Can my wife operate my current account when I am overseas?
Yes, provided you issue a mandate 1 to your bank and your bank approves.
In some instances, only short term appointments are allowed, e.g., for six (6) months or less.
The mandate must clearly specify:
- Identity of the mandatee
- Reason(s) and condition(s) of the mandate
- Effective period
- Mandate - A written instruction, normally in the bank's standard form, naming a person (the mandatee) who is authorised to sign and operate the current account.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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