Authorization Letter For Cash Withdrawal
[Your Name]
[Your Address]
[City, State, ZIP Code]
[Date]
[Bank Name]
[Bank Address]
[City, State, ZIP Code]
To Whom It May Concern,
I, [Your Full Name], hereby authorize [Authorized Person's Full Name], whose signature is appended below, to make cash withdrawals from my savings account [Account Number] at [Bank Name]. This authorization is valid from [Start Date] to [End Date], unless revoked earlier in writing.
I understand that by providing this authorization, I am giving full consent for [Authorized Person's Full Name] to conduct cash withdrawals on my behalf. I acknowledge that any transactions made by [Authorized Person's Full Name] during this period will be considered valid and authorized by me.
Please find below the necessary details of the authorized person:
Full Name: [Authorized Person's Full Name]
Date of Birth: [Authorized Person's Date of Birth]
Address: [Authorized Person's Address]
Contact Number: [Authorized Person's Phone Number]
Relationship to Account Holder: [Authorized Person's Relationship to You]
I kindly request the bank to cooperate with [Authorized Person's Full Name] during the specified period and provide assistance as required.
I remain fully responsible for any and all transactions made under this authorization and will not hold [Bank Name] liable for any issues arising from these transactions.
Thank you for your prompt attention to this matter.
Sincerely,
[Your Signature]
[Your Full Name]
[Your Contact Number]
**Enclosure:**
[Authorized Person's Signature]
[Notary Public's Stamp and Signature, if required]
Simple Authorization Letter for Cash Withdrawal
Subject: Authorization for Cash Withdrawal
Dear [Bank Manager's Name],
I, [Your Name], holding account number [Account Number] at [Bank Name], hereby authorize [Authorized Person's Name] to withdraw the sum of [Amount] from my account on my behalf.
Please provide them with the necessary assistance and allow the withdrawal. I have attached a copy of my ID and the authorized person’s ID for verification purposes.
Thank you for your cooperation.
Sincerely,
[Your Name]
Formal Authorization Letter for Cash Withdrawal
Subject: Authorization for Withdrawal
Dear Sir/Madam,
This letter serves as formal authorization for [Authorized Person's Name] to withdraw an amount of [Amount] from my account number [Account Number] at [Bank Name].
The authorized person will present this letter along with a valid ID for verification. Kindly extend your full cooperation.
Thank you for your prompt attention.
Sincerely,
[Your Name]
Emergency Authorization Letter for Cash Withdrawal
Subject: Urgent Cash Withdrawal Authorization
Dear [Bank Manager's Name],
Due to an urgent requirement, I authorize [Authorized Person's Name] to withdraw [Amount] from my account number [Account Number] at [Bank Name] effective immediately.
I request your support in processing this request swiftly. Copies of my identification and that of the authorized individual are attached.
Thank you for your prompt assistance.
Regards,
[Your Name]
Authorization Letter for Cash Withdrawal by Family Member
Subject: Authorization for Cash Withdrawal by Family Member
Dear [Bank Manager's Name],
I, [Your Name], authorize my [Relation, e.g., brother/sister/spouse], [Authorized Person's Name], to withdraw [Amount] from my account number [Account Number] at [Bank Name] on my behalf.
Please provide them the required assistance and ensure the process is smooth. IDs of both account holder and authorized person are attached.
Thank you for your support.
Sincerely,
[Your Name]
Authorization Letter for Partial Cash Withdrawal
Subject: Authorization for Partial Withdrawal
Dear [Bank Manager's Name],
I hereby authorize [Authorized Person's Name] to withdraw [Amount] from my account number [Account Number] at [Bank Name]. This authorization is only for the specified amount and no other transactions are permitted.
Enclosed are copies of valid IDs for verification. Please assist them in completing this transaction efficiently.
Thank you.
Best regards,
[Your Name]
What / Why You Need an Authorization Letter for Cash Withdrawal
- To formally permit someone else to withdraw funds from your account.
- Provides a documented authorization for the bank to act legally.
- Protects both account holder and authorized person in case of disputes.
- Ensures compliance with bank policies.
Who Should Send an Authorization Letter for Cash Withdrawal
- Account holders who are unable to visit the bank in person.
- Individuals needing a family member, friend, or representative to handle cash withdrawals.
- Professionals managing accounts on behalf of businesses or organizations.
Whom Should Receive the Authorization Letter
- Bank branch manager or cashier handling the withdrawal.
- Bank’s authorized officials for verification purposes.
- Relevant banking departments when remote authorization is required.
When to Use an Authorization Letter for Cash Withdrawal
- When the account holder is unavailable to visit the bank.
- In emergency situations requiring immediate cash.
- When delegating responsibility to a trusted individual for regular account management.
- For partial or full withdrawal by a third party.
Requirements and Prerequisites Before Writing the Letter
- Full name and account number of the account holder.
- Name and relationship of the authorized person.
- Exact amount to be withdrawn (if partial).
- Copies of valid IDs for both account holder and authorized person.
- Bank account details and branch information.
- Clear understanding of bank’s withdrawal policies.
How to Write and Send the Authorization Letter
- Begin with a clear subject line stating the purpose.
- Address the bank manager or responsible authority.
- Provide account holder’s name, account number, and withdrawal amount.
- Identify the authorized person by name and relationship.
- Attach copies of IDs for verification.
- Use professional and polite language.
- Send as a printed letter, or email if accepted by the bank.
Formatting Guidelines for Authorization Letters
- Keep it concise, typically one page.
- Tone: Formal and professional.
- Style: Clear, structured, and polite.
- Attachments: Copies of valid IDs.
- Signature: Must be signed by the account holder.
- Mode: Printed letter is standard; email accepted in some banks.
Common Mistakes to Avoid
- Leaving out account number or withdrawal amount.
- Failing to provide ID copies.
- Using ambiguous language or missing the authorized person's details.
- Forgetting to sign the letter.
- Sending without confirming bank acceptance of third-party withdrawals.
Elements and Structure of Authorization Letter
- Subject line clearly indicating purpose.
- Salutation to bank authority.
- Account holder’s full details and account number.
- Name and relation of the authorized person.
- Withdrawal amount and specific instructions.
- Mention of attached ID copies.
- Closing, signature, and date.
After Sending / Follow-up Steps
- Verify with the bank that the letter has been received and accepted.
- Confirm withdrawal has been successfully completed.
- Keep a copy of the authorization letter and acknowledgment from the bank.
- Maintain communication with the authorized person during the transaction.
Pros and Cons of Using an Authorization Letter for Cash Withdrawal
Pros:
- Enables withdrawals when the account holder is unavailable.
- Provides legal documentation for bank and authorized person.
- Helps manage emergencies and delegated responsibilities.
Cons:
- Risk if the authorized person is not trustworthy.
- Possible bank verification delays.
- Mistakes in details can result in transaction rejection.
Tricks and Tips for Authorization Letters
- Always specify exact amount for withdrawal to prevent misuse.
- Attach clear photocopies of IDs to avoid verification issues.
- Keep the letter short, clear, and professional.
- Follow up with the bank to ensure acceptance before the withdrawal date.
- Limit authorization to specific transactions if needed.
