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Letter Of Consent For Bank Account Template for Indonesia

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Key Requirements PROMPT example:

Letter Of Consent For Bank Account

"I need a Letter of Consent for Bank Account that authorizes my company's Finance Director to access and manage our corporate bank accounts in Indonesia, with full transaction rights but a monthly limit of IDR 500 million, effective from March 1, 2025."

Document background
The Letter of Consent for Bank Account is a crucial document in Indonesian banking operations, required whenever an account holder needs to grant specific permissions or authorizations related to their bank account. This document type is commonly used in situations such as authorizing third-party access, setting up automated payments, or granting specific transaction permissions. It must comply with Indonesian banking regulations, including Law No. 7 of 1992 on Banking (as amended), OJK regulations, and the Personal Data Protection Law (PDP Law) 2022. The letter typically includes comprehensive details about the account holder, the specific permissions being granted, duration of the authorization, and any conditions or limitations. Its formal nature and legal standing make it an essential tool for both individual and corporate banking relationships in Indonesia.
Suggested Sections

1. Letter Header: Date, recipient bank's name and address, reference number

2. Account Holder Details: Full name, ID number (KTP/passport), current address, and contact information of the account holder

3. Account Information: Specific bank account number(s) and type(s) of account(s) covered by the consent

4. Purpose Statement: Clear statement of the purpose for which the consent is being given

5. Scope of Consent: Detailed description of what actions or access is being authorized

6. Duration of Consent: Specific period for which the consent remains valid

7. Declaration of Authority: Statement confirming the account holder's authority to grant this consent

8. Signature Block: Space for account holder's signature, name, date, and any required witness signatures

Optional Sections

1. Third Party Authorization: Details of any third party being granted account access or authority, used when consent involves authorizing another person or entity

2. Special Instructions: Any specific conditions or limitations on the consent, used when there are particular restrictions or requirements

3. Language Declaration: Statement about the governing language if the letter is bilingual, used when the letter is prepared in multiple languages

4. Revocation Terms: Terms for withdrawing the consent, used when the consent might need to be terminated before its stated duration

5. Emergency Contact: Alternative contact information, used when required for high-value accounts or special circumstances

Suggested Schedules

1. Identity Document Copies: Certified copies of relevant identification documents (KTP, passport, etc.)

2. Corporate Documents: If applicable, company registration documents and proof of authority (for business accounts)

3. Specimen Signature: Official signature specimen of the account holder and any authorized parties

4. Supporting Documents: Any additional documents required by the bank to support the specific type of consent being granted

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

Relevant legal definitions

























Clauses




















Relevant Industries

Banking and Financial Services

Corporate Services

Legal Services

Financial Technology

Business Process Outsourcing

Professional Services

Retail

Manufacturing

Import/Export

Real Estate

Healthcare

Relevant Teams

Legal

Compliance

Finance

Treasury

Operations

Risk Management

Customer Service

Account Management

Corporate Secretariat

Banking Operations

Relevant Roles

Bank Manager

Account Relationship Manager

Compliance Officer

Legal Counsel

Corporate Secretary

Financial Controller

Treasury Manager

Chief Financial Officer

Operations Manager

Risk Management Officer

Branch Manager

Customer Service Manager

Banking Operations Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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