Power of attorney
What is power of attorney?
Power of attorney for your bank accounts is a type of mandate. It is a legal instrument that allows an individual (called the mandator) to grant another individual (called the agent) the power to act on his/her behalf and in his/her name. Documents for power of attorney (banking or legal), may only be signed at the branch.
Power of attorney allows the agent to carry out banking transactions in the name and on behalf of the mandator at the BNP Paribas branch.
The following transactions: opening a bank account, conversion or closing of products and services, account transfers, must be provided for explicitly in the power of attorney.
Causes for revocation
The mandator may set an end date for the mandate. The mandator may also revoke the mandate at any time, by sending a signed statement to the bank, which is valid from the date of receipt by the bank. The bank will then inform the agent. The agent may also relinquish power of attorney by written notice to the bank, which will then inform the mandator.