How military personnel can issue a power of attorney for a bank account during the war - explanation from the Ministry of Justice

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The Ministry of Justice and the NBU explained the rules for issuing a power of attorney for bank accounts for military personnel. The document can be certified free of charge by unit commanders.

The Ministry of Justice and the National Bank of Ukraine have launched a series of materials regarding the financial rights of military personnel and their families. This was reported by UNN with reference to the Ministry of Justice.

Details

The goal of the project is to provide simple and clear explanations regarding financial management during service, as well as to increase the awareness of defenders in this field.

What is a power of attorney and what does it provide

A power of attorney is a document that grants a representative the right to act on your behalf. In particular, they can:

  • contact the bank and receive information about the account;
    • withdraw funds, make transfers, pay bills;
      • open or close accounts;
        • submit applications and sign documents.

          A representative can be any adult with legal capacity (a relative or another trusted person). At the same time, one or several persons can be designated as representatives.

          How to issue a power of attorney

          The document is drawn up in free form but must contain:

          • details of the principal and the representative;
            • account details;
              • a clear list of powers;
                • validity period (if necessary), date, and place of drafting;
                  • signatures of the parties.

                    At the same time, it is important to define as specifically as possible which actions are permitted to the representative.

                    Who can certify a power of attorney

                    During martial law, this can be done by:

                    • a notary;
                      • an official of a local self-government body (in rural areas);
                        • a military unit commander;
                          • the head or a doctor of a military medical facility (if you are undergoing treatment);
                            • an authorized bank employee.

                              The Ministry of Justice noted that powers of attorney certified by commanders or medical facilities have the same legal force as notarized ones.

                              It should also be noted that:

                              • a power of attorney can be for a fixed term or indefinite;
                                • certification by a commander is free of charge;
                                  • to use the power of attorney, the representative will need a passport and a Taxpayer Identification Number (RNOKPP).

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