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A Bank Withdrawal Authorization Letter is a critical financial document used when an account holder needs to formally authorize their bank or a third party to withdraw funds from their account. This document is particularly important in the Netherlands, where banking transactions are strictly regulated under Dutch financial law and EU directives. The authorization letter must comply with the Dutch Financial Supervision Act (Wft), PSD2 requirements, and anti-money laundering regulations. It typically includes detailed account information, precise authorization parameters, withdrawal limits, validity period, and necessary verification elements. This document is commonly used for setting up direct debits, recurring payments, or one-time authorized withdrawals, and requires careful attention to detail to ensure it meets all legal and banking requirements under Dutch law.

1. Header Information: Date, bank name and address, account holder's name and address

2. Account Details: Full bank account number (IBAN), account type, and branch details

3. Authorization Statement: Clear statement of authorization for withdrawal, including purpose of the authorization

4. Transaction Details: Specific amount or maximum limit, frequency of withdrawals if applicable

5. Duration of Authorization: Validity period of the authorization, including start date and end date if applicable

6. Account Holder Declaration: Statement confirming that the account holder understands and agrees to the authorization

7. Signature Block: Space for account holder's signature, date, and printed name