An Authorization Letter For Transfer Money To Another Account is a crucial document in Saudi Arabian banking operations, required whenever an account holder needs to authorize their bank to transfer funds to another account. This document is essential for both personal and business banking transactions in Saudi Arabia and must comply with the Saudi Central Bank (SAMA) regulations, anti-money laundering laws, and Islamic banking principles. The letter serves as a formal instruction to the bank and includes specific details such as the authorizer's information, beneficiary details, transfer amount, and validity period. It's commonly used for regular payments, business transactions, or personal transfers, and can be set up for either one-time or recurring transfers. The document must be properly executed according to Saudi banking requirements to ensure valid and secure fund transfers.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Date and Place: Current date and location where the letter is being executed
2. Bank Details: Full name and address of the bank branch where the account is held
3. Account Holder Information: Full name, ID/Iqama number, contact details, and current account number of the authorizing person
4. Authorization Statement: Clear statement of authorization for money transfer, including the specific amount or maximum limit authorized
5. Beneficiary Information: Complete details of the recipient including full name, bank account number, bank name and branch
6. Transfer Details: Specific amount, currency, and frequency (one-time or recurring) of the authorized transfer
7. Duration of Authority: Validity period of the authorization letter
8. Declaration: Statement confirming that the authorization is given freely and that the authorizer understands the implications
9. Signature: Space for account holder's signature and date
1. Purpose of Transfer: Used when the bank requires explanation of the transfer purpose for compliance with anti-money laundering regulations
2. Witness Details: Required if the bank specifically requests witness verification of the authorization
3. Special Instructions: Any specific conditions or instructions for the transfer, used when transfer has particular requirements
4. Translation: Dual language text (Arabic and English) if required by the bank or if the beneficiary is international
5. Power of Attorney Reference: Include when the authorization is being made by someone acting under a power of attorney
1. Copy of ID/Iqama: Attached copy of account holder's identification document
2. Specimen Signature: Official specimen signature as registered with the bank
3. Bank Account Statement: Recent bank statement showing the account holder's details and account number
4. Beneficiary Bank Details: Complete bank details including IBAN, SWIFT code if international transfer
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Corporate Services
Legal Services
Retail
Real Estate
Education
Healthcare
Construction
Manufacturing
Import/Export
Professional Services
Relevant Teams
Finance
Accounts Payable
Treasury
Legal
Compliance
Corporate Services
Banking Operations
Financial Control
Administrative Services
Risk Management
Relevant Roles
Finance Manager
Accountant
Treasury Manager
Financial Controller
Banking Relationship Manager
Compliance Officer
Legal Counsel
Company Secretary
Chief Financial Officer
Accounts Payable Manager
Finance Director
Banking Operations Manager
Corporate Services Manager
Financial Administrator
Business Owner
Find the exact document you need
Document Needed For Letter Of Authority
A comprehensive guide outlining required documentation and authentication processes for Letters of Authority under Saudi Arabian law.
find out more
Authorization Letter For Claiming Report Card
A Saudi Arabian compliant authorization letter enabling a designated person to collect a student's report card from an educational institution.
find out more
Application For Authorisation Letter
A formal request document used in Saudi Arabia to obtain official authorization or permission from relevant authorities, following Saudi legal requirements and administrative procedures.
find out more
Authorisation Letter To Act On My Behalf
A Saudi Arabian legal document granting specific powers to an agent to act on behalf of a principal, requiring notarization and compliance with local laws.
find out more
Authorization In Tagalog Letter
A legally-binding authorization letter written in Tagalog for use in Saudi Arabia, granting specific powers from one party to another while complying with Saudi legal requirements.
find out more
Authorization Claim Letter
A legal document under Saudi Arabian law authorizing a designated party to pursue or manage specific claims on behalf of another party.
find out more
Card Authorization Letter
A Saudi Arabia-compliant legal document authorizing a designated person to use a payment card on behalf of the card owner, subject to SAMA regulations.
find out more
Authorization Letter To Attend Seminar
A formal document under Saudi law authorizing an individual to attend and participate in a specific seminar or training event, including necessary permissions and authorizations.
find out more
Authorization Letter For Claiming Pension
A Saudi Arabian legal document authorizing a representative to claim pension benefits on behalf of a pension holder under GOSI regulations.
find out more
Request Letter On Behalf Of Someone
A formal letter used in Saudi Arabia where an authorized representative makes a request on behalf of another person, requiring proper authorization and compliance with Saudi legal requirements.
find out more
Collection Authorisation Letter
A Saudi Arabian law-governed document authorizing debt collection activities, compliant with both civil and Sharia law requirements.
find out more
Authorization Letter To Claim Remittance
A formal authorization document under Saudi Arabian law that enables a designated person to claim a remittance on behalf of another individual.
