Cryptocurrency Q&A
Can someone else withdraw money for me?
Can someone else withdraw money for me?
Lucia
Sat Nov 30 2024
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6 answers
803
I am wondering if it's possible for someone else to withdraw money for me from my bank account. I may not be able to go to the bank in person, so can someone I trust do it on my behalf?
6 answers
PulseRider
Mon Dec 02 2024
Financial institutions provide individuals with the option to appoint a signor for their account.
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Valentina
Mon Dec 02 2024
Being a signor entails the ability to execute financial transactions on behalf of the account holder.
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SilenceStorm
Sun Dec 01 2024
Specifically, a signor can issue checks drawing funds from the account holder's bank account.
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EnchantedSoul
Sun Dec 01 2024
Additionally, they possess the authority to make withdrawals without the account holder's physical presence.
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BlockProducer
Sun Dec 01 2024
This arrangement is beneficial as it allows for seamless access to funds in cases of emergency or when the account holder is unable to manage their finances personally.
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