The Bank Reference Letter for Account Opening is a crucial document in Pakistan's banking system, required when individuals or businesses seek to establish new banking relationships while maintaining existing ones. This document, governed by the Banking Companies Ordinance, 1962 and State Bank of Pakistan's Prudential Regulations, provides essential verification of a customer's banking history and financial conduct. It typically includes information about the duration of the banking relationship, account conduct, and general financial standing. The letter serves multiple purposes: it helps receiving banks meet their Know Your Customer (KYC) obligations, supports anti-money laundering compliance, and provides a professional assessment of the potential customer's banking relationship. This document is particularly important in Pakistan's banking sector where formal documentation and third-party verification are key components of the account opening process.

1. Letter Header: Bank's letterhead, date, reference number, and addressee details

2. Subject Line: Clear indication that this is a Bank Reference Letter for Account Opening

3. Account Holder Introduction: Full name, address, and identification details of the account holder

4. Relationship Confirmation: Duration and nature of banking relationship with the current bank

5. Account Status Declaration: Confirmation of account standing and typical account conduct

6. Financial Standing: General statement about the customer's financial reliability

7. Closing Statement: Standard disclaimer and contact information for further inquiries

8. Authorized Signatory: Name, position, and signature of authorized bank official