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In Missouri, the POA can not add himself as a joint signer to any accounts in the name of the person he is POA for. POA can not add himself as a beneficiary to any accounts. The POA is acting as an agent for the person he is representing and should only act for their best interest.

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Q: Can my POA agent open a joint checking account in your name with himself as a joint owner without your signature?
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Can a 16 yr. old open a checking account without a parent's signature?

There are some banks (for example First Bank) that will allow you to open a checking account without parental consent if you are under 18. You should check with individual banks around your area.


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