said by capdjq:said by BrianON:Identity theft is becoming more of a problem and one way to counter it is tightening up various identification requirements and procedures for opening accounts and cashing checks. Bound to be some rough spots as this happens.
No kidding. Someone almost re-mortgaged my friend's home couple of months ago. Apparently his identity has been stolen. The police appear unable to help and he's had a tough time proving he's the real HE. If an unscrupulous daughter had withdrawn the money the Bank would have got all sorts of bad publicity.
And that bad publicity matters to the bank, but from a legal point of view, power of attorney is power of attorney. I don't think the bank should be second guessing it. It's up to the individual to whom they assign that power. If the person is being taken advantage of, that's very sad; but, there's not much the bank can do about it.
If I'm wrong about what the bank can do, I'd be happy to hear it.