The Authorization Letter To Withdraw Money On My Behalf is a crucial document in the UAE's banking and legal landscape, commonly used when account holders need to delegate banking authority due to travel, illness, business commitments, or other circumstances preventing personal attendance at the bank. This document must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and UAE Banking Law (Federal Law No. 14 of 2018), requiring specific formatting, content, and authentication procedures. It typically includes detailed identification of all parties, specific authorization scope, validity period, and may require notarization. Banks in the UAE generally accept such authorizations but may have additional requirements or restrictions based on their internal policies and anti-money laundering regulations.
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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 authorization will be used
3. Account Holder Information: Full name, address, contact details, and account number of the person giving authorization
4. Authorized Person Information: Full name, Emirates ID number, contact details of the person being authorized to withdraw money
5. Authorization Statement: Clear statement of authorization including the scope of authority being granted
6. Account Details: Specific bank account numbers and types from which withdrawals are authorized
7. Authentication: Notarization details and official stamps as required by UAE law
8. Signatures: Space for signatures of the account holder, authorized person, and witnesses if required
1. Withdrawal Limits: Specific maximum amounts that can be withdrawn per transaction or per period, used when the account holder wants to set boundaries
2. Time Limitation: Specific period for which the authorization is valid, used when the authority is not intended to be indefinite
3. Special Instructions: Any specific conditions or instructions for withdrawals, used when there are particular requirements or restrictions
4. Purpose Statement: Declaration of the specific purpose for which the money will be withdrawn, used when required for compliance or record-keeping
5. Witness Details: Information and signatures of witnesses, used when additional verification is needed or required by the bank
1. Identity Documents: Copies of Emirates ID, passport, or other identification documents of both parties
2. Specimen Signature: Official specimen signature card or document for the authorized person
3. Bank Forms: Any specific bank-required forms that need to be attached to the authorization letter
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