of the account holder's intentions regarding the transfer.

1. Sender's Information: Full name, address, contact details, and account information of the person authorizing the transfer

2. Bank Details: Complete details of the sending bank, including branch information

3. Recipient's Information: Full name, account number, and bank details of the recipient

4. Transfer Details: Specific amount to be transferred, currency, and purpose of transfer

5. Authorization Statement: Clear statement authorizing the bank to execute the transfer

6. Verification Elements: Signature, date, and any required witness signatures