managing your accounts
power of attorney

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.

Some examples:

  • subscription, modification or cancellation of products and services
  • deposits, withdrawals, transfers, issue of checks, etc.
  • placing stock market orders

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.

The power of attorney document is available at the branch, where the original will be kept.

The mandator

  • The mandator must be over 18 years of age (or a minor declared of full age and capacity) and qualified at the moment the power of attorney is signed
  • The mandator is responsible for transactions carried out by the agent
  • The mandator may delegate only those powers that he/she holds

The agent

  • The agent acts for and on behalf of the mandator
  • If the agent is not a customer, the agent must provide his/her civil status, address and an original paper copy of his/her signature to the branch where the documents were signed
  • The agent exercises only those powers granted by the mandate
  • The agent must not have had banking privileges suspended either by a bank nor the courts
  • In the event that there are several agents, the power of attorney must specify whether the agents must act jointly or if they may carry out transactions separately
  • The agent is not permitted to delegate all or part of the powers granted to him/her by the mandator

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.

Power of attorney terminates automatically after the bank is informed of the following events:

  • the death of the mandator or agent
  • personal bankruptcy, forbidden management, receivership or court-ordered liquidation of assets of the mandator or agent
  • legal incapacity of the mandator or the agent (guardianship or trusteeship)
  • end (closing, termination, etc.) of the products and services mentioned in the power of attorney

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