Document background
The Authorization Letter to Withdraw Over The Counter is commonly used when account holders cannot personally access their funds but need to authorize a trusted individual to do so on their behalf. This document, governed by English and Welsh law, provides banks with the necessary authorization while maintaining security and compliance with financial regulations. It includes specific details about all parties involved, the transaction amount, and validity period, serving as a crucial tool for delegated banking transactions. The letter must comply with both banking protocols and anti-money laundering regulations while providing clear authorization for the specific transaction.
