The Disbursement Authorization Form is a critical financial control document used in the Philippines to manage and authorize the release of funds from accounts. This document is essential when account holders need to formally authorize financial institutions to disburse funds to specific beneficiaries, whether for one-time or recurring transactions. The form must comply with Philippine banking regulations, including the General Banking Law of 2000 and Anti-Money Laundering Act requirements. It typically contains detailed information about the transaction, parties involved, and necessary authorizations, serving as both a security measure and an audit trail for financial transactions. The document is particularly important for corporate accounts, government transactions, and high-value transfers where formal authorization and documentation are crucial for compliance and record-keeping purposes.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Header Information: Document title, date, reference number, and bank/institution details
2. Account Holder Details: Full name, account number, contact information, and identification details of the account holder authorizing the disbursement
3. Transaction Details: Specific amount to be disbursed, currency, and payment method (check, wire transfer, cash)
4. Beneficiary Information: Complete details of the recipient including name, account number if applicable, and bank details for transfers
5. Authorization Statement: Clear statement of authorization for the disbursement, including any specific conditions or limitations
6. Declarations: Standard declarations regarding the legitimacy of the transaction and compliance with anti-money laundering regulations
7. Signature Block: Space for authorized signatories, witnesses if required, and date of signing
1. Purpose of Disbursement: Section detailing the reason for the disbursement - required for amounts above certain thresholds or for compliance purposes
2. Special Instructions: Any specific disbursement instructions or conditions that are not standard
3. Supporting Documents: List of attached supporting documents when required for large transactions or specific purposes
4. Bank Use Only: Section for bank processing details, approvals, and verifications
5. Term of Authorization: If the authorization is recurring or valid for a specific period, include validity period details
1. Schedule A - Supporting Documentation: List and copies of required supporting documents such as ID proofs, board resolutions for corporate accounts
2. Schedule B - Transaction History: For recurring authorizations, a log of previous transactions under this authorization
3. Appendix 1 - Terms and Conditions: Standard terms and conditions governing the disbursement authorization
4. Appendix 2 - Verification Checklist: Checklist for compliance requirements and document verification
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Corporate Services
Government and Public Sector
Healthcare
Education
Real Estate
Manufacturing
Retail and Commerce
Non-profit Organizations
Professional Services
Relevant Teams
Finance
Treasury
Accounts Payable
Banking Operations
Compliance
Risk Management
Legal
Internal Audit
Corporate Governance
Financial Control
Relevant Roles
Finance Manager
Treasurer
Chief Financial Officer
Account Manager
Banking Operations Manager
Compliance Officer
Financial Controller
Accounts Payable Supervisor
Treasury Operations Manager
Finance Director
Bank Branch Manager
Corporate Secretary
Authorized Signatory
Financial Analyst
Risk Management Officer
Find the exact document you need
Driving Authorization Letter
A notarized document under Philippine law authorizing a specified individual to operate a vehicle owned by another party.
find out more
Cc Authorization Form
A Philippine-compliant legal document authorizing merchants to process credit card payments with specified terms and conditions under local banking regulations.
find out more
Authorization Letter To Claim Senior Citizen Financial Assistance
A Philippine legal document authorizing a representative to claim senior citizen financial assistance on behalf of an elderly beneficiary.
find out more
Authorization Letter For Senior Citizen To Claim Money
A Philippine legal document authorizing a representative to claim money on behalf of a senior citizen, compliant with local senior citizens' rights legislation.
find out more
Authorization Letter To Collect Money
A Philippine legal document authorizing a designated person to collect money on behalf of another party, subject to local banking and civil law requirements.
find out more
Authorization Letter To Withdraw Money
A notarized Philippine legal document authorizing a designated person to withdraw funds from another person's bank account, compliant with local banking regulations.
find out more
Authorization Letter For Claiming Pension
A Philippine-compliant authorization letter that legally empowers a designated representative to claim pension benefits on behalf of the pension holder.
find out more
Authorization Letter To Claim Refund Money
A Philippine-compliant legal document authorizing a designated person to collect a refund on behalf of another party.
find out more
Notary Authorization Form
A Philippine legal document that grants specific powers or authority from one party to another, executed before a notary public in compliance with Philippine notarial laws.
find out more
Guardianship Authorization Affidavit
A Philippine legal document authorizing a designated person to act as guardian for minor(s), granting specific powers for childcare, education, and healthcare decisions.
find out more
Passport Parent Consent Form
A Philippine legal document providing parental authorization for a minor's passport application, compliant with DFA regulations and Philippine law.
