Power of Attorney

There may come times when you need to appoint someone to manage your financial affairs on your behalf.

To help you in this process, here are some simple guidelines.

Things to know 

What is a Power of Attorney? 

It’s a legal document that gives a trusted person the legal authority to act for you and make financial or legal decisions.

Why have a Power of Attorney? 

In case of accident, sudden illness, planned or unexpected absence, or when you just can’t cope, you may need to appoint someone to act on your behalf.

What’s the difference between a general and an enduring Power of Attorney? 

A general Power of Attorney is usually used on a temporary basis to let someone manage your affairs in your absence, such as if you’re travelling overseas and need someone to access your bank accounts on your behalf.

An enduring Power of Attorney lets someone manage your affairs on a long term basis, even if you lose the capacity to make decisions.

How can I use a Power of Attorney with Bankwest? 

Before you can operate under a Power of Attorney, you will need to provide us with a certified copy of it.

The Attorney should also provide us with appropriate identification. We’ll then review the Power of Attorney – allow around one to three days for this.

If you’d like to take out a loan product under the Power of Attorney, you may need to ensure that it’s registered with your relevant State or Territory land titles office before you provide it to Bankwest.

Where can I get further information about a Power of Attorney? 

Contact your State or Territory Public Trustee’s office, Public Advocate or visit their websites for further information.

Need more help?

If you still need help you can speak to someone from the team.