NSW retrieve POA bank agreement

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Esperer

Well-Known Member
2 July 2019
21
0
121
Hi,

I would like to get a copy of my POA bank agreement processed in Nov 2018. The bank said it might take a while to retrieve the information & a solicitor might have a faster access to the information. How does a solicitor gain access to it and what is the turnaround?

Thank you
 

Perp

Well-Known Member
30 June 2015
42
6
149
I don't understand... are you the attorney, or the principal? Why don't you have a copy of it?

In either case, yes, the solicitor who prepared it is the appropriate person to ask.
 

Esperer

Well-Known Member
2 July 2019
21
0
121
It was a bank POA agreement for my account processed without my knowledge/presence. The bank staff not the solicitor prepared it.
 

Perp

Well-Known Member
30 June 2015
42
6
149
I'd need more details, but this doesn't sound right. How do you know that it exists if you didn't know about it? You can't have a valid PoA in such circumstances.

Are you under an adult guardian because of mental incapacity or substance addiction or something like that?

Is it truly a PoA or is it an authority to be a signatory on your account?
 

Esperer

Well-Known Member
2 July 2019
21
0
121
No, I am a normal adult. The POA told me and monitored my funds. The bank also confirmed that the POA agreement exists.
 

Perp

Well-Known Member
30 June 2015
42
6
149
It sounds like perhaps it's a general power of attorney granted under the conditions of a mortgage or commercial lease, in which case, you would have signed agreeing to it, just possibly without noticing / remembering.
 

Esperer

Well-Known Member
2 July 2019
21
0
121
No, it is a bank POA for my savings account. It was done without my consent & I made a complaint to the bank.
 

Perp

Well-Known Member
30 June 2015
42
6
149
No, it is a bank POA for my savings account. It was done without my consent & I made a complaint to the bank.
I know you say it gives them control over your savings account. What I'm saying is that they generally gain that power when you enter into a mortgage (for example). Are you saying that you have no other accounts or relationship with the bank at all?