Power of Attorney Format for Bank Account

SPECIAL POWER OF ATTORNEY FOR BANKING AND FINANCIAL TRANSACTIONS

Document Control ID: POA-BNK-2024-V4.01
Effective Date: [Effective Date]
Version: 4.01 - Institutional Standard
Governing Jurisdiction: State/Commonwealth of [State/Jurisdiction]

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IMPORTANT LEGAL AND STATUTORY COMPLIANCE NOTICE

NOTICE TO PRINCIPAL: THIS IS AN IMPORTANT LEGAL INSTRUMENT. THE POWERS GRANTED HEREIN ARE BROAD AND SWEEPING WITH RESPECT TO YOUR BANKING AND FINANCIAL ACCOUNTS. BY SIGNING THIS DOCUMENT, YOU ARE AUTHORIZING AN AGENT (ATTORNEY-IN-FACT) TO TRANSACT UPON, ACCESS, DIRECT, AND CONVEY FUNDS FROM YOUR DESIGNATED FINANCIAL ACCOUNTS AS FULLY AS YOU COULD PERSONALLY. THIS INSTRUMENT IS EXECUTED PURSUANT TO AND GOVERNED BY THE UNIFORM POWER OF ATTORNEY ACT (UPOAA) (OR APPLICABLE STATE STATUTORY EQUIVALENT) AND INCORPORATES COMMERCIAL BANKING COMPLIANCE STANDARDS UNDER ARTICLES 3, 4, AND 4A OF THE UNIFORM COMMERCIAL CODE (UCC), 31 C.F.R. PART 1010 (FINCEN CUSTOMER DUE DILIGENCE REGULATIONS), AND APPLICABLE FEDERAL AND STATE BANKING STATUTES.

NOTICE TO THIRD PARTIES AND FINANCIAL INSTITUTIONS: ANY FINANCIAL INSTITUTION, BANK, TRUST COMPANY, SAVINGS AND LOAN ASSOCIATION, CREDIT UNION, BROKER-DEALER, OR CLEARING ORGANIZATION RECEIVING AN EXECUTED COUNTERPART OR VERIFIED COPY OF THIS DOCUMENT MAY RELY WHOLEHEARTEDLY UPON THE VALIDITY OF THIS POWER OF ATTORNEY AND THE CONTINUED AUTHORITY OF THE AGENT APPOINTED HEREIN UNLESS AND UNTIL ACTUAL WRITTEN NOTICE OF REVOCATION, COURT ORDER, OR NOTICE OF TERMINATION IS DELIVERED TO AND FORMALLY LOGGED BY SAID INSTITUTION'S LEGAL OR COMPLIANCE DEPARTMENT. NO FINANCIAL INSTITUTION SHALL INCUR ANY LIABILITY FOR RECOGNIZING THE POWERS CONFIRMED HEREIN IN GOOD FAITH.

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1. PARTIES AND RECITALS

This Special Power of Attorney for Banking and Financial Transactions (the "Power of Attorney" or "Agreement") is entered into and made effective as of [Effective Date] (the "Effective Date"), by and between:

• THE PRINCIPAL: [Principal Full Legal Name], an individual residing at [Principal Street Address, Suite/Apt], City of [City], State of [State], Zip Code [Zip Code], with Social Security Number / Tax Identification Number ending in [Last 4 Digits of SSN/TIN] (the "Principal"); and
• THE ATTORNEY-IN-FACT: [Attorney-in-Fact Full Legal Name], an individual residing at [Agent Street Address, Suite/Apt], City of [City], State of [State], Zip Code [Zip Code], possessing Government-Issued Identification Type: [Driver's License / Passport], Identification Number: [Identification Number] (the "Attorney-in-Fact" or "Agent").

