Q: Can my bank refuse to speak to an attorney that I retained to help handle my finances?
The customer service person said he needs to be granted a power of attorney first. I find that ridiculous. He is my attorney on retainer. They HAVE to work with him in that capacity- right?
A:
No they don't. This rule is very common in the financial industry. Why?
Because--other than your assurances--the bank has no other way of knowing the lawyer is who he says he is.
Stop and think this all the way through: The bank is protecting you--and all your money on deposit--from all possibilities. The bank is not stupid: They will keep the POA and then hide behind the POA if anything goes wrong.
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