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Authorization Letter For ATM Card for Hong Kong

Authorization Letter For ATM Card Template for Hong Kong

A formal document governed by Hong Kong banking regulations that enables an account holder to authorize another person to use their ATM card and access their bank account(s). The letter complies with the Hong Kong Banking Ordinance and related regulations, including personal data protection requirements. It specifies the scope of authorization, transaction limits, duration of access, and includes necessary security provisions to protect both the account holder and the bank. The document serves as a legal record of delegation of ATM card usage rights while maintaining compliance with Hong Kong's banking and electronic transaction laws.

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Authorization Letter For ATM Card

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What is a Authorization Letter For ATM Card?

The Authorization Letter For ATM Card is a crucial banking document used in Hong Kong when an account holder needs to grant another person permission to access their bank account through an ATM card. This document is commonly required in various situations, such as when account holders are temporarily unavailable, require assistance with banking transactions, or need to delegate access to family members or trusted representatives. The letter must comply with Hong Kong's Banking Ordinance (Cap. 155), Electronic Transactions Ordinance (Cap. 553), and Personal Data (Privacy) Ordinance (Cap. 486). It includes specific details about the authorized person, scope of access, transaction limits, and duration of authorization, serving as a legal protection for all parties involved. The document is particularly important in Hong Kong's fast-paced financial environment where secure and efficient banking access delegation is often necessary.

What sections should be included in a Authorization Letter For ATM Card?

1. Bank Details and Date: Full name and address of the bank branch, current date

2. Account Holder Information: Full name, address, and account details of the primary card/account holder

3. Authorized Person Details: Complete identification information of the person being authorized to use the ATM card

4. Card and Account Information: Specific ATM card number, associated account numbers, and types of accounts linked

5. Scope of Authorization: Detailed description of permitted transactions and any transaction limits

6. Duration of Authorization: Specific period for which the authorization is valid

7. Declaration and Undertaking: Statement of responsibility and acknowledgment of terms by both parties

8. Signatures: Space for signatures of account holder, authorized person, and witnesses if required

What sections are optional to include in a Authorization Letter For ATM Card?

1. Joint Account Holder Details: Required when the account is jointly held, including details and consent of all account holders

2. Corporate Authorization: Required for business accounts, including board resolution reference and authorized signatories

3. Special Instructions: Any specific restrictions or special conditions for card usage

4. Emergency Contact Information: Additional contact details for urgent situations

5. Witness Section: Required in cases where witnessing of signatures is mandatory or preferred

What schedules should be included in a Authorization Letter For ATM Card?

1. Schedule A - Card Usage Limits: Detailed breakdown of daily/monthly transaction limits and restrictions

2. Schedule B - Multiple Account Details: List of all accounts linked to the ATM card if more than one account is involved

3. Appendix 1 - Identity Documents: Copies of required identification documents for both parties

4. Appendix 2 - Bank Terms and Conditions: Standard bank terms and conditions for ATM card usage

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Document Type

Authorization Form

Cost

Free to use
Relevant legal definitions


















Clauses


















Relevant Industries

Banking

Financial Services

Corporate Treasury

Retail Banking

Commercial Banking

Financial Technology

Payment Services

Corporate Services

Relevant Teams

Legal

Compliance

Customer Service

Operations

Risk Management

Personal Banking

Corporate Banking

Account Services

Branch Operations

Document Processing

Relevant Roles

Bank Branch Manager

Banking Operations Officer

Compliance Officer

Customer Service Representative

Account Relationship Manager

Personal Banking Officer

Corporate Banking Officer

Treasury Manager

Legal Counsel

Risk Management Officer

Operations Manager

Financial Services Administrator

Industries





Teams

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