Bank account and Power of attorney

james David · Jun 19, 2018

Dear Gurus,

Good day,
If the company initiate a power of attorney to one person in order to open a corporate account.
Will this kind of documents will be accepted by the bank?

Please share your opinion?

Martin Everson · Jun 19, 2018

Banks often have their own POA/LPOA template they want you to use. Wording has to be to the banks liking and to protect them against something going wrong.

LucyOffshore · Jun 19, 2018

@Martin Everson do you have a sample of such template? I have read about this power of attorney thing but never saw any sample documents of how it should look like or how it should be properly worded.

james David · Jun 19, 2018

Yes Martin, It would be great if you will provide us with template

negon · Jun 20, 2018

Yes OP it will be accepted in order to open a bank account, that's the whole idea with the PoA! However, you won't avoid to provide your personal documents to the bank if it is you that own the company!

Martin Everson · Jun 20, 2018

Each bank will have its own format it wants as I mentioned. You need to contact the bank directly. Samples below:

https://www.fibank.bg/uploads/_Micr...Text_PwrAttorney_BankAccounts_individuals.pdf
https://www.barclays.co.uk/content/dam/documents/personal/miscellaneous/BAR99127789_0316.pdf
http://www.bankofchina.com/au/forms/09 Power of Attorney.pdf

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Bank account and Power of attorney

james David

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LucyOffshore

james David

negon

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