RECITALS

WHEREAS, the Principal maintains, or intends to establish, various deposit, checking, savings, commercial, certificate of deposit, money market, custodial, or investment accounts with domestic and international financial institutions, including, but not limited to, the designated institutions set forth herein;

WHEREAS, the Principal desires to appoint the Attorney-in-Fact to act in the Principal’s name, place, and stead for the explicit purpose of managing, directing, executing transactions within, and administering certain banking and financial affairs as comprehensively delineated in this instrument; and

WHEREAS, the Attorney-in-Fact desires to accept such appointment and agrees to act in a fiduciary capacity, adhering strictly to the fiduciary standards, legal duties, and instructions set forth by the Principal and the laws of the Governing Jurisdiction.

NOW, THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which are hereby mutually acknowledged, the Principal designates, appoints, and empowers the Attorney-in-Fact pursuant to the following operative terms:

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2. OPERATIVE CLAUSES & LEGAL TERMS

SECTION 1: APPOINTMENT, SCOPE OF AUTHORITY, AND DESIGNATED ACCOUNTS

1.1 Appointment

The Principal hereby irrevocably (subject to Section 4 herein) designates and appoints [Attorney-in-Fact Full Legal Name] as the Principal’s lawful, true, and authorized Attorney-in-Fact, granting unto said Agent full legal power and authority to act for, in the name of, and on behalf of the Principal with respect to any and all banking transactions, accounts, and financial affairs specified herein.

1.2 Designated Institutions and Accounts

The scope of this Power of Attorney applies with full legal effect to all transactions conducted at:

• Primary Financial Institution: [Bank Full Legal Name] (the "Bank"), located at [Bank Branch Address];
• Designated Account Numbers:
  1. Account Type: [Checking / Operating / Savings / Payroll], Account No.: [Account Number 1]
  2. Account Type: [Checking / Operating / Savings / Payroll], Account No.: [Account Number 2]
  3. Account Type: [Money Market / CD / Investment], Account No.: [Account Number 3]
• Universal Banking Scope Option: If marked here [ X ] (Principal Initial: _____), this Power of Attorney extends to ANY and ALL financial, depository, or brokerage institutions where the Principal holds legal, beneficial, or equitable title to accounts, whether opened prior to, concurrently with, or after the Effective Date hereof.

1.3 Enumerated Banking Authorities

The Attorney-in-Fact is granted the following express, exhaustive, and specific powers:

(a) Deposit and Negotiate Instruments: To endorse, sign, cash, deposit, negotiate, and deliver checks, drafts, cashier's checks, traveler's checks, promissory notes, certificates of deposit, money orders, warrants, and electronic items payable to the Principal, and to credit the proceeds to the Principal's accounts.

(b) Disburse and Withdraw Funds: To draw, make, sign, and deliver checks, drafts, electronic fund transfers (EFT), Automated Clearing House (ACH) debits, automated teller machine (ATM) withdrawals, point-of-sale (POS) debit transactions, and written withdrawal slips against any balance standing to the credit of the Principal.

(c) Wire Transfers and UCC Article 4A Instructions: To initiate, execute, amend, cancel, authenticate, and confirm domestic and international wire transfers through the Fedwire, CHIPS, SWIFT, or equivalent interbank clearing networks, and to execute, deliver, and agree to standard financial institution wire transfer and funds transfer agreements, security procedures, PINs, callbacks, and verification algorithms.

(d) Opening, Maintaining, and Closing Accounts: To open new deposit, checking, savings, escrow, or time deposit accounts in the Principal's name; to modify, amend, renew, consolidate, split, or close any such existing or newly established accounts; to sign signature cards, account agreements, fee schedules, and related institutional disclosures.

(e) Safety Deposit Box Access: To rent, lease, obtain access to, inventory, deposit property into, remove property and contents from, exchange keys for, and surrender or terminate the lease of any safe deposit box, vault, or storage facility maintained by the Principal at any banking institution.

(f) Online, Electronic, and Mobile Banking Operations: To establish, enroll, access, manage, update, and configure digital banking platforms, usernames, passwords, security questions, multi-factor authentication (MFA) credentials, API access, and mobile application profiles; to receive, access, and review electronic statements, tax documents (Forms 1099, 1042-S, etc.), transaction histories, notices, and communications on behalf of the Principal.

