POWER OF АTTORNEY FOR RECEIVING FUNDS: SAMPLES, REQUIREMENTS, AND PREPARATION ✅ THE DOCUMENTS ✅ SERVICES

Collect basic client information, purpose, amount, organization issuing funds.
Determine the type of power of attorney, single-use, general, with or without the right of substitution.
Assess whether notarization is required or if simplified certification is sufficient.
Identify any special requirements imposed by the bank or company.
Advise on the next steps and documents to prepare.

Draft the power of attorney based on the collected information.
Verify personal details of both the principal and the authorized representative.
Specify the exact amount, date, location for funds collection, and validity period.
Include or exclude the right of substitution, based on the client’s request.
Send the draft to the client for approval and make any necessary edits.

Review and confirm the final version of the power of attorney.
Ensure legal accuracy in the wording of powers granted.
Provide legal advice on risks, e.g., loss or misuse of the document.
Explain which supporting documents are needed to receive the funds.
Deliver the final version in PDF or Word format for signature.

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Power of аttorney for receiving funds: samples, requirements, and preparation

On the Consultant Legal Marketplace, you will find ready-made templates of powers of attorney for receiving funds, tailored to various situations such as receiving salaries, pensions, compensations, or funds from a bank. Our templates include a clear description of the amount, duration, and specific place of receipt — to help avoid refusals from institutions.

Requirements for Preparing a Power of Attorney for Receiving Funds

All our templates take into account the key legal requirements for preparing a power of attorney for receiving money:

A written form with the exact date and place of execution.
Full details of both the principal and the authorized person (full name, passport, tax number, address).
Clearly defined powers, for example: "receiving funds under agreement No. ... at bank No. ...".
Indication of the validity period (by default — one year if not specified).
Signature of the principal and the seal of a notary or other authorized person.

How to Prepare a Power of Attorney for Receiving Funds in Ukraine

Step 1. Choose a template on the Consultant Legal Marketplace website and enter your personal data.

Step 2. Submit the document for review — a legal expert from our platform will verify the details and clarify whether the document needs to comply with specific bank or company requirements.

Step 3. Choose the method of certification: a notary, or an authorized person of a bank or company — depending on the type of power of attorney.

Step 4. Receive the final signed document — with or without the right of substitution, as needed.

Who Can Certify a Power of Attorney for Receiving Funds

According to Ukrainian legislation, a power of attorney for receiving money can be certified by:

a notary;
an authorized official of a bank or enterprise — for example, in cases of salary or pension payments that do not require notarization.
On the Consultant Legal Marketplace, we will advise you on which option is best suited to your specific case.

Common Mistakes When Preparing a Power of Attorney for Funds

Lack of a clearly defined scope of authority, or example, receiving funds without clarification.
Insufficient details and missing information about the authorized person.
No validity period specified — in that case, the document is valid indefinitely but may be revoked at any time, balance.ua.
Improper certification: a notary is required, but it is certified by an official — or vice versa.
Failure to indicate the specific place or institution where the funds are to be received, such as a bank, accounting department, post office, etc..

Why Clients Choose Consultant

Legally verified templates. All power of attorney samples are created in accordance with current Ukrainian legislation and are tailored to the most common situations — such as receiving salaries, financial aid, or bank funds.
Individual document review. Before delivering the power of attorney to the client, our lawyers carefully review all the details to prevent errors or inaccuracies that could result in denial of payment.
Flexible formatting. You can select the validity period, choose whether or not to include the right of substitution, and specify the exact place where the money is to be received, bank, enterprise, post office, etc.
Certification guidance. We will advise you whether notarization is required in your case or if the signature of an authorized company or bank representative is sufficient.
Time efficiency. You do not need to deal with all the legal complexities yourself — we will prepare the document quickly and correctly.

Do not take risks with an incomplete or incorrect power of attorney — order a legally sound and secure document from Consultant Legal Marketplace that meets all legal requirements. Submit your request on our website, and we will help you select the most appropriate template for your needs.

Conclusion

Preparing a power of attorney for receiving funds is a responsible process that requires legal precision and attention to detail. An incorrectly drafted document may result in refusal of payment or create other legal complications. To avoid such risks, it is important to follow the legal requirements, clearly define the powers, and know who is authorized to certify the document.

By turning to the Consultant Legal Marketplace, you will receive not only a legally accurate document but also professional support at every stage. We will help you prepare a power of attorney that is accepted by any institution in Ukraine — quickly, safely, and without errors. Do not waste time — entrust the preparation of important documents to professionals.