Authorization Letter For Getting Money Template for Singapore

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Key Requirements PROMPT example:

Authorization Letter For Getting Money

"I need an Authorization Letter For Getting Money that allows my brother to withdraw up to SGD 5,000 from my DBS Bank account while I'm overseas for work from March to June 2025, ensuring compliance with Singapore banking regulations."

Document background

The Authorization Letter For Getting Money is commonly used in Singapore when an individual needs to delegate the authority to collect or withdraw money to another person. This document is essential when the authorizer cannot personally conduct financial transactions due to absence, illness, or other circumstances. It must include specific details such as the parties' information, transaction amount, validity period, and purpose, while complying with Singapore's banking regulations and personal data protection laws. The letter serves as legal evidence of the authorization and helps prevent unauthorized access to funds.

Suggested Sections

1. Author Information: Full name, ID/passport number, address, and contact details of the person giving authorization

2. Recipient Information: Full name, ID/passport number, address, and contact details of the authorized person

3. Authorization Purpose: Clear statement of the specific purpose and scope of authorization

4. Transaction Details: Amount of money, account details, and transaction method

5. Validity Period: Start and end dates of the authorization

Optional Sections

1. Witness Details: Required when the transaction amount exceeds certain thresholds or bank requirements

2. Special Instructions: Any specific conditions or limitations on the authorization

3. Emergency Contact: Alternative contact person in case of issues

Suggested Schedules

1. Identity Proof: Copies of ID/passport of both parties

2. Bank Account Details: Account statements or bank verification documents

3. Power of Attorney: If authorization is given through a power of attorney

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

alex.den.21@genieai.co

Relevant legal definitions

Authorizer
Authorized Person
Authorization Period
Authorized Amount
Banking Institution
Transaction
Account Details
Identification Documents
Witness
Purpose

Clauses

Authorization Grant
Scope of Authority
Duration
Identity Verification
Transaction Details
Revocation
Indemnification
Liability
Confidentiality
Governing Law
Witness Requirements
Emergency Provisions

Relevant Industries

Banking and Finance
Personal Services
Business Services
Education

Relevant Teams

Finance
Legal
Operations
Administration

Relevant Roles

Financial Manager
Bank Officer
Personal Assistant
Company Secretary

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Let's create your Authorization Letter For Getting Money

Authors

Alex Denne

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