Accepting Powers of Attorney on Deposit Accounts

Date:

Jun 4, 2024

How much power does a power of attorney have? How many types of POAs are there? What documentation must be supplied? What fiduciary authority is involved? Are there special requirements? What risks are involved? Can you afford to miss this training?

Powers of attorney are complex legal documents used on a daily basis to transact business on deposit accounts. If your institution doesn’t handle a specific situation properly, it can be exposed to significant risk if the attorney-in-fact intentionally (or innocently) acts outside the scope of their authority. This webinar will explain everything you need to know when dealing with powers of attorney on deposit accounts and steps you can take to reduce risk.