What needs to be considered when authorizing a bank

If an older person appears in a bank branch accompanied by a third person, is visibly excited and wants to withdraw a large amount, employees should become suspicious.
Picture: dpa

Dealing with older people or sick people is often a balancing act for bank employees. A proxy could help – but it could also do the exact opposite. Correct and early prevention helps.

Dhe idea that you can no longer take care of the important things in your own life should be oppressive for everyone. Typically, many seniors get into this situation with increasing age. A tragic accident or a serious illness could affect everyone. And even if one might not want to deal with such questions at all, the correct and early provision can help to at least regulate the financial matters just in case. But caution is advised to make life easier for crooks.

When it comes to money matters, a power of attorney is an important keyword for a bank. In principle, this can be issued, for example, for a specific process such as a transfer. If the correct form is maintained, the staff of the money house should actually accept this individual authorization. But this is not certain.


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