find out more
Authorization Letter For Parcel
A Saudi Arabian-compliant authorization letter enabling a designated person to collect or handle parcels on behalf of the authorizer.
find out more
Authorization Letter For Package Pick Up
A Saudi Arabia-compliant authorization letter enabling a designated person to collect packages on behalf of the authorizer, meeting local legal requirements and courier company protocols.
find out more
Authorization Letter For Claiming Check
A legal document under Saudi Arabian law that authorizes a specified individual to claim or cash a check on behalf of the check owner.
find out more
Claiming Authorization Letter
A Saudi Arabian legal document authorizing a representative to make and pursue claims on behalf of an individual or entity, subject to local law and Sharia principles.
find out more
Authorization Letter For Claiming Credit Card
A Saudi Arabian compliant authorization letter allowing a designated person to claim a credit card on behalf of the primary cardholder, subject to SAMA regulations.
find out more
Letter To Higher Authority
A formal communication document used in Saudi Arabia for addressing senior government officials and regulatory bodies, following specific protocols and Islamic traditions.
find out more
Clearance Authorization Letter
A formal document under Saudi Arabian law confirming that an employee has cleared all obligations and responsibilities with their employer prior to departure.
find out more
Partnership Authority Letter
A Saudi Arabian legal document delegating specific powers from one partner to another within a partnership, compliant with local commercial law and Shariah principles.
find out more
Letter Of Authorization Ups
A formal authorization document enabling UPS to handle shipping and logistics services on behalf of a company in Saudi Arabia, compliant with Saudi commercial and customs regulations.
find out more
Letter Of Authorization Means
A Saudi Arabian legal document granting specific authorization powers to act on behalf of another party, subject to local laws and Sharia principles.
find out more
Financial Authorization Letter
A Saudi Arabian-compliant document granting specific financial powers to a designated party, adhering to local banking regulations and Islamic finance principles.
find out more
Doctor Authorization Letter
A formal authorization document for medical professionals in Saudi Arabia, complying with SCFHS and Ministry of Health regulations, granting specific healthcare-related permissions.
find out more
Declaration Of Authorization
A Saudi Arabian legal document granting specific powers from a grantor to a representative, compliant with local law and Sharia principles.
find out more
Consent Authorization Letter
A Saudi Arabian legal document granting specific authorization or consent from one party to another, compliant with local laws and Sharia principles.
find out more
Authorization Letter To Process Lto Renewal
A Saudi Arabian legal document authorizing an individual or entity to process vehicle registration renewal on behalf of the owner.
find out more
Authorization Letter To Process Clearance From Work
A Saudi Arabian legal document authorizing a representative to handle work clearance procedures on behalf of an employee.
find out more
Authorization Letter To Process Bir Documents
A Saudi Arabian law-governed authorization letter enabling a designated representative to handle and process Bureau of Internal Revenue (BIR) documents.
find out more
Authorization Letter To Pick Up Cargo
A legally-binding authorization letter under Saudi Arabian law that permits a designated party to collect specified cargo on behalf of the cargo owner.
find out more
Authorization Letter To Claim Yearbook
A Saudi Arabian legal document authorizing a designated person to collect a yearbook from an educational institution on behalf of the rightful owner.
find out more
Authorization Letter To Claim UMID ID
A Saudi Arabian legal document authorizing a representative to handle matters related to the principal's Umid ID within the GOSI system.
find out more
Authorization Letter To Claim Tagalog
A Tagalog authorization letter under Saudi Arabian law that enables a representative to claim specified items or benefits on behalf of the authorizer.
find out more
Authorization Letter To Claim Passport Dfa
A legal document under Saudi Arabian law authorizing a designated individual to collect a passport from the Department of Foreign Affairs on behalf of the passport holder.
find out more
Authorization Letter To Claim Motorcycle Registration
A Saudi Arabian legal document authorizing a representative to handle motorcycle registration procedures with the Traffic Department (Muroor) on behalf of the owner.
find out more
Authorization Letter To Claim Land Title
A Saudi Arabian legal document authorizing a representative to handle land title claims on behalf of a property owner, compliant with local real estate laws and Sharia principles.
find out more
Authorization Letter To Claim Graduation Picture
A Saudi Arabian legal document authorizing a designated person to collect graduation photographs on behalf of a student from an educational institution.
find out more
Authorization Letter To Claim Car
A legal document under Saudi Arabian law authorizing a designated person or entity to claim and take possession of a vehicle on behalf of the owner.
find out more
Authorization Letter PWD
A Saudi Arabian legal document authorizing one party to act on behalf of another, drafted in compliance with local laws and Sharia principles.
find out more
Authorization Letter Money Claim
A Saudi Arabian legal document authorizing a designated party to collect monetary claims on behalf of the authorizer, compliant with local laws and regulations.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)