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Authorised Signatory Bank Account Letter Template for England and Wales

An Authorised Signatory Bank Account Letter is a formal document used in England and Wales to designate individuals who have authority to operate a bank account on behalf of an organization or individual. The document complies with UK banking regulations and typically includes details of the account holders, authorized persons, their signing powers, and any specific limitations or conditions. It serves as a legal record recognized by financial institutions under English law and forms part of the bank's due diligence documentation.

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What is a Authorised Signatory Bank Account Letter?

The Authorised Signatory Bank Account Letter is a crucial document used when establishing or updating signing authorities for bank accounts in England and Wales. It is required whenever an organization needs to designate or modify who can operate their bank accounts, make transactions, and handle banking matters on their behalf. The letter includes comprehensive details about the authorized signatories, their powers, any restrictions on their authority, and specimen signatures. This document helps ensure compliance with banking regulations, maintains security, and provides clear documentation of account operating authorities.

What sections should be included in a Authorised Signatory Bank Account Letter?

1. Bank Details: Full name and address of the bank branch, account numbers and relevant banking information

2. Account Holder Information: Full legal name, registered address, and contact information of the account holder

3. Authorised Signatories: Names, positions, and specimen signatures of all authorized persons including their levels of authority

4. Signing Authority Limits: Specific transaction limits, restrictions, and signing rules for each authorized signatory

5. Authentication Method: Detailed explanation of how signatures will be verified by the bank and security procedures

What sections are optional to include in a Authorised Signatory Bank Account Letter?

1. Digital Banking Access: Authorization details for online banking services and digital platforms

2. Multiple Account Authorization: Authorization details for multiple accounts when signatories need access across different accounts

3. Special Instructions: Any specific requirements, restrictions or unique operational requirements for the account

What schedules should be included in a Authorised Signatory Bank Account Letter?

1. Specimen Signature Sheet: Physical signatures and identification details of all authorized signatories

2. Board Resolution: Copy of the corporate resolution authorizing the signatories to operate the account

3. Identification Documents: Copies of valid identification documents for all authorized signatories

4. Corporate Documentation: Company registration documents, certificates of incorporation, and other relevant corporate documents

Authors

Alex Denne

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

Jurisdiction

England and Wales

Publisher

Ƶ

Sector

Banking

Cost

Free to use

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