Online Power of Attorney for Financial Institutions

It is a legal document that allows a person to act on your behalf to carry out banking or financial transactions, such as opening accounts, signing loans, managing investments, contracting insurance, or carrying out any operation before banks, insurers, and other financial sector entities.

Being granted before a notary, it has full legal validity and is accepted by all financial institutions in Spain.

You can authorise a wide range of financial operations:

• Opening, managing, and closing bank accounts and deposits
• Signing personal loan and mortgage contracts
• Negotiating financial terms
• Contracting and cancelling insurance
• Investment operations (funds, shares, pension plans)
• Managing credit cards and financing lines
• Transfers, payments, and collections
• Submitting documentation to financial institutions

Yes, for it to have legal validity before banks and financial institutions in Spain, the power of attorney must be granted before a notary. Financial institutions require that these powers be properly formalised to guarantee the legal security of operations.

You can do this in person at any notary office or 100% online via video conference with a registered notary.

Yes, completely. With Notario.org you can complete the entire process 100% online via secure video conference with a registered Spanish notary. You only need:

• Stable internet connection
• Digital certificate or electronic identification system
• Identity document (ID, NIE, or passport)

The process is valid wherever you are, even if you reside in another country. You do not need to travel to Spain or physically attend any notary office.

The complete process is usually completed in 24-48 business hours:

• Sending documentation (5 minutes)
• Notary drafts the power (24 hours)
• Video conference with the notary (15-20 minutes)
• Receive digitally signed document (immediate after video call)

Once signed, the power of attorney has immediate validity and you can use it immediately at any financial institution.

You need to provide:

• Your identification: Valid ID, NIE, or passport
• Attorney-in-fact identification: ID, NIE, or passport of the person who will represent you
• Digital certificate: For electronic signature during the video conference
• Procedure details: Information about which financial operations you want to authorise and before which entities

You can and should specify exactly which operations your attorney-in-fact can perform. The power can be:

• Specific: Limited to a specific operation (for example, only signing a particular mortgage)
• Limited: For several specific procedures that you detail in the document
• General: For any financial operation before sector entities

Our notaries will advise you on drafting the power with the exact scope you need, balancing flexibility and security.

We recommend following these security measures:

• Trust your attorney-in-fact: Choose a person of absolute trust, as they will have the ability to carry out financial operations on your behalf
• Limit the scope: Clearly specify which operations they can perform and before which entities
• Set time limits: You can indicate an expiry date for the power
• Set financial limits: You can establish maximum amounts for certain operations
• Keep a copy: Always keep a copy of the granted power of attorney
• Revocation: Remember you can revoke the power at any time before a notary

Yes, absolutely. The power of attorney granted via video conference with a registered notary has exactly the same legal validity as one granted in person at a physical notary office.

Spanish legislation fully recognises the validity of electronic notarial documents, and all financial institutions are required to accept them without any difference from traditional powers of attorney.

The cost varies according to the complexity of the power and the powers it includes. At Notario.org we work with fixed prices with no surprises.

We provide you with a detailed quote before starting the procedure, which includes:

• Notary fees
• Personalised document drafting
• Video conference and digital signature
• Complete process management
• Document delivery in digital format

Contact us to receive a personalised no-obligation quote.

Yes, you can revoke the power of attorney at any time. To do so, you must:

• Grant a revocation deed before a notary (can also be done online)
• Formally notify the revocation to the financial institutions where the power has been used
• Notify the attorney-in-fact of the revocation

Once revoked, the power ceases to have effect and your attorney-in-fact cannot continue to act on your behalf. The revocation process can also be done 100% online with Notario.org.

If you grant the power via video conference with a Spanish notary through Notario.org, you do not need an apostille, as the document is granted directly in Spain and has immediate validity throughout the national territory.

You would only need an apostille if you grant the power before a notary in your country of residence and want it to be valid in Spain. In that case, The Hague Apostille certifies the authenticity of the foreign document.

With our online service you avoid this additional procedure and its associated costs.