Professional Documents
Culture Documents
Banking Signing Authority
Banking Signing Authority
**Identify the Parties**: Start by clearly identifying the business entity granting the
authority and the manager receiving it. Include full legal names and titles.
2. **Specify the Authority Level**: Clearly outline the extent of the signing authority. This
includes specifying the types of transactions the manager can execute, such as signing
checks, withdrawing funds, or making deposits.
3. **Account Details**: Include details of the bank accounts to which the authority applies.
This might involve account numbers, the bank's name, and the branch location.
4. **Duration**: Specify if the signing authority is for a fixed term or indefinite. If it's for a
fixed term, include the start and end dates.
5. **Conditions or Limitations**: If there are any conditions under which the authority is
granted or specific limitations to the authority, detail these in the document.
6. **Revocation Clause**: Include a clause that outlines how the signing authority can be
revoked or altered by the business entity.
---
**[Your Company Name]**
This document serves as official authorization for [Manager's Full Name], holding the
position of [Manager's Position] at [Your Company Name], to execute and endorse checks
and conduct transactions as a signatory on the following bank accounts:
- Account Name: [Account Name], Account Number: [Account Number], Bank: [Bank
Name], Branch: [Branch Location]
This authority is granted starting from [Start Date] and will remain in effect until [End
Date/Indefinite].
This signing authority can be revoked or altered only through written notice by [Your
Company Name].
---
Please note, this template is a basic starting point. Depending on your specific needs and