When it comes to opening and operating your company's payment account, two types of people have the authority to do so:
- Your company's legal representative, as specified in your official registration documents.
- An individual authorized through a Power of Attorney (POA).
If an individual holds power of attorney for your company's payment account, keep in mind that the company remains the account holder. The person with power of attorney acts as an account member, with permission to manage the account.
When the designated person completes the onboarding form to open your payment account, they will be required to submit a power of attorney document signed by the company’s legal representative, along with the legal representative's identity document.
Power of Attorney documents
Provide an official, signed power of attorney document. If you don't have a power of attorney document, download and fill out the forms provided by Swan:
- English: Power of Attorney template
- French: Power of Attorney template
How to fill out the Power of Attorney document
When filling out the power of attorney document, the following information is required:
- Legal representative and company details: provide their full name, date of birth, place of birth, the company name, and registration number.
- Declarative statement: add a statement allowing the chosen person to open and operate your payment account on your behalf.
- Designated individual's details: specify their full name, date of birth, place of birth, and their title or position within the company.
- Enclosed documents: mention that the company’s legal representative's identity document is enclosed.
- Date and location: indicate the place, city and country, where the power of attorney was signed, and the date of signing.
- Signature: make sure that the power of attorney is signed by the company's legal representative.
Only written signatures are accepted. We don't accept digitally signed documents.
Tips for Power of Attorney submissions
- Matching information: ensure the details in the power of attorney align with the company's information, including the name and registration number.
- Employee connection: the designated account member should have a legitimate connection to the company, such as being an employee.
- Separate files: upload the power of attorney and the legal representative's identity document as separate PDF files.
- Quality copies: provide a clear, full-color scan of the legal representative's ID document.
By following these guidelines, you can ensure a quick and smooth process for opening your payment account. If you have further questions, submit a request to Swan Support.