The Authorization Letter for Money Transfer is a crucial document in Singapore's banking system, designed to facilitate secure and authorized fund transfers while maintaining compliance with strict financial regulations. This document is commonly used when an account holder needs to authorize a one-time or recurring transfer, delegate payment authority, or initiate international transfers. It must adhere to Singapore's Anti-Money Laundering guidelines and the Monetary Authority of Singapore's requirements. The letter typically includes comprehensive details about the transaction, parties involved, and necessary verifications to ensure the security and legitimacy of the transfer.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Authorization Letter For Money Transfer
"I need an Authorization Letter for Money Transfer to authorize my bank to transfer SGD 50,000 to my daughter's overseas university account for her tuition fees, with the transfer to be executed on March 15, 2025."
1. Date: Current date of the authorization letter
2. Authorizer Details: Full name, ID/passport number, contact details, and address of person giving authorization
3. Recipient Bank Details: Bank name, branch, account number, and SWIFT code
4. Transfer Details: Amount, currency, purpose of transfer
5. Authorization Statement: Clear statement of authorization and its scope
6. Signature Block: Authorizer's signature and date
1. Validity Period: Optional section specifying timeframe for which authorization is valid, used for temporary or time-bound authorizations
2. Transaction Limits: Optional section defining specific limits on transfer amounts, used when authorizing recurring or multiple transfers
3. Witness Section: Optional section for witness details and signature, used when additional verification is required
1. Schedule A - Identity Documents: Copies of authorizer's identification documents (ID/passport)
2. Schedule B - Bank Account Documentation: Bank statement or account ownership proof
3. Schedule C - Supporting Documents: Any relevant documents explaining or supporting the purpose of transfer
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Transfer Request Letter For Bank Employees
A formal transfer request document for bank employees in Singapore, complying with local banking regulations and employment laws.
find out more
Transfer Letter From Employer
A formal document used in Singapore to officially communicate and document an employee's internal transfer within an organization, compliant with local employment laws.
find out more
Salary Transfer Letter
A formal document used in Singapore to authorize and document changes in an employee's salary payment arrangements, compliant with local employment laws.
find out more
New Ownership Letter
A formal document under Singapore law confirming the transfer of ownership rights of a property or asset to a new owner.
find out more
Name Transfer Letter
A formal document used in Singapore to officially request and document the transfer or change of a name, complying with local registration requirements.
find out more
Money Transfer Confirmation Letter
A formal document under Singapore law confirming the completion of a monetary transfer between parties, compliant with MAS regulations.
find out more
Letter Of Property Transfer
A formal document for transferring property ownership under Singapore law.
find out more
Letter Of Consent To Transfer Employment Of Worker Mom
A Singapore-compliant document providing employer consent for transferring a foreign worker's employment to a new employer under MOM regulations.
find out more
Job Transfer Offer Letter
A formal document used in Singapore to offer an existing employee an internal transfer, outlining new role details and modified employment terms.
find out more
Internal Transfer Offer Letter
A Singapore-compliant formal document facilitating internal employee transfers within an organization, outlining new role details and modified employment terms.
find out more
Business Ownership Transfer Letter
A formal document used in Singapore to communicate and record the transfer of business ownership between parties, complying with local corporate regulations.
find out more
Authorization Letter For Vehicle Transfer
A legal document used in Singapore authorizing a designated person to transfer vehicle ownership on behalf of the current owner.
find out more
Authorization Letter For Transfer Of Land Title
A Singapore legal document authorizing a representative to handle land title transfer on behalf of the property owner.
find out more
Authorization Letter For Money Transfer
A formal document used in Singapore authorizing a bank to transfer funds between accounts, complying with local banking regulations.
find out more
Account Transfer Letter
A formal document used in Singapore to authorize and initiate the transfer of bank accounts between financial institutions.
find out more
No Objection Letter For Property Transfer
A formal consent document used in Singapore's property market to authorize the transfer of property rights from current owner to another party.
find out more
No Objection Letter For Bank Account Transfer
A formal consent document used in Singapore's banking system to authorize the transfer of bank accounts between financial institutions.