(g) Negotiation of Credit, Overdraft, and Ancillary Facilities: To negotiate, establish, draw against, and manage commercial credit lines, standby letters of credit, overdraft protection agreements, and revolving credit facilities directly attached or ancillary to the designated accounts, excluding, however, the authority to encumber the Principal’s real property unless specifically authorized by an external real estate power of attorney.

(h) Endorsement of Claims, Disputes, and Discrepancies: To dispute unauthorized debits, endorse forged signatures notifications, challenge accounting errors, demand reconciliation of statements, file identity theft and fraud affidavits under Regulation E and Regulation Z, and negotiate settlements with financial institutions concerning account disputes.

1.4 Express Limitations on Authority

Unless explicitly endorsed with a separate addendum signed by the Principal, the Attorney-in-Fact is explicitly prohibited from:

1. Gifting, transferring, or alienating the Principal's funds to the Agent directly, or to the Agent's creditors, except as permitted under Section 2 (Compensation and Reimbursable Expenses);
2. Changing, altering, designating, or revoking any existing beneficiary designations, "Payable on Death" (POD) designations, or "Transfer on Death" (TOD) clauses on any account;
3. Creating, altering, amending, or revoking any inter vivos trust established by the Principal; and
4. Appointing a substitute or subordinate agent, or delegating any fiduciary powers granted herein, without the advance written consent of the Principal.

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SECTION 2: FIDUCIARY DUTIES, COMPENSATION, AND EXPENSES

2.1 Fiduciary Standard of Care

The Attorney-in-Fact shall act with the utmost good faith, undivided loyalty, and high standard of care applicable to a fiduciary in the Governing Jurisdiction. The Agent shall keep the Principal's assets strictly segregated from the Agent’s personal or commercial assets. Under no circumstances shall the Agent commingle the funds of the Principal with the funds of the Agent or any third party.

2.2 Duty to Account and Record Retention

The Attorney-in-Fact shall maintain a meticulous, contemporaneous ledger of every deposit, withdrawal, wire transfer, expenditure, payment, check issuance, and transaction executed pursuant to this Power of Attorney. The Agent shall preserve all cancelled checks, receipts, bank statements, wire receipts, and reconciliation reports for a minimum statutory retention period of not less than seven (7) years. The Agent shall provide an exhaustive accounting to the Principal (or the Principal’s legal representative, conservator, or auditor) within fifteen (15) calendar days of receiving a written request.

2.3 Compensation and Reimbursable Expenses

(a) Professional Compensation: The Attorney-in-Fact [ SHALL / SHALL NOT ] (Principal Initial: _____) receive reasonable compensation for administrative and managerial services rendered hereunder. If permitted, compensation shall be calculated at the rate of $[Amount in USD] per [Hour / Month / Transactional Milestone], not to exceed a monthly maximum of $[Maximum Cap in USD], payable strictly via documented invoice and subject to the Principal’s prior written approval.
(b) Expense Reimbursement: The Attorney-in-Fact shall be entitled to direct reimbursement out of the Principal's accounts only for actual, verified, out-of-pocket, reasonable operational expenses (e.g., overnight courier, certified banking fees, wire transfer network fees) directly incurred in the lawful performance of duties under this instrument. All reimbursements must be substantiated by written receipts, itemized statements, and underlying financial documents.

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SECTION 3: DURABILITY AND INCAPACITY

3.1 Durability Clause

THIS IS A DURABLE POWER OF ATTORNEY. This Power of Attorney shall not be affected, invalidated, or impaired by the subsequent mental disability, incompetence, physical disability, incapacity, or partial/total cognitive decline of the Principal, except as provided by applicable statute. The powers granted herein shall continue in full legal force and effect until formal revocation, termination, or the death of the Principal.

