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An Authorization Letter For Bank To Transfer Money is a crucial document in Saudi Arabian banking operations that provides formal permission for banks to execute monetary transfers. This document is commonly used when account holders need to authorize one-time or recurring transfers, whether for personal or business purposes. The letter must adhere to Saudi Central Bank (SAMA) regulations and Sharia law requirements, including proper authentication and documentation standards. It typically includes comprehensive details about the parties involved, transfer specifications, and validity period. Such authorization letters are particularly important in Saudi Arabia's banking system, where formal documentation and clear authorization trails are essential for financial transactions.

1. Letter Header: Date, bank's name and address, and reference numbers if applicable

2. Subject Line: Clear indication that this is an Authorization Letter for Bank Transfer

3. Salutation: Formal greeting to the bank's management

4. Account Holder Details: Full name, account number, ID/Iqama number, and contact information of the person giving authorization

5. Authorization Statement: Clear and specific statement of the authorization being granted for transfer of funds

6. Transfer Details: Specific information about the authorized transfer(s), including amount, currency, and frequency if recurring

7. Beneficiary Information: Complete details of the recipient, including full name, bank account number, bank name and branch

8. Duration of Authority: Validity period of the authorization

9. Declaration: Statement of truth and responsibility for the authorization

10. Signature Block: Space for account holder's signature, name, and date