Power of Attorney - Bank (Canada)

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Power of Attorney bestowed by an idividual on another individual for a banking purposes.

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If it becomes necessary to appoint another person to perform banking tasks on your behalf (e.g. paying and receiving moneys, signing checks, etc.), you can use a Power of Attorney for Banking (sometimes referred to as a limited power of attorney). This document allows a "mentally" competent natural person to authorize someone else to act on his or her behalf in performing his/her banking tasks. This document is revocable.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Power of Attorney
(Banking)

 

 
 
1.   I,       appoint             to be my attorney(s) in accordance with the Powers of Attorney Act to do on my behalf anything that I can lawfully do by an attorney.
 
(a)   making, drawing, signing, accepting, endorsing, transferring and assigning any cheques, bills of exchange, drafts, promissory notes, deposit receipts, negotiable instruments and money orders;
 
(b)   paying and receiving all moneys and receipts therefor;
 
(c)   signing, issuing, endorsing and transferring warehouse receipts whether in favour of myself or otherwise, executing any hypothecation papers or instruments pledging or giving authority to sell, dispose of, or insure, or other authority over or in respect of any securities, goods, wares or merchandise;
 
(d)   applying for, assigning or consenting to any contract of fire insurance or any variation therein;
 
(e)   transacting and managing all business with such bank(s) and the officers and agents thereof;
 
(f)   drawing and executing all orders and drafts for payment of money on the bank(s), or any branch or agency thereof, or on any authorized officer or agent; and
 
(g)   settling, balancing and arranging all books and accounts with the bank(s), and giving and signing any acknowledgments,
 
and generally to do every other act, matter and thing which the nature of my business with the bank(s) shall or may require, as amply and effectually, to all intents and purposes, as I could do or have done in person.
 
2.   This power of attorney shall remain in full force until due notice in writing of its revocation shall have been given to the bank or banks relying on it.
 
3.   I declare that this power of attorney may be exercised during any subsequent legal incapacity on my part.
 
4.   I declare that, after due consideration, I am satisfied that the authority conferred on the attorney(s) named in this power of attorney is adequate to provide for the competent and effectual management of all my estate in case I should become a patient in a psychiatric facility and be certified as not competent to manage my estate. I therefore direct that, in that event, the attorney(s) named in this power of attorney may retain this power of attorney for the management of my estate by complying with applicable mental health legislation and in that case the Public Trustee shall not become committee of my estate as would otherwise be the case under applicable mental health legislation.
 
 
IN WITNESS WHEREOF the donor has set his or her hand and seal on      .
 
 
 
 
SIGNED, SEALED AND DELIVERED
in the presence of:
 
 
   
     
     
 
 
   
     
     
 
 
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Number of Pages3
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28865
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Palm Desert,

CA

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Excellent in how easy it was to understand and use keep up the good work.


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