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SECTION 4: TERM AND REVOCATION

4.1 Term

This Agreement commences on the Effective Date and shall remain in effect continuously until the earliest to occur of:

1. The death of the Principal;
2. The complete legal revocation of this instrument by the Principal via a written, notarized Notice of Revocation;
3. The formal resignation or court-mandated removal of the Attorney-in-Fact without a designated successor; or
4. The expiration date of [Date] (if left blank, this instrument has an indefinite term until revoked or terminated by law).

4.2 Revocation Mechanics and Notice to Financial Institutions

The Principal may revoke this Power of Attorney at any time, with or without cause. No revocation, modification, or termination shall be effective against any designated Bank or third-party financial institution until such institution receives actual written, executed, notarized notice of such revocation at its designated operations, branch, or legal service processing office, and the financial institution has had a commercially reasonable operational period (not less than two (2) business days) to update its core banking systems, check-cashing verification systems, and fraud prevention controls.

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SECTION 5: RELIANCE BY THIRD PARTIES AND BANK HOLD HARMLESS

5.1 Third-Party Inducement and Reliance

The Principal hereby induces all financial institutions, clearing houses, brokers, and third parties to rely fully upon this instrument. Any third party dealing with the Attorney-in-Fact hereunder may presume conclusively that:

1. This Power of Attorney is valid, active, and fully enforceable;
2. The Principal was competent at the time of execution;
3. The Attorney-in-Fact’s authority remains unrevoked, unamended, and unrestricted; and
4. Any act, instrument, instruction, or wire directive issued by the Attorney-in-Fact is lawful and binding upon the Principal.

5.2 Indemnification and Hold Harmless of the Bank

The Principal, for the Principal's self, estate, heirs, personal representatives, successors, and assigns, hereby unconditionally agrees to indemnify, defend, and hold harmless each financial institution (including [Bank Full Legal Name]), its parent companies, affiliates, subsidiaries, directors, officers, agents, and employees, from and against any and all claims, demands, liabilities, losses, costs, damages, suits, judgments, actions, and expenses (including reasonable attorneys' fees, paralegal fees, and court costs) arising out of, relating to, or resulting from the Bank’s good-faith recognition of, reliance upon, compliance with, or performance under this Power of Attorney, or any instructions, orders, checks, or fund transfers originated by the Attorney-in-Fact, unless such loss is the direct consequence of the Bank’s gross negligence or willful misconduct.

5.3 Photocopies and Digital Counterparts

All parties agree that a reproduced facsimile, high-resolution portable document format (PDF), electronic image, or certified true copy of this original, fully-executed, and notarized Power of Attorney shall be deemed as valid, binding, and legally operative as an original ink-signed counterpart for all financial, judicial, and transactional purposes.

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SECTION 6: LIMITATION OF LIABILITY AND AGENT INDEMNIFICATION

6.1 Standard of Agent Liability

The Attorney-in-Fact shall not be liable to the Principal, the Principal’s estate, heirs, or beneficiaries for any loss, depreciation of assets, transaction loss, or missed financial opportunity resulting from errors of judgment made in good faith, except to the extent that such loss is directly caused by the Agent's bad faith, fraud, intentional misconduct, gross negligence, or willful breach of fiduciary duty under this Agreement or applicable law.

6.2 Agent Defense and Legal Costs

In the event the Attorney-in-Fact is made a party to any litigation, arbitration, administrative proceeding, or audit by a third party, bank, or government authority arising solely out of actions lawfully taken in good faith on behalf of the Principal pursuant to this Power of Attorney, the Agent shall be reimbursed by the Principal (or out of the designated accounts) for all reasonable legal fees, expert witness fees, and litigation expenses incurred, subject to immediate clawback if a court of competent jurisdiction determines that the Agent acted with gross negligence, willful misconduct, or engaged in intentional bad-faith conversion of assets.

