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Letter To Bank For Change In Authorised Signatory for Hong Kong

Letter To Bank For Change In Authorised Signatory Template for Hong Kong

A formal letter addressed to a bank in Hong Kong requesting a change in authorized signatories for company bank accounts. This document complies with Hong Kong banking regulations and the requirements of the Hong Kong Monetary Authority. It includes essential details such as account information, current and new signatory details, effective dates, and required authorizations. The letter must be accompanied by supporting documentation including board resolutions and identification documents as required under Hong Kong law. It serves as an official record of the requested changes and forms part of the bank's due diligence process.

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Letter To Bank For Change In Authorised Signatory

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What is a Letter To Bank For Change In Authorised Signatory?

The Letter To Bank For Change In Authorised Signatory is a crucial document used when a company needs to update its authorized signatories for its bank accounts in Hong Kong. This change might be necessary due to various circumstances such as personnel changes, corporate restructuring, or changes in signing authorities. The letter must comply with Hong Kong banking regulations and typically includes detailed information about current and new signatories, account numbers, and the scope of signing authority. It needs to be supported by proper corporate authorizations such as board resolutions and must meet the requirements of both the Hong Kong Monetary Authority and the specific bank's policies. This document is particularly important as it ensures proper authorization for banking transactions and helps maintain security over company financial operations.

What sections should be included in a Letter To Bank For Change In Authorised Signatory?

1. Bank's Address and Date: Complete bank branch address and current date

2. Reference Line: Account number(s) and any existing reference numbers

3. Subject Line: Clear indication that this is a request for change in authorized signatories

4. Account Details: Full company name and all relevant account numbers affected by the change

5. Request Statement: Clear statement of the request to change signatories

6. Current Signatories: List of existing authorized signatories to be removed or retained

7. New Signatories: Details of new signatories including full names, positions, and signing powers

8. Effective Date: Requested date for the changes to take effect

9. Contact Information: Contact details for follow-up questions or clarifications

10. Closing and Signatures: Professional closing, to be signed by current authorized signatories as per bank's records

What sections are optional to include in a Letter To Bank For Change In Authorised Signatory?

1. Urgent Request Notification: To be included when changes need to be expedited, explaining the urgency

2. Special Instructions: Any special signing arrangements or conditions for the new signatories

3. Interim Arrangements: Details of any temporary arrangements needed during the transition

4. Related Services: Changes needed to associated services like internet banking or token devices

What schedules should be included in a Letter To Bank For Change In Authorised Signatory?

1. Board Resolution: Copy of board resolution approving the change in signatories

2. Identification Documents: Copies of new signatories' identification documents

3. Specimen Signatures: New specimen signatures on bank's standard forms

4. Updated Signature Requirements: Document detailing new signing limits and combinations if applicable

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

Service Letter

Cost

Free to use
Relevant legal definitions















Clauses















Relevant Industries

Banking and Financial Services

Corporate Services

Legal Services

Manufacturing

Retail

Technology

Healthcare

Education

Non-Profit

Construction

Real Estate

Professional Services

Hospitality

Transportation and Logistics

Energy and Utilities

Relevant Teams

Finance

Treasury

Corporate Secretarial

Legal

Operations

Administration

Compliance

Corporate Governance

Executive Office

Accounts

Relevant Roles

Chief Financial Officer

Financial Controller

Company Secretary

Managing Director

Chief Executive Officer

Finance Manager

Accounts Manager

Treasury Manager

Company Director

Board Member

Financial Director

General Manager

Operations Director

Corporate Services Manager

Legal Counsel

Industries





Teams

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