Document background
The Authorization Letter For Transfer is a crucial document in Indonesian business and personal financial transactions where one party needs to delegate the authority to conduct financial transfers to another. This document is commonly used when the principal party is unable to perform the transfer personally, such as during overseas travel, illness, or when delegating routine business transactions. The letter must conform to Indonesian Civil Code requirements and banking regulations, typically including detailed information about both parties, specific transfer authorizations, and any applicable conditions or limitations. It requires proper execution with stamp duty (meterai) and may need notarization depending on the transaction value or receiving bank's requirements. The document serves as protection for all parties involved and is widely accepted by Indonesian financial institutions when properly prepared and executed.