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SECTION 7: CONFIDENTIALITY AND SECURITY CREDENTIALS

7.1 Confidential Information Defined

"Confidential Financial Information" includes, but is not limited to, account numbers, routing numbers, account balances, transaction data, investment holdings, Social Security numbers, taxpayer identification numbers, PINs, multi-factor authentication passcodes, software keys, digital signatures, passwords, and security challenge responses.

7.2 Non-Disclosure Covenant

The Attorney-in-Fact shall hold all Confidential Financial Information in strict confidence and shall not disclose, duplicate, publish, distribute, or disseminate such information to any third party, individual, corporate entity, or platform, except as strictly required to execute authorized transactions with the designated Bank, comply with legal process, or satisfy applicable FinCEN, IRS, or state regulatory reporting mandates.

7.3 Credential Protocols and Return

The Attorney-in-Fact shall protect all online access credentials, hardware tokens, debit cards, checkbooks, and communication devices with industry-standard security measures. Upon the revocation, termination, or expiration of this Power of Attorney, the Agent shall immediately surrender and deliver to the Principal (or the Principal’s legal representative) all checkbooks, unused check blanks, bank debit cards, security key fobs, hardware tokens, records, and digital credentials in the Agent’s possession or control, and shall immediately de-register the Agent’s mobile devices and workstations from the Bank’s multi-factor authentication systems.

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SECTION 8: DISPUTE RESOLUTION AND ARBITRATION

8.1 Mandatory Good-Faith Negotiation

Prior to initiating any formal legal or arbitral proceedings, the Principal and the Attorney-in-Fact agree to meet and confer in good faith, within ten (10) calendar days of written notice of a dispute, to attempt to amicably resolve any controversy, breach, or claim arising out of or relating to this instrument.

8.2 Binding Arbitration

If the dispute cannot be resolved through negotiation within thirty (30) calendar days, all controversies, claims, or disputes arising out of, relating to, or resulting from this Power of Attorney, including the scope, validity, and arbitrability of this clause, shall be submitted to and settled exclusively by final and binding commercial arbitration administered by the American Arbitration Association (AAA) (or JAMS) in accordance with its Commercial Arbitration Rules.

• Arbitration Venue: The arbitration proceedings shall be conducted exclusively in the County of [County], State of [State].
• Arbitrator Panel: The matter shall be heard by a single, neutral arbitrator who is an attorney licensed to practice law in the Governing Jurisdiction with not less than ten (10) years of substantial experience in commercial banking and fiduciary litigation.
• Judgment: The arbitral award shall be final, unappealable, and binding, and judgment upon the award rendered by the arbitrator may be entered and enforced in any court of competent jurisdiction.
• Attorneys' Fees: The prevailing party in any such arbitration or related litigation shall be entitled to recover from the non-prevailing party all reasonable attorneys' fees, expert fees, administrative arbitration fees, and legal expenses incurred.

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SECTION 9: GOVERNING LAW AND JURISDICTION

This Power of Attorney, its validity, interpretation, performance, and enforcement, shall be governed by, construed under, and interpreted in accordance with the substantive laws of the State/Commonwealth of [State/Jurisdiction], without giving effect to any conflict-of-law principles that would require the application of the laws of another jurisdiction. Subject to the arbitration requirements of Section 8, the parties hereby consent and submit to the exclusive personal and subject matter jurisdiction of the state and federal courts situated in [County] County, [State/Jurisdiction].

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SECTION 10: MISCELLANEOUS PROVISIONS

10.1 Severability

If any term, provision, covenant, or restriction of this Power of Attorney is held by a court of competent jurisdiction or arbitrator to be invalid, void, illegal, or unenforceable, the remainder of the terms, provisions, covenants, and restrictions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated, and this instrument shall be construed as if such invalid, void, or unenforceable provision had never been contained herein.

10.2 Entire Agreement

This Power of Attorney, together with any formal signature cards or master agreements executed at the Bank referencing this appointment, constitutes the entire, comprehensive agreement between the Principal and Attorney-in-Fact with respect to the banking authorities designated herein, superseding all prior oral or written discussions, promises, memoranda, representations, or understandings.