find out more
Letter Of Intent For Bank Transfer
A formal declaration of intent to transfer funds between accounts or parties, compliant with Singapore banking regulations.
find out more
Lease Transfer Agreement Form
A Singapore-compliant legal document facilitating the transfer of lease rights and obligations from an existing tenant to a new tenant.
find out more
Business Ownership Letter
A formal document under Singapore law that declares and verifies business ownership structure and details.
find out more
Job Location Transfer Request Letter
A formal letter used in Singapore to request an internal job location transfer, complying with local employment laws.
find out more
Letter Of Authorization To Transfer Funds
A Singapore-compliant authorization document enabling specified fund transfers between accounts, meeting MAS regulations and banking requirements.
find out more
Fund Transfer Request Letter To Company
A formal letter used in Singapore to request and authorize fund transfers between parties, complying with local banking regulations.
find out more
Letter Of Intent To Transfer Lease
A preliminary document used in Singapore to formally express intention to transfer a lease to another party, outlining key terms and conditions.
find out more
Bank Fund Transfer Letter
A formal banking document used in Singapore to authorize and execute fund transfers between accounts, complying with local banking regulations.
find out more
Transfer Of Duties And Responsibilities Letter
A Singapore-compliant formal letter documenting the transfer of duties and responsibilities between employees within an organization.
find out more
Letter Of Transfer Of Rights
A Singapore-compliant legal document that formally transfers specific rights from one party to another.
find out more
Letter Of Transfer Of Ownership Of Property
A formal legal document used in Singapore to transfer property ownership from one party to another, complying with local property laws and registration requirements.
find out more
Balance Transfer Letter
A formal document used in Singapore's banking sector to facilitate and document the transfer of outstanding balances between financial institutions.
find out more
Bank Remittance Letter
A formal banking document used in Singapore to authorize and initiate fund transfers between parties, complying with MAS regulations.
find out more
Acceptance Letter For Transfer Of Shares
A Singapore-compliant formal acceptance letter confirming the transfer of shares between parties.
find out more
Employee Reassignment Letter
A formal notice of employee role transfer within an organization, compliant with Singapore employment laws.
find out more
Transfer Instruction Letter
A formal document under Singapore law authorizing the transfer of assets or funds between parties.
find out more
Transfer Approval Letter
A formal document under Singapore law confirming approval for transfer of assets, shares, or rights.
find out more
Car Ownership Transfer Letter
A formal document for transferring vehicle ownership between parties in Singapore, complying with LTA requirements.
find out more
Lateral Transfer Letter
A Singapore-compliant document facilitating an employee's transfer to a different role at the same level within an organization.
find out more
Student Transfer Letter
A formal document issued under Singapore regulations to facilitate student transfers between educational institutions.
find out more
Lease Transfer Letter
A formal document under Singapore law requesting the transfer of lease rights from an existing tenant to a new tenant.
find out more
Business Transfer Letter
A formal document under Singapore law that outlines the terms and conditions for transferring business ownership between parties.
find out more
Authorization Letter For Transfer
A Singapore-compliant formal document granting authority to conduct transfers on behalf of another party.
find out more
Letter For Transfer Of Ownership
A formal document under Singapore law that legally transfers ownership rights from one party to another.
find out more
Bank Transfer Confirmation Letter
A formal document issued by Singapore banks confirming the execution of funds transfer between parties, compliant with MAS regulations.
find out more
Equipment Transfer Letter
A Singapore-compliant formal document that records the transfer of equipment ownership between parties, including specifications and terms.
find out more
Transfer Acknowledgement Letter
A Singapore-law governed document confirming receipt and recognition of a transfer of assets, rights, or obligations between parties.
find out more
Notice Of Transfer Letter
A formal notification document used in Singapore to inform company management of share transfers between parties.
find out more
Contract Transfer Letter
A formal document under Singapore law that transfers contractual rights and obligations from one party to another.
find out more
Authorization Letter For Transfer Of Ownership
A Singapore-compliant formal document authorizing the transfer of ownership rights from one party to another.
find out more
Letter Of Membership Transfer
A Singapore-compliant legal document facilitating the transfer of membership rights between parties.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.