When there are elderly people in the family who have difficulty walking and rarely go out, it is the children who take care of the banking or postal operations. It may also happen to have a delegation from a disabled relative who cannot go personally to the credit institutions. The other relatives could therefore ask themselves if whoever has the proxy on the current account or on the postal booklet can withdraw all the money in stock. In fact, it could happen that whoever has the proxy empties the holder’s deposit if the pathologies he suffers from worsen or shortly before his death.
In order to know when whoever has the proxy on the current account or on the postal booklet can withdraw all the money in stock, an important distinction must be made. Many may confuse the cointestazione with the simple delegation to operate on sums of money deposited with financial institutions. In the case of a current account or a joint savings book, both holders own 50% of the liquidity present. And in a previous article, the editorial team provided answers to the question: “Can all the money be withdrawn from a joint bank account? “.
Who has the proxy on the current account or on the postal booklet can withdraw all the money in stock?
Does granting the proxy to operate on one’s own savings account or passbook therefore involve risks? And is there a strategy to defend against the danger that those with the authorization to withdraw the money on deposit? And, in the event of the death of the owner, how can the other legitimate heirs be guaranteed that the delegate will not withdraw the money before the succession is opened? In the case of delegation with separate signature, the delegate can carry out operations on the account without the presence of the holder. So it is better that there is a relationship of trust. This is because whoever has the proxy could withdraw the sums of money in stock. Furthermore, by pretending that this is the will of the account holder or the holder of the book.
In the same way he could withdraw and spend money belonging to the delegator for personal needs. In the event of the death of the owner of the savings, the heirs should be aware of such embezzlement and, if necessary, demand their restitution. When the proxy is granted, the maximum limit for withdrawing or issuing bank transfers or transfers can be established in advance. In this way the account holder protects not only himself from the risk of being stolen sums of money, but also the legitimate heirs from the fear of theft. For further information, refer to the article “Is it possible to withdraw all the money from a joint post office book? “