Setting Up Power of Attorney at the Bank: A Step-by-Step Guide
Banks have specific requirements for accepting POA documents. Learn how to set up POA access at financial institutions.
Having a Power of Attorney document doesn't automatically give you bank access. Each institution has its own process.
Before You Go to the Bank
- Get certified copies of the POA (notarized original or certified)
- Bring your ID
- Bring the principal's ID (if they're coming)
- Call ahead to understand their requirements
What Banks May Require
- Their own POA form: Many banks prefer their internal forms
- POA review: Legal department may need to review your document
- Principal present: Some require the account holder initially
- Certification: Attorney may need to certify the POA is current
The Process
- Contact the bank to schedule an appointment
- Bring all required documents
- Complete their paperwork
- Wait for approval (may take days to weeks)
- Get confirmation of what you can do on the account
Types of Access
- View only: See statements and balances
- Transaction authority: Make deposits, withdrawals, transfers
- Full signatory: All account activities including closing
Tips for Success
- Set this up before there's an emergency
- Have the principal come if possible—it's easier
- Keep copies of what you submitted
- Get written confirmation of your authority
- Ask about online and mobile access
If the Bank Refuses
- Ask specifically why and what's needed
- Escalate to a branch manager or legal department
- Have your attorney contact them
- Know that some state laws require acceptance of valid POAs