Allow someone else to make transactions: Authorization Letter
What is an Authorization Letter?
An Authorization Letter allows you as an account holder to grant another trusted individual authority to perform banking transactions on your behalf. Authorization Letters addressed to an institutional representative allow the bank to know that the person holding the letter is operating with your permission.
At the discretion of the institution, you or your representative may also be required to provide a more formal Power of Attorney assigning this authority. Typically, Authorization Letters include information about the individual being authorized, the scope of their authority, and, in some cases, a notarization.
When to use an Authorization Letter:
- You are unable to make important banking transactions and need someone else to do them for you.
Have questions about your Authorization Letter?
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- Understand what it says or review it. Use our AI legal assistant to ask questions about your Authorization Letter, understand what it says, and spot anything that may need a closer look.
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Sample Authorization Letter
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,
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I, , hereby authorize to act on my behalf as a representative in collecting . The certificate can be found at . I am attaching a copy of the Certificate in order to identify my representative when they come to collect it.
Thank you in advance for your assistance, and I appreciate your cooperation on this matter. Should you need any further information from me regarding the same, I can be reached at . This authorization is effective from through .
Best,
| By: | Date: |
