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Colorado Special Durable Power of Attorney for Bank Account Matters Form

Colorado Special Durable Power of Attorney for Bank Account Matters Form

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hello welcome to frank bruno vlog pleased to be here thank you for joining today's topic rather than the topic i'm gonna going to answer a question will a bank accept a power of attorney no that's not the question will a bank accept a copy of a power of attorney yes they should so a bank lending institution right uh your chase citibank right all of your big players um oftentimes a person will uh will go to a bank to use i'm sorry to access a bank account uh using the power of attorney as an agent for the uh the principal owner of the bank the bank will accept or will ask to see a copy of the power of attorney they might ask to see the original and what they typically do is take that power of attorney and send it to [Music] their um their legal department they're not required to do that but that is a protocol that oftentimes they will adhere to now june of 2021 new laws went into effect with respect to providing some teeth to the power of attorney

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