In this paper, we establish the validity of the so-called Bounded Approximation Property (BAP) for a comprehensive class of translation and modulation invariant Banach spaces (B, ∥ · ∥B) of tempered distributions on the Euclidean space [Formula: see text]. In fact, such spaces have a double module structure, over some Beurling algebra with respect to convolution, and with respect to pointwise multiplication over some Fourier Beurling algebra. Combining this double module structure with functional analytic arguments which describe the approximation of convolution operators by discrete convolutions we are able to verify the BAP, in fact, for most cases even the Metric Approximation Property (MAP) for such Banach space. The family of spaces under consideration is very rich and contains virtually all the classical function spaces relevant for mathematical analysis, as long as the Schwartz space [Formula: see text] is dense in (B, ∥ · ∥B). In particular, all the reflexive spaces in this family are included. Moreover, this family of Banach spaces is closed with respect to intersections, sums and various interpolation methods.