Application Letter For Bank Statement Template for England and Wales

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Key Requirements PROMPT example:

Application Letter For Bank Statement

"I need an Application Letter for Bank Statement to request my current account statements from January 2025 to March 2025, which I need to submit for a mortgage application, and the letter should specify that I need both digital and paper copies."

Document background
An Application Letter for Bank Statement is commonly used when individuals or organizations need to obtain official copies of their banking history for various purposes such as visa applications, mortgage applications, tax filing, or legal proceedings. Under English and Welsh jurisdiction, these requests must adhere to the Data Protection Act 2018, UK GDPR, and banking regulations. The letter typically includes account details, the specific time period for statements, purpose of request, and preferred delivery method. It may also require supporting documentation to verify the requester's identity in compliance with Money Laundering Regulations 2017.
Suggested Sections

1. Personal Information: Full name, address, contact details, and account number(s)

2. Statement Period: Specific time period for which statements are requested

3. Account Details: Type of account and account number

4. Purpose: Clear statement of why the bank statements are needed

5. Delivery Method: Preferred method of receiving the statements

Optional Sections

1. Urgency Declaration: Include when statements are needed by a specific deadline

2. Third Party Authorization: Include when statements need to be sent to a third party

3. Format Specification: Include when statements are needed in a specific format (digital/paper)

Suggested Schedules

1. Identification Documents: Copy of passport or driving license

2. Proof of Address: Recent utility bill or council tax statement

3. Authorization Form: If requesting on behalf of someone else

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Data Protection Act 2018 and UK GDPR: Primary legislation governing personal data handling and access rights. Ensures individuals' right to access their personal data including bank statements and sets requirements for data subject access requests.

Financial Services and Markets Act 2000 (FSMA): Framework legislation for banking services regulation and consumer rights regarding financial information access and handling.

Payment Services Regulations 2017: Regulations governing payment services and account information access, including specific requirements for requesting transaction history from financial institutions.

Banking Code of Practice: Industry guidelines establishing standards for bank-customer relationships and information provision procedures, though not strictly legislation.

Financial Conduct Authority (FCA) Regulations: Regulatory framework detailing how financial institutions must handle customer requests and setting timeframes for responding to information requests.

Money Laundering Regulations 2017: Legislation affecting identification requirements when requesting bank statements and establishing protocols for identity verification in financial transactions.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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