Banking under Enduring Power of Attorney

Roland Perry ukcrypto at chiark.greenend.org.uk
Thu, 9 Apr 2009 10:25:38 +0100


In article <49DDB219.28273.17E89B@davidh.spidacom.co.uk>, David Hansen 
<davidh@spidacom.co.uk> writes
>> | It is even possible to set up a Dual Administration system, where a
>> | second independent user must authorise any actions, such as
>> | payments.
>>
>> <http://www.rbs.co.uk/corporate/electronic-services/g1/bankline/admin-options.ashx>
>
>I have used such a system, with another bank (though these days most of
>them are our banks). If memory serves me correctly we had the choice of
>all, none or some transactions being authorised by more than one
>person.
>
>However, that was in the days before Internet based banking systems.

I've used such a system too. It was direct dial-in rather than "over the 
Internet". So just a form of security by obscurity.
-- 
Roland Perry