Accepting Powers of Attorney on Deposit Accounts

June 4, 2024
Live Webinar
DateJun 4, 2024Duration90 minutes
08:00 AM PDT09:00 AM MDT
10:00 AM CDT11:00 AM EDT
    • Unlimited connections for your institution
    • Available on desktop, mobile & tablet
    • Take-away toolkit
    • Presenter’s contact info for questions
On-Demand Webinar
  • Unlimited & shareable access starting two business days after live stream
  • Available on desktop, mobile & tablet devices 24/7
  • Take-away toolkit
  • Ability to download webinar video
  • Presenter's contact info for questions
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Is an attorney-in-fact actually an attorney?

How much power does a power of attorney have? How many types of POAs are there? What documentation must be supplied? What fiduciary authority is involved? Are there special requirements? What risks are involved? Can you afford to miss this training?
  • Distinguish among the various types of power of attorney (POA) documents (durable, springing, limited, military, etc.) and when they can be used
  • Understand the attorney-in-fact’s fiduciary duty and what actions they can and cannot take
  • Identify the red flags that might indicate the attorney-in-fact is exceeding their authority
  • Explain the difference between an attorney-in-fact, a representative payee, and an authorized or convenience signer on an account
  • Describe the special requirements regarding joint ownership accounts and trust accounts


Powers of attorney are complex legal documents used on a daily basis to transact business on deposit accounts. If your institution doesn’t handle a specific situation properly, it can be exposed to significant risk if the attorney-in-fact intentionally (or innocently) acts outside the scope of their authority. This webinar will explain everything you need to know when dealing with powers of attorney on deposit accounts and steps you can take to reduce risk.


This informative session will be useful to all deposit operations personnel, including new accounts personnel, deposit account officers, tellers, attorneys, compliance personnel, auditors, and managers.


  • Checklist of important questions to ask before accepting a POA on a deposit account
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Elizabeth Fast, JD & CPAElizabeth Fast
Spencer Fane LLP