The Confirmation of Deposit Letter is a crucial document in South African banking practice, issued by financial institutions to provide formal verification of funds held in deposit accounts. This document is typically requested when account holders need to prove their financial standing or verify funds for various purposes such as visa applications, property purchases, or business transactions. The letter must comply with South African banking regulations, including the Banks Act 94 of 1990 and the Financial Intelligence Centre Act (FICA). It contains specific details about the deposit, including account information, balance confirmation, and relevant terms, all authenticated by an authorized bank representative. The Confirmation of Deposit Letter serves as an official bank record and may be required by various stakeholders including embassies, property agents, or auditors to verify the financial position of the account holder.

1. Bank Details and Letterhead: Official bank letterhead including bank name, branch, contact details, and registration numbers

2. Date and Reference: Current date and unique reference number for the confirmation letter

3. Account Holder Details: Full name, address, and identification details of the account holder(s)

4. Account Information: Account number, type of account, and branch code where the account is held

5. Deposit Confirmation: Specific details about the deposit including amount, currency, and date of deposit

6. Terms of Deposit: If applicable, the duration of deposit, interest rate, and maturity date

7. Current Balance: Confirmation of the current balance as of the letter's date

8. Authorization: Bank official's signature, name, and position