Power Of Attorney Clause

Summary

The phrase managing general banking affairs in a power of attorney generally covers transacting, depositing, and withdrawals. However, its advisable to specify these actions explicitly to avoid ambiguity. A well-written clause should include the authority to manage all general banking affairs, including transacting, depositing, withdrawing, and managing funds in any account held in the principals name. Consulting a legal professional is recommended to ensure the clause meets all needs and complies with local laws.

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give me a well written clause to cover this
Here's a well-written clause you can consider for a Power of Attorney to cover banking transactions:
Clause: Banking Authority
"The Agent is hereby granted the authority to manage all general banking affairs on behalf of the Principal. This includes, but is not limited to, the ability to transact, deposit, withdraw, and manage funds in any account held in the Principal’s name at any financial institution."
It's always a good idea to consult with a legal professional to ensure the clause meets all your needs and complies with local laws.
Start the clause with Managing general banking affairs
Here's a revised clause starting with "Managing general banking affairs" for a Power of Attorney:
Clause: Managing General Banking Affairs
"The Agent is hereby granted the authority to manage general banking affairs on behalf of the Principal. This includes, but is not limited to, the ability to transact, deposit, withdraw, and manage funds in any account held in the Principal’s name at any financial institution."
Consulting with a legal professional is recommended to ensure compliance with local laws and to address any specific needs.
is this the best phrasing: "*.*.* Managing general banking affairs. This may include, but is not limited to transacting, depositing, withdrawing, and managing funds in any account held in the Principal’s name at any financial institution"
Case Rating: *
The phrasing you've provided is quite clear and comprehensive for covering general banking affairs in a power of attorney. It specifies key actions such as transacting, depositing, withdrawing, and managing funds, which helps avoid ambiguity. However, consulting a legal professional for final review and compliance with local laws is always advisable.