Online bank that accepts local bank as durable POA

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills.
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Topic Author
Bullhead5829
Posts: 28
Joined: Sun Mar 29, 2020 2:47 pm

Online bank that accepts local bank as durable POA

Post by Bullhead5829 »

After initiating an inquiry almost two months ago, my current online bank (Barclays US) informed me that they accept only individuals as durable Power Of Attorney for my Online Savings and Certificate of Deposit accounts there, not my local brick and mortar bank which is named in my durable POA. Does anyone in the community know which, if any, of the major online banks accept a local bank (and thereby its trust department) as durable POA in case it is needed in the future? Otherwise my only recourse might be to accept the lower savings and CD rates of my local bank, and move the majority of deposits there. Thank you.
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