A Power of Attorney (POA) is a legal document giving one or more than one person (the agent or attorney-in-fact) the authority to act for another person (the principal). Click on the tabs for more information on POA Signature Card and endorsement requirements.
ALL legal documents for POA accounts MUST be reviewed by Call Me Direct (CMD) for approval before proceeding with opening or revising an account.
Signature Card
If the agent requests control of the principal’s bank account, do the following:
- Verify the agent's identity by using one of the following:
- Execute a new Signature Card indicating the agent's authority to sign on the account pursuant to the POA.
- The account remains titled in the principal’s name and social security number. The agent does not own the account, but only has the power to exercise authority over the account.
- Title the account as follows:
- Marion Lee
Mark Smith, POA
- Marion Lee
Signature Card Signature if Primary is Present
Marion Lee
Mark Smith, POA
Signature Card Signature if Primary is NOT Present
Marion Lee by Mark Smith, POA
Mark Smith, POA
Signature of Principal by Attorney-in-Fact
Marion Lee by Mark Smith, POA
Signature by Attorney-in-Fact
Mark Smith, POA
Negotiable Items Endorsement
Endorsement of item payable to Principal by Attorney-in-Fact:
Marion Lee by Mark Smith, POA