The Authorization Letter For Withdrawal Of Savings is a critical banking document used in the United Arab Emirates when an account holder needs to delegate the authority to withdraw funds from their savings account to another person. This document is particularly relevant when account holders are unable to perform withdrawals personally due to travel, illness, or other circumstances. The letter must conform to UAE Federal Law No. 14 of 2018 (Central Bank Law) and related banking regulations, requiring specific details such as the account holder's information, authorized person's details, account numbers, withdrawal limits, and validity period. Banks in the UAE typically require this document to be properly executed with valid identification documents and, in some cases, may need additional verification or notarization depending on the withdrawal amount or specific bank policies.
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1. Letter Date and Location: Current date and place of writing the authorization letter
2. Bank Details: Full name and address of the bank branch where the account is held
3. Account Holder Information: Full name, account number, Emirates ID number, and contact details of the account holder
4. Authorized Person Information: Full name, Emirates ID number, and contact details of the person being authorized to make the withdrawal
5. Authorization Statement: Clear statement of the authority being granted, including the specific powers being delegated
6. Account Details: Savings account number and type from which the withdrawal is to be made
7. Authorization Scope: Specific details about the withdrawal amount and any conditions or limitations
8. Duration of Authority: Validity period of the authorization
9. Signature Block: Space for account holder's signature, with name printed below
1. Witness Details: Details and signatures of witnesses - required for high-value transactions or as per specific bank requirements
2. Purpose of Withdrawal: Statement explaining the reason for the withdrawal - may be required by some banks for large transactions
3. Emergency Contact: Alternative contact information in case of issues - recommended for high-value transactions
4. Language Declaration: Statement confirming the understanding of the document if it's in multiple languages
5. Revocation Clause: Terms under which the authorization can be revoked before the end of its validity period
1. Copy of Account Holder's Emirates ID: Attached photocopy of account holder's Emirates ID card
2. Copy of Authorized Person's Emirates ID: Attached photocopy of authorized person's Emirates ID card
3. Proof of Relationship: If required by the bank, documents proving relationship between account holder and authorized person
4. Bank's Authorization Form: Any specific forms required by the bank to be filled out alongside the authorization letter
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