NSW retrieve POA bank agreement

[Esperer]

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]

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]

It was a bank POA agreement for my account processed without my knowledge/presence. The bank staff not the solicitor prepared it.

 

[Perp]

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]

No, I am a normal adult. The POA told me and monitored my funds. The bank also confirmed that the POA agreement exists.

 

[Perp]

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]

No, it is a bank POA for my savings account. It was done without my consent & I made a complaint to the bank.

 

[Perp]

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?

 

[Esperer]

Correct. Nothing except savings accounts