The Authorization Letter for Card Giving Permission is a crucial document in Singapore's financial landscape, designed to facilitate secure and legally-compliant card sharing arrangements. This document becomes necessary when a card owner needs to authorize another person to use their payment card, whether for personal, business, or emergency purposes. The letter must comply with Singapore's strict financial regulations, including the Banking Act and Payment Services Act, and typically includes the identities of both parties, card details, scope of authorization, and duration of permission. It serves as a protective measure for all parties involved and is often required by financial institutions to process authorized transactions.
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1. Letter Date: Current date of authorization
2. Authorizer Details: Full name, NRIC/Passport number, contact information of person giving authorization
3. Authorized Person Details: Full name, NRIC/Passport number, contact information of person receiving authorization
4. Card Information: Type of card, last 4 digits, issuing bank (if applicable)
5. Scope of Authorization: Specific permissions being granted and any limitations
6. Duration: Validity period of the authorization
7. Signature Block: Space for authorizer's signature and date
1. Witness Details: When additional verification is required or requested by the card issuer
2. Transaction Limits: When specific spending limits need to be defined
3. Purpose Statement: When specific reason for authorization needs to be documented
1. Copy of Authorizer's ID: Photocopy of NRIC/Passport for verification
2. Copy of Card: Photocopy of the front of the card (with sensitive information masked)
3. Additional Verification Documents: Any supporting documents required by the card issuer or receiving party
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