10.3 Counterparts and Electronic Signatures

This document may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Execution via secure, verified, cryptographic digital signature services (such as DocuSign, Adobe Sign, or state-recognized Remote Online Notarization [RON] platforms) compliant with the federal Electronic Signatures in Global and National Commerce Act (ESIGN, 15 U.S.C. § 7001 et seq.) and the Uniform Electronic Transactions Act (UETA) shall have the full legal force, dignity, and effect of an original manual ink signature.

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3. FORMAL SIGNATURE AND ACKNOWLEDGMENT BLOCKS

IN WITNESS WHEREOF, the Principal has executed and sealed this Special Power of Attorney for Banking and Financial Transactions on this _____ day of ______________, 20.

PRINCIPAL SIGNATURE BLOCK

FOR PRINCIPAL:

Signature: __________________________________________________
Printed Name: [Principal Full Legal Name]
Tax Identification (Last 4): [Last 4 Digits of SSN/TIN]
Principal Address: [Principal Street Address, Suite/Apt]
City, State, Zip: [City, State, Zip Code]
Date: ________________________

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NOTARY PUBLIC CERTIFICATE OF ACKNOWLEDGMENT

State/Commonwealth of: ___________________________
County of: ___________________________

On this _____ day of ______________, 20, before me, the undersigned Notary Public, personally appeared [Principal Full Legal Name], known to me (or satisfactorily proven to me on the basis of credible, government-issued photographic identification: ___________________________) to be the individual whose name is subscribed to the within instrument, and acknowledged to me that they executed the same freely, voluntarily, and knowingly for the purposes and considerations therein expressed.

WITNESS my hand and official notarial seal.

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Signature of Notary Public
My Commission Expires: ___________________________
[Notary Seal]

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ATTORNEY-IN-FACT ACCEPTANCE OF APPOINTMENT

The undersigned, [Attorney-in-Fact Full Legal Name], hereby accepts the appointment as Attorney-in-Fact under this Special Power of Attorney for Banking and Financial Transactions, confirms receipt of an executed counterpart hereof, and expressly acknowledges, covenants, and agrees to assume, execute, and be bound by all the powers, responsibilities, fiduciary duties, and limitations set forth herein and under the laws of the Governing Jurisdiction.

FOR ATTORNEY-IN-FACT / AGENT:

Signature: __________________________________________________
Printed Name: [Attorney-in-Fact Full Legal Name]
Title: Attorney-in-Fact / Designated Agent
Identification Type/No.: [Government ID Type and Number]
Date: ________________________

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BANK ACKNOWLEDGMENT AND ACCEPTANCE OF RECORD (FOR INSTITUTION USE ONLY)

The undersigned financial institution hereby acknowledges formal receipt of a copy of this Special Power of Attorney on this _____ day of ______________, 20. The instrument has been reviewed by the compliance/legal verification team, verified against the Principal's existing customer profile, and entered into the institution's core account system.

FOR FINANCIAL INSTITUTION:

Signature: __________________________________________________
Printed Name: [Authorized Bank Officer Name]
Official Title: [Branch Manager / Vice President / Legal Operations]
Financial Institution Name: [Bank Full Legal Name]
Branch / Routing No.: [Branch Location / Routing Transit Number]
Date: ________________________

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4. STEP-BY-STEP EXECUTION, VERIFICATION & FILING GUIDE

This operational standard guide details the step-by-step instructions required to successfully deploy and validate this instrument across institutional banking environments.

