A bank authorization letter is a formal letter that will be given to a trustworthy person to collect money on behalf of the actual account holder when he/she is not physically available to visit the bank, The reasons are like going out of station or health problems, etc.
Most of the banks are allowing this facility. But as a real account holder, you should be very careful about the other person to whom you are giving authorization, giving authorization means giving legal authority to collect your money from the bank, therefore you must always give authorization to trusted people only.
Here are some examples of authorization letters to claim the money from the bank on your behalf.
Authorization Letter to Collect Money in Bank (Format 1)
To
The branch manager,
Bank name,
City name.
Sub: authorization letter to collect money.
Dear Sir/Madam,
I, [your name], hereby authorize [ person name], who is my [relationship], to collect a total amount of [amount], (amount in words) on [date] from my bank account bearing a/c no. [account number] from [bank’s branch name] in [city name].
I am going out of the station so I cannot able to visit the bank directly.
Mr./Ms [authorized person name] will submit his/her id card of the serial number [123XXXXX] and I am also enclosing my ID card copy of serial number [4561XXXXX] for your verification.
If you have any concerns about the identity and document verification please contact me on my mobile number 9456XXXX63.
Thanking you.
Yours sincerely,
Your name.
Signature.
Address.
Authorization Letter to Collect Money in Bank (Format 2)
To
The branch manager,
Bank name,
City name.
From
Your name,
Address.
Sub: Authorization letter to claim money on my behalf.
Dear Sir/Madam,
This is to authorize [person name] to collect a total amount of [amount], (amount in words) from my bank account bearing a/c no [4561XXXX89], from [bank’s branch], [city name] on [date].
Because of my health problem, I am currently not able to visit the bank. I am enclosing my ID proof copy of serial no. [123456XXXX] and Mr./Ms. [authorized person name] will submit his/her ID proof copy of serial number [456789XXX] as proof.
If you have any queries related to verification, please contact me on my mobile no.
[850XXXXX5].
Looking forward to your kind consideration.
Thanking you,
Regards,
Your name.
Signature.
Authorization Letter to Collect Money in Bank (Format 3)
To
The branch manager,
Bank name,
City name.
Sub: Authorization to collect money.
Dear Sir/Madam,
My name is [your name] holding a savings/current bank account number in your bank with a/c no [32456XXX45] located at [location]. Due to some health problems, I am not in a position to collect the money from the bank directly.
Hence, I hereby authorize my [realtionship], Mr./Ms. [person name] to collect a sum of __________ from my bank account on [date].
Mr./Ms. [authorized person] will submit his/her ID proof of serial no. [1234XXX] for your verfiicaton.
For any other information kindly contact me on my mobile number [09123XXXX89], I hope you consider my request.
Thanking you.
Sincerely,
Your name.
Signature.
Tips: How to write an authorization letter to collect money from the bank
- Always give the authorization to trustworthy persons.
- Write the date on the top right-hand side of the letter.
- Address the letter to the bank’s branch manager.
- Write your name and address details.
- Write the full name of the authorized person and your relationship with that person.
- Write the following details relating to the transaction.
- Your bank a/c number
- Total amount
- Date of transaction
- Reason for your absence
- ID proof details.
- Finally, provide your mobile number to contact for the purpose of verification.
FAQs
Do authorization letters need a notary?
Notary is not required for authorization letters, banks will accept the authorization letter without notarization. For banks the signature of the issued person and verification documents are important.
Will every bank accept authorization?
Most of the banks will accept it, but they will take a final decision only after verifying the documents.
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