find out more
Authorization Letter To Pick Up Parcel
A formal document under Philippine law authorizing a designated person to collect a parcel on behalf of the rightful recipient.
find out more
Authorization Letter To Claim Money On My Behalf
A notarized legal document under Philippine law authorizing a designated person to claim or collect money on behalf of another individual.
find out more
Authorization Letter To Receive
A notarized Philippine legal document authorizing a designated person to receive items or conduct specific transactions on behalf of the authorizer.
find out more
Authorization Letter On My Behalf
A Philippine legal document authorizing an appointed agent to act on behalf of a principal, typically notarized and governed by Philippine Civil Code.
find out more
Salary Deduction Form
A Philippine-compliant form authorizing employers to make specific deductions from employee salaries, in accordance with local labor laws.
find out more
Authorization Letter To Claim Tagalog
A legally binding document in the Philippines, written in Tagalog, that authorizes a designated person to claim or collect items on behalf of another individual.
find out more
Authorization Letter To Claim Allowance
A Philippine-compliant legal document authorizing a designated individual to claim and receive allowance payments on behalf of another person.
find out more
Authorization Letter For Selling Motorcycle
A Philippine legal document authorizing a designated individual to sell a motorcycle on behalf of its registered owner, requiring notarization and compliance with LTO regulations.
find out more
Authorization Letter For Police Clearance
A Philippine legal document authorizing a representative to obtain police clearance on behalf of another person.
find out more
Authorization Letter For National ID
A Philippine-compliant authorization letter allowing a designated representative to handle matters related to the principal's National ID (PhilSys) transactions.
find out more
Authorization Letter For Motorcycle
A Philippine legal document authorizing an individual to operate or manage matters related to a motorcycle on behalf of its owner, compliant with local transportation laws.
find out more
Authorization Letter For Embassy
A Philippine-compliant formal document authorizing a designated individual to conduct specific embassy-related matters on behalf of another person.
find out more
Authorization Letter For Deed Of Sale
A Philippine legal document authorizing a representative to sell property and execute related transactions on behalf of the property owner.
find out more
Authorization Letter For Cheque
A Philippine legal document authorizing a designated person to handle specific check-related transactions on behalf of the account holder, in compliance with local banking regulations.
find out more
Authorization Letter For Burial Assistance
A Philippine legal document authorizing an individual to claim burial assistance benefits from government agencies or other institutions on behalf of a deceased person's family.
find out more
Official Permission Letter
A formal Philippine legal document granting official authorization or permission for specific activities, following local administrative and regulatory requirements.
find out more
Authorised Signatory Letter
A formal Philippine legal document that authorizes specific individuals to act and sign documents on behalf of an organization, commonly used for banking and official transactions.
find out more
Authorisation Letter For Bank
A Philippine-compliant legal document that authorizes a designated individual or entity to conduct specific banking transactions on behalf of an account holder.
find out more
Authorization Letter To Purchase Medicine
A Philippine-compliant legal document authorizing a designated person to purchase medicines on behalf of another individual, following local pharmaceutical regulations.
find out more
Authorization Letter For Statement Of Account
A Philippine-compliant legal document authorizing a designated individual to access and receive account statements on behalf of an account holder.
find out more
Authorization Letter To Purchase On Behalf
A Philippine-law governed authorization letter enabling an appointed agent to make specific purchases on behalf of a principal.
find out more
Authorization Letter For TOR Request
A Philippine legal document authorizing a designated representative to request and collect a student's Transcript of Records from an educational institution.
find out more
Authorization Letter To Claim Senior Citizen Pension
A Philippine legal document authorizing a designated person to collect pension benefits on behalf of a senior citizen beneficiary.
find out more
Personal Authorization Letter
A Philippine-compliant legal document authorizing one person to act on behalf of another, requiring notarization and specific formatting under local law.
find out more
Authorization Letter To Claim Money Tagalog
A legally-binding Tagalog document used in the Philippines that authorizes a designated person to claim or collect money on behalf of another individual.
find out more
Bank Statement Authorization Letter
A formal authorization document used in the Philippines that permits designated parties to access bank statements and account information, in compliance with Philippine banking and privacy laws.
find out more
Authorization Letter To Pay On My Behalf
A Philippine legal document authorizing a designated person to make payments on behalf of the authorizer, subject to Philippine civil law and banking regulations.
find out more
Permission Authorization Letter
A formal document under Philippine law that grants specific permissions or authority from a grantor to a grantee to act on their behalf for particular purposes.
find out more
Authorization Letter To Request Documents
A notarized legal document under Philippine law that authorizes a designated person to request and collect specific documents on behalf of another individual or entity.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)