The bank declares to the financial and tax authorities any deposits made by foreign depositors who do not reside in the country. Account-holders, deposit amounts and other relevant information are included in this statement, as required by legislation or by agreements with foreign countries (or other jurisdictions) for international transfers and tax payments. This statement must be signed by all nominees in the account.

A bank declaration is a document guaranteeing the identity of a bank customer. The bank will verify that the customer's statement is correct and that they have any outstanding credits or debts on their account. This is done to ensure reliability and trustworthiness, which are important aspects of a financial institution. The declaration should include the details of the identification document being used by the customer, as well as the name and address of their home country.

A bank declaration is an instrument or document which constitutes formal evidence for the bank to make a decision. Bank declarations are often used for international trading and monetary transactions, such as in the case of cargo, such as gold and other precious metals

A bank declaration is essentially a document used by banks so as to establish and verify the identity of a client, and what is on his or her account. This document is used for monetary and banking transactions as well as international trading.