Can an account be opened by proxy? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can an account be opened by proxy?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

The acceptance and scope of a power of attorney depend on its wording, bank policy, and applicable legal regulations.

Key points

  • Present the original power of attorney to the bank.

  • Not every general power of attorney is acceptable for every service.

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