+-----------------------------------------------------------------------------------------+
|                                    WORKFLOW SUMMARY                                     |
|                                                                                         |
|  [Phase 1: Customization] ---> [Phase 2: Execution] ---> [Phase 3: Notarization]       |
|                                                                    |                    |
|  [Phase 5: Operational Launch] <--- [Phase 4: Bank Review & KYC] <--+                    |
+-----------------------------------------------------------------------------------------+

Phase 1: Document Customization in Processing Applications (Word / Docs)

1. Search and Replace Bracketed Fields: In Microsoft Word (Ctrl+H) or Google Docs (Ctrl+F), complete all bracketed terms:
   • Replace [Principal Full Legal Name] and [Attorney-in-Fact Full Legal Name] with precise, unshortened legal names exactly matching government-issued identity documents (Passports or Real IDs).
   • Enter the exact account numbers ([Account Number 1], etc.) and ensure the specific branch details are recorded accurately.
   • Enter the state/jurisdiction in [State/Jurisdiction] and the county in [County].
2. Review Universal vs. Limited Account Scope: Under Section 1.2, verify whether the instrument covers only specific listed accounts or if the Universal Banking Scope Option box is checked and initialed by the Principal.
3. Verify Durability and Compensation Settings: Check the desired option in Section 2.3 regarding whether the Agent is compensated or serving strictly pro bono/gratuitously.

Phase 2: Signatory Authority Verification (KYC / CDD)

1. Collect Supporting Identity Documents:
   • Prepare a clear, color copy of the Principal’s unexpired Passport or State Driver's License.
   • Prepare a clear, color copy of the Attorney-in-Fact’s unexpired Passport or State Driver's License.
   • If the Principal is an entity (LLC/Corporation) using this for institutional commercial banking, attach:
     • Certificate of Good Standing (issued within the last 30 days).
     • Certified Corporate Resolution or LLC Operating Agreement authorizing the creation of the Power of Attorney.
     • Ultimate Beneficial Ownership (UBO) certification forms as required by 31 C.F.R. § 1010.230.

Phase 3: Formal Execution and Notarization

1. Physical Signing (Wet Ink):
   • The Principal MUST NOT sign the signature block until directly in the physical presence of a licensed, commissioned Notary Public.
   • The Notary must execute the jurat/acknowledgment block, verify identification, apply an official rubber stamp or embossed seal, and record the event in their official notarial register.
2. Remote Online Notarization (RON):
   • If executing digitally (DocuSign, Notarize, Proof, OneSpan), ensure the platform complies with state RON statutes (utilizing multi-factor credential analysis, dynamic Knowledge-Based Authentication [KBA], and recorded audiovisual sessions).
3. Agent Acceptance:
   • The Attorney-in-Fact must execute the Attorney-in-Fact Acceptance of Appointment block before any banking institution will permit active operational management.

Phase 4: Financial Institution Onboarding and Review

1. Delivery to Bank Legal/Compliance: Deliver an original counterpart or certified copy to the Bank’s branch manager or legal intake unit.
2. Execution of Internal Signature Cards: Most institutional banks (e.g., JPMorgan Chase, Bank of America, Wells Fargo, Citibank) mandate that the Agent execute their specific, internal proprietary Bank Signature Card and complete their internal corporate Resolution for Power of Attorney. The Agent should request this appointment proactively.
3. Receipt of Completed Bank Acknowledgment: Have the bank officer sign the Bank Acknowledgment and Acceptance of Record block included in this document, and obtain a timestamped copy for your records.

Phase 5: Record Retention, Monitoring, and Revocation Logging

1. Vault Storage: The Principal must store the physical, ink-signed original in a secure, fireproof repository or safe deposit box accessible by the Principal's trusted personal representative or general counsel.
2. Periodic Audit: The Principal must establish calendar reminders (minimum semi-annually) to audit transactions, review electronic statements, and inspect ledgers produced by the Agent pursuant to Section 2.2.
3. Revocation Execution: Should the Principal choose to revoke this agency, the Principal must immediately:
   • Execute a formal Revocation of Power of Attorney.
   • Transmit certified copies via registered return-receipt mail and electronic mail to the designated bank managers.
   • Demand the immediate return and de-provisioning of all hardware keys, security tokens, and passwords pursuant to Section 7.3.