Document background
The Letter To Bank For Authorised Person is a crucial document in Singapore's banking framework, used when an account holder needs to delegate banking authority to another individual. This document is essential for businesses and individuals who require representatives to handle their banking matters, particularly when the primary account holder cannot personally manage all banking transactions. The letter must comply with Singapore's Banking Act and MAS regulations, including proper identification and verification requirements. It typically specifies transaction limits, duration of authority, and specific powers granted to the authorized person, providing both flexibility for the account holder and security for the bank.
