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I have a savings account with TD Bank and wish to give my brother, who does not live in the area, Power of Attorney on the account in the event I am incapacitated. (I wanted to add him as a joint holder of the account, but was told that is not possible unless he comes to my branch in person. That is not feasible at this time.) Can I give him Power of Attorney if he is not physically present? Thank you.
August 10, 2016 08:43:37 AM
In reply to Jan, Arlington
Hello Jan, and welcome to the TD Helps Community. We'll be sure to guide you in the right direction today.
Typically, both parties need to be present in order to register POA papers as both signatures are required to complete the maintenance form.
Given your particular situation, we recommend reaching out to your local TD Bank Store or the location where the account will be opened to see if there is another option to add your brother to your account account as Power of Attorney without him being present. To find out TD Store locations near you, please visit, http://go.td.com/1f9DSJR.
To revoke a Power of Attorney on a deposit account (Checking, Savings or Money Market), you may visit your local TD Bank Store to fill out a Revocation of Power of Attorney form.
If you have any additional questions in the meantime, please give our Banking Specialists a call 24/7 at 888-751-9000. They will be happy to assist you with any concerns.
We wish you the best of luck, and please take care Jan!
Alara B, Mount Laurel
August 10, 2016 08:43:56 AM