bank mandate

Definition

noun

a written order to a bank, asking it to open an account and allow someone to sign cheques on behalf of the account holder, and giving specimen signatures and relevant information

“ You should try and get a bank mandate so that you know that you are secure in what you are doing. ”

Was this Helpful? YES NO 10 people found this helpful.

“ My grandmother issued a bank mandate after she got too old to write her own checks, now my mother keeps track of all her assets and wealth. ”

Was this Helpful? YES NO 4 people found this helpful.

“ After becoming mentally unfit after his car accident, Tim wrote a bank mandate asking the bank to allow his son to sign all his banking needs. ”

Was this Helpful? YES NO 1 person found this helpful.