Law
A notarised power of attorney for a bank account or deposit lets you authorise another person — a family member, representative, or lawyer — to manage your funds on your behalf. As a practising notary in Tashkent, I explain how it is prepared, what documents you will need, and what to watch out for so the bank accepts it without issue.
If you are unable to visit a bank in person — due to illness, travel, a busy schedule, or any other circumstance — a notarised power of attorney for a bank account or deposit authorises another person to carry out transactions on your behalf. This is one of the most frequently requested documents in my practice: clients use it to act on behalf of elderly parents, to manage finances while abroad, or simply to delegate banking matters to a trusted person.
Key points to understand:
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Depending on how much discretion you wish to grant, a power of attorney for a bank account or deposit can cover a wide range of actions:
Practising private notary of the Yunusabad district of Tashkent. Certifies transactions, powers of attorney, inheritance and family documents under the law of the Republic of Uzbekistan.
If you cannot appear in person at the traffic authority (GAI) to register or deregister a vehicle, a notarially certified power of attorney allows you to authorise a representative to act on your behalf. This article covers the process, required documents, and key considerations for foreign and local vehicle owners alike.
| Action | Nature of Authority | Points to Consider |
|---|
| Cash withdrawals / fund transfers | Commonly granted | Consider specifying a monetary limit to manage risk |
| Depositing funds into the account | Included on request | Confirm whether the representative actually needs this |
| Obtaining account statements | Informational only | Useful for an accountant or legal adviser |
| Closing a deposit and collecting funds | Significant authority | Grant only to a fully trusted individual |
| Opening new accounts in your name | Extended authority | Typically reserved for a general power of attorney |
In practice, I always recommend the principle of proportionality: include only the powers that are genuinely needed. The broader the authority, the greater the care required in choosing your representative.
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The procedure is straightforward and usually completed in a single visit:
For current notarial fees, please confirm the applicable tariff with the notary at the time of your appointment, as rates are subject to periodic revision.
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A power of attorney terminates automatically in certain circumstances: expiry of its term, revocation by the principal, the death of either party, or a court ruling that the principal lacks legal capacity. The principal may revoke the document at any time through a notary, after which the bank must be notified of the revocation. I recommend keeping a second copy for your own records and informing the bank immediately if revocation becomes necessary.
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Can the representative sub-delegate authority to a third party?
Only if this is expressly provided for in the power of attorney and the sub-delegation is itself notarised. Without such a clause, sub-delegation is not permitted.
Will a foreign bank accept an Uzbek notarised power of attorney?
As a general rule, an apostille or full legalisation will be required, along with a notarially certified translation. Check the specific requirements of the relevant bank in advance.
Can a minor be named as a representative?
Legislation imposes restrictions based on legal capacity. In practice, representatives are required to have reached the age of majority.
Does the representative need to be present when the document is executed?
No. Personal attendance by the representative is not required for notarisation. Their passport details are sufficient.
What should I do if I have lost the power of attorney?
Contact the notary who certified the document. A record is retained in the notarial register, and a certified duplicate can be issued if needed.
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> *This article is provided for general information purposes only and does not constitute individual legal or notarial advice. Every situation has its own particular features, which should be discussed in a personal consultation.*
If you need a power of attorney for a bank account or deposit, I invite you to arrange a consultation at my notary office in the Yunusabad district of Tashkent. Together we will determine the appropriate scope of authority, draft the text precisely, and certify the document so that your bank accepts it without delay. Please reach out through any of the contact details listed on this website.
