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Implicity accepts power of attorneys
March 28, 2017
9:04 am
christinad
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I just chatted them and they will accept power of attorney so i guess not all manitoba cus don't accept. Again, posting separately so stored underneath implicity profile.

April 7, 2017
10:05 am
Cranston
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Hi, there. I have contacted Implicity and they say they do NOT accept them. I wonder if it is based on the province you live in or possibly everyone at Implicity is not on the same page?

April 7, 2017
2:53 pm
Loonie
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Perhaps something in writing would help. However, policies can always change. The time you'll need this is down the road probably.

I don't honestly see how a financial institution can do business without expecting to have to use powers of attorney at some point. If they all did this, no incapacitated person's bills would ever get paid.

April 8, 2017
9:45 am
Cranston
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Yes I have in writing. I only do emails for this type of information.....no phone calls. I will be phasing out Implicity.

April 8, 2017
11:36 am
Loonie
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Cranston said
Yes I have in writing. I only do emails for this type of information.....no phone calls. I will be phasing out Implicity.  

make sure you tell them why. Nobody can afford this kind of nonsense. Any of us might need this at some point.

April 8, 2017
11:41 am
Cranston
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Lol I will. But won't do till my last GIC matures. And that will be a few years. And I "was" going add TFSA and RRIF to them as well.

April 10, 2017
9:39 pm
Cranston
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Well, well. After being a little persistent and asking some "what if" questions the person was in contact with looked "a lttile further" into it and now says fhey DO accept POA. So be careful what you do or don't get in writing. So disappointing to not get a correct a answer from the "get go" for such an important question.

April 11, 2017
1:28 am
Top It Up
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ALL financial institutions accept duly notarized POAs.

April 11, 2017
5:41 am
christinad
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But it sounds like places like implicity and hubert don't have processes in place to deal with poas. This could mean your poa is hassled or access to money is delayed. I want to hear yes we accept poas, this is the process we use to deal with them and this is the time delay before you can expect access.

April 11, 2017
6:07 am
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I would expect it to take a day or 2 longer to get a POA in place for an online bank or an out-of-province CU versus a local storefront institution, where you can just walk in and produce the ORIGINAL notarized POA in person, along with proper identification.

For a fact, if you were dealing with one of the national banks, in Canada, and you were invoking a POA for an account(s) in another city, you would only need to go to a branch of that bank, in your city, with identification and the notorized POA document - both of which would be uploaded to the account(s) for future reference.

Again, ALL financial institutions accept duly notarized POAs.

April 11, 2017
9:12 am
christinad
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Unless you have actual experience using a poa with a manitoban cu, i take what you say with a grain of salt. Anyone with actual experience, please post.

I think i'll stick to bigger institutions with a track record for dealing with poas

April 11, 2017
12:16 pm
Loonie
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Perhaps the more useful question to ask would be "what is the process for setting up POA on account?", rather than whether they accept them. Don't invite the answer "no". Perhaps that will motivate them to check with senior management.
In general, I have found this is easier to do when the account holder is still capable and goes to the bank themselves to set it up.

April 11, 2017
1:55 pm
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My sincere apologies to the OP - see my comment on Outlook Financial.

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