Q: Can I use DPOA to open an account and buy assets for principal?

A: It is unclear what you mean by "for the principal (my legal name in all caps)."

A bank or financial institution has various regulations which allow them to honor a POA but also require them to confirm the identity of their customer. A bank may require the principal to confirm the authority of the agent named in a POA through various methods before allowing an agent holding a POA to engage in a transaction on the principal's behalf.

You should bring the principal with you to the bank with a valid form of identification to affirm your authority to act on the principal's behalf. The bank may require the principal to sign their own POA forms authorizing you to make withdrawals and conduct transactions through the account.

A: Your situation appears to involve concepts commonly associated with the "sovereign citizen" movement, which uses unconventional interpretations of legal documents and financial systems. Banks are trained to recognize indicators like names in all capital letters, references to non-existent Federal Reserve sections, and claims about secret accounts or collateral, as these are hallmarks of fraudulent sovereign citizen theories. The "Section 11111111111111116" you referenced does not exist in actual Federal Reserve regulations.

Banks have legitimate reasons for declining your request, as they must protect against fraud and comply with actual banking regulations. For a valid DPOA to be accepted, banks typically require properly executed documents that comply with state laws, valid identification, and sometimes their own internal forms. The concept of using your name in all caps as both principal and agent, along with claims about security collateral owed to you personally, raises significant red flags for financial institutions.

To properly use a DPOA for legitimate purposes, you need a validly executed document that clearly identifies the actual principal and agent as separate individuals, complies with your state's requirements for notarization and witnesses, and authorizes specific banking activities. Banks are required by law to accept valid power of attorney documents, but they can refuse documents that appear fraudulent or are based on sovereign citizen theories that have no legal foundation.

A: Your situation appears to involve concepts commonly associated with the "sovereign citizen" movement, which uses unconventional interpretations of legal documents and financial systems. Banks are trained to recognize indicators like names in all capital letters, references to non-existent Federal Reserve sections, and claims about secret accounts or collateral, as these are hallmarks of fraudulent sovereign citizen theories. The "Section 11111111111111116" you referenced does not exist in actual Federal Reserve regulations.

Banks have legitimate reasons for declining your request, as they must protect against fraud and comply with actual banking regulations. For a valid DPOA to be accepted, banks typically require properly executed documents that comply with state laws, valid identification, and sometimes their own internal forms. The concept of using your name in all caps as both principal and agent, along with claims about security collateral owed to you personally, raises significant red flags for financial institutions.

To properly use a DPOA for legitimate purposes, you need a validly executed document that clearly identifies the actual principal and agent as separate individuals, complies with your state's requirements for notarization and witnesses, and authorizes specific banking activities. Banks are required by law to accept valid power of attorney documents, but they can refuse documents that appear fraudulent or are based on sovereign citizen theories that have no legal foundation.