Articles on: Banking
This article is also available in:

The Bank is Requesting a 'Power of Attorney' (PoA) Document to Open My Bank Account

Normally, it is one of the directors, or members of the board of directors, who is responsible for opening the company's bank account. However, in large companies, one of the workers, such as a secretary or virtual assistant, may take care of this process.

When you are asked for a "Power of Attorney" to open a bank account, it is precisely for this last scenario. This employee, acting on your behalf, will need this permission or power of attorney, which is a document digitally signed by you, where you grant him or her the right to make this bank opening on behalf of your company.

If you, as directors of the company, are the ones who are opening the bank account, you do not need to fill in or include this document. Being members of the board of directors, you have the power to act on behalf of the company. Do not add, therefore, any power of attorney here.

Updated on: 01/04/2024

Was this article helpful?

Share your feedback


Thank you!