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The Letter to Bank for Change in Authorized Signatory is a formal document used when an organization needs to update or modify the authorized signatories for their bank accounts in the Philippines. This change might be necessitated by various circumstances such as personnel changes, corporate restructuring, or policy modifications. The document must comply with Philippine banking regulations, including requirements set forth by the Bangko Sentral ng Pilipinas (BSP) and the General Banking Law. It typically includes detailed information about the account holder, specific accounts affected, current and new signatories, and must be accompanied by supporting documents such as board resolutions and specimen signature cards. This type of letter is crucial for maintaining proper banking operations and ensuring smooth financial transactions while adhering to compliance requirements.

1. Bank Details: Full name and address of the bank branch where the account is maintained

2. Account Information: Account number(s), account type(s), and account name details

3. Current Signatory Information: Details of existing authorized signatory/signatories being replaced or removed

4. New Signatory Information: Complete details of new authorized signatory/signatories including full name, position, and specimen signature

5. Effective Date: Specified date from which the change in signatory should take effect

6. Authorization Statement: Statement confirming the authority to make this change (e.g., board resolution reference)

7. Request Statement: Clear statement requesting the change in authorized signatory

8. Contact Information: Details for follow-up communication regarding the request