Bank Authorization Letter

Bank Authorization Letter Template for Malaysia

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Bank Authorization Letter

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Bank Authorization Letter for my company's CFO to handle all banking transactions while I'm overseas from January 2025 to June 2025, with transaction limits of RM500,000 per day for our Malaysian corporate accounts."

Document background

A Bank Authorization Letter is a critical document used in Malaysian banking operations when an account holder needs to delegate banking authority to another person or entity. This document is essential for situations where the primary account holder cannot personally conduct banking transactions or wishes to delegate specific banking responsibilities. The letter must conform to Malaysian banking regulations, including the Financial Services Act 2013 and Bank Negara Malaysia's guidelines, particularly regarding authentication, verification, and anti-money laundering compliance. It typically includes detailed information about the parties involved, specific powers granted, transaction limits, and duration of authority. For corporate accounts, additional requirements such as board resolutions and company registration details may be necessary to establish proper authorization.

Suggested Sections

1. Letter Header: Full name and address of the account holder, date, bank's name and address

2. Account Details: All relevant account numbers and types of accounts covered by the authorization

3. Authorized Person Details: Full name, identification details, and contact information of the person being authorized

4. Scope of Authorization: Clear description of the specific banking activities and transactions the authorized person can perform

5. Duration of Authority: Specific time period for which the authorization is valid, including start and end dates if applicable

6. Specimen Signature: Space for the authorized person's signature that will be used for banking transactions

7. Declaration: Statement confirming the account holder's conscious and willing grant of authority

8. Account Holder's Signature: Space for account holder's signature and date of signing

Optional Sections

1. Transaction Limits: Include when there are specific monetary limits on transactions the authorized person can perform

2. Corporate Resolution Reference: Required for corporate accounts, referencing the board resolution authorizing this delegation

3. Two-Factor Authentication Details: Include when specific authentication procedures are being established for the authorized person

4. Revocation Clause: Optional clause specifying conditions under which the authorization can be revoked

5. Joint Account Holder Details: Include when the account is jointly held and all holders need to authorize

6. Digital Banking Access: Include when granting access to online/digital banking services

Suggested Schedules

1. Identity Documents: Copies of identification documents for both account holder and authorized person

2. Corporate Documents: For corporate accounts: board resolution, company registration documents, etc.

3. Signature Verification: Additional signature specimens if required by the bank

4. List of Permitted Transactions: Detailed list of specific transactions and activities authorized, if extensive

5. Bank's Authorization Form: Bank's standard mandate form that may need to be attached to the letter

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Financial Services

Corporate Services

Legal Services

Retail Banking

Investment Banking

Islamic Banking

Commercial Banking

Public Sector

Private Sector

Small and Medium Enterprises

Manufacturing

Trading

Professional Services

Relevant Teams

Legal

Compliance

Finance

Treasury

Operations

Risk Management

Corporate Secretarial

Customer Service

Account Management

Banking Operations

Relevant Roles

Bank Manager

Compliance Officer

Corporate Secretary

Financial Controller

Chief Financial Officer

Account Manager

Legal Counsel

Risk Management Officer

Treasury Manager

Operations Manager

Company Director

Authorized Signatory

Banking Operations Officer

Branch Manager

Relationship Manager

Find the exact document you need

Authorisation Form

A Malaysian legal document granting specific powers or permissions from an authorizer to an authorized representative, compliant with Malaysian contract law.

tiktok���˰�

How a Sales & Marketing Lead uses tiktok���˰� to reduce contract drafting time by 95%

Let's create your Bank Authorization Letter

Authors

Alex Denne

Find the exact document you need

Authorisation Form

Motorcycle Authorization Letter

Online Credit Card Authorization Form

Eft Agreement

Release Authorization

Passport Parent Consent Form

Authorization Agreement

To Whom It May Concern Authorization Letter

Salary Deduction Form

Refund Authorization Letter

General Authorization Letter

Authorized Signatory Letter

Eft Authorization Form

Collection Authorisation Form

Direct Credit Authorisation Form

Apostille Authorization Letter

Automatic Deposit Form

Authorization For Release Of Information Form

Sales Authorization Letter

Bank Consent Letter

Work Authorization Letter

Third Party Release Form

Third Party Credit Card Authorization Form

Third Party Authorization Form

Tenant Release And Consent Form

Tenant Authorization Letter

Permission Release And Consent Form

Payroll Direct Deposit Authorization Form

Payroll Deduction Form

Tenant Authorization Form

Payroll Deduction Authorization Form

Signature Authorization Form

Return Merchandise Authorization Form

Payroll Authorization Form

Return Authorization Form

Release Of Records Form

Release Of Information Form

Release Of Authorization Form

Payment Authorization Form

Property Authorization Letter

Pre Authorized Debit Form

Parent Guardian Consent Form For Minors

Owner Authorization Form

Overtime Authorization Form

Minor Authorization Form

Credit Check Consent Form

Credit Check Authorization Form

Credit Card Pre Authorization Form

Credit Card Payment Authorization Form

Credit Authorization Form

Consent To Treat Form

Consent To Release Information Form

Consent Release Form

Consent Authorization Form

Commission Disbursement Form

Caregiver Consent Form

Business Consent Form

Borrower Authorization Form

Bank Authorization Letter

Bank Authorization Form

Authorized Signatory Form

Authorized Representative Form

Authorization To Release Information To A Third Party Form

Authorization To Release Information

Employment Verification Authorization Form

Driver Authorization Form

Doctor Consent Letter

Dispatch Authorization Form

Designated Representative Form

Dental Records Release Form

Delegation Form

Debit Card Authorization Form

Credit Report Authorization Form

Credit Consent Form

tiktok��˰�

How a Sales & Marketing Lead uses tiktok��˰� to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise