Docstoc Legal Agreements
This Special Durable Power of Attorney for Bank Account Matters is used by an individual
to appoint an agent to handle bank account matters on behalf of the individual. Some of
the powers granted to the agent include making deposits, writing checks, opening
accounts, and authorizing withdrawals, but it can be customized to fit the specific needs of
the individual. This power of attorney grants specific powers to the agent related to banking
matters only. This document becomes effective when it is executed and remains in effect
in the event of the principal's disability or incapacity. It should be used by individuals
located in Minnesota who wish to appoint an agent to handle only matters related to bank
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SPECIAL DURABLE POWER OF ATTORNEY
FOR BANK ACCOUNT MATTERS
KNOW ALL MEN BY THESE PRESENTS:
That I, ____________________________ [Instruction: Insert the name of principal] residing
at _______________________________ [Instruction: Insert the address of principal]
(hereinafter referred to as the “Principal”), being of sound mind and memory, do hereby make,
constitute and appoint ____________________________ [Instruction: Insert the name of
agent] residing at _________________________________ [Instruction: Insert the address of
agent], as my true and lawful Agent (hereinafter referred to as the “Agent”), with full power and
authority to act for me, individually, and in my name, place and stead, with reference to the
transaction of any and all business related to or connected with my bank accounts at
____________________________ Bank [Instruction: Insert the name of bank] having its
principal place of business at ____________________________ [Instruction: Insert the
branch address of the bank], of County ____________________________ [Instruction:
Insert the county], of State Minnesota, (hereinafter referred to as the “Bank”), including, but not
limited to, the following:
1. Making deposits, transfers and withdrawals to or from any of my bank accounts at Bank.
2. Writing, making and endorsing checks, drafts and other instruments in connection with my
bank accounts at Bank.
3. Opening new checking, savings, money market, certificates of deposit, IRA’s (Individual
Retirement Arrangement) or other accounts in my name and maintaining same.
4. Approving and authorizing automatic withdrawals from my accounts.
5. Executing signature cards for accounts maintained or opened by my Agent in my name.
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6. To pay bills and other obligations of me, and to pay those bills on a current basis.
7. To manage my security holdings, and to employ or discharge professional financial advisors
and managers if the Agent believes to be important.
8. Borrow from time to time such sums of money as the Agent may deem fit and proper in order
to meet obligations rather than liquidate assets at depressed prices and execute promissory
notes, security deeds or agreements, financial statements, or other security instruments in
such form as the lender may request and renew said notes and security instruments from time
to time in whole or in part. [Instruction: Please remove th