I need Power of Attorney to open a bank account, what is it?

Usually it’s a director or a member of the board taking care of opening a business bank account, but that might not be everyone’s case, in fact, a lot of companies, mainly large ones, appoint one of the chiefs or a department leader. That person will act on behalf of the company and the board of directors, therefore, needs power of attorney, i.e.: a document signed (or e-signed) by the director that grants them the right to speak for you with the bank.

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