An Authorization Letter For Bank Withdrawal is a critical financial document used in Saudi Arabia when an account holder needs to delegate their banking withdrawal rights to another person. This document is essential for situations where the account holder cannot personally conduct banking transactions, whether due to travel, illness, or business commitments. The letter must strictly comply with Saudi Arabian banking regulations, including SAMA guidelines and Sharia law principles. It typically includes comprehensive details about the account holder and the authorized person, specific powers granted, transaction limits, validity period, and any special conditions. The document serves as a legal protection for all parties involved - the account holder, the authorized person, and the bank - while ensuring transparent and secure financial transactions within the Saudi banking system.

1. Letter Header and Date: Full name and address of the account holder (principal) and the date of the letter

2. Bank Details: Complete name and branch details of the bank where the account is held

3. Account Holder Information: Full legal name, ID/Iqama number, and contact details of the account holder

4. Authorized Person Details: Full legal name, ID/Iqama number, and contact details of the person being authorized

5. Account Information: Specific bank account number(s) for which authorization is being granted

6. Authorization Scope: Clear specification of the withdrawal powers being granted, including any transaction limits

7. Duration of Authority: Specific period for which the authorization is valid

8. Declaration of Sound Mind: Statement confirming the account holder is of sound mind and acting freely

9. Signature Block: Space for signatures of the account holder, authorized person, and witnesses