Financial TAL Template

FINANCIAL TRANSACTION AUTHORIZATION LETTER (TAL)

Client Name:

Account Number:    Account Type: Checking Savings Brokerage

To: Financial Institution:

AUTHORIZATION

I hereby authorize the Financial Institution named above (the Institution) to initiate transactions on my behalf in accordance with the instructions provided in this document. This authorization grants the Institution authority to debit, credit, transfer, and otherwise effect transactions on the account identified above to or from the destination accounts specified below, subject to the limitations and conditions set forth in this TAL.

TRANSFER INSTRUCTION

Transfer Type: One-time Recurring Standing Order

BENEFICIARY / DESTINATION ACCOUNT

Routing / SWIFT / BIC:   Bank Address:

SCOPE, LIMITS & AUTHORITY

The Institution is authorized to rely on this TAL until revoked in writing. This authorization is limited to executing only those transfers that comply with the instructions specified herein and any additional written instructions bearing the Client Name and Account Number above. The Institution may require additional verification for transfers exceeding: $ per transaction.

REPRESENTATIONS AND WARRANTIES

The Client represents and warrants that the Client has full authority to execute this TAL, that the funds are not subject to liens or legal restrictions that would prevent transfer, and that the beneficiary information provided is accurate. The Client further warrants compliance with applicable laws and sanctions and confirms that no transfer will be used to facilitate unlawful activity.

INDEMNIFICATION AND LIABILITY

The Client agrees to indemnify and hold the Institution harmless from and against any loss, liability, claim, damage, cost or expense (including reasonable attorneys' fees) arising from the Institution's good faith reliance on this TAL, except to the extent caused by the Institution's gross negligence or willful misconduct. The Institution's liability for errors shall be limited to direct proven losses.

TERMINATION

This TAL shall remain in effect until terminated by the Client by delivering a written revocation to the Institution at the address set forth above. Termination will not affect transfers already initiated in reliance on this TAL prior to the Institution's receipt of the revocation within a reasonable time to act.

NOTICES

All notices required or permitted under this TAL must be in writing and delivered to the contact details provided below. Notice to the Institution is effective upon receipt at the Institution Address above. Notice to the Client is effective upon the Institution's record of delivery to the Client Address above.

TRANSFER SCHEDULE (IF APPLICABLE)

FEES, CHARGES AND PAYMENT METHOD

The Client agrees to pay all applicable fees and charges for executing transfers as disclosed by the Institution. The Institution may debit fees from the Client's Account. Accepted payment methods for fees: Debit to Account Invoice

GOVERNING LAW

This TAL shall be governed by and construed in accordance with the laws of the jurisdiction in which the Institution maintains the Client's account, without regard to conflict-of-law principles. The parties submit to the exclusive jurisdiction of courts located therein for disputes arising under this TAL.

CONFIDENTIALITY & DATA USE

The Institution may use and disclose information provided in this TAL as required for processing transactions, for compliance with legal and regulatory obligations, and as otherwise permitted by law. The Institution shall maintain reasonable safeguards to protect confidential information.

ACKNOWLEDGMENT

By signing below, the Client certifies that the information provided is true and correct, that the Client has read and understands the terms of this TAL, and that the Client authorizes the Institution to act in accordance with this TAL.

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