You can provide authority to access your accounts to people in your life such as your partner, a family member or a financial intermediary like a financial adviser or an accountant.
Different levels of third party account authorities are available depending on the account you hold, including:
- View and enquiry
- Fee authority
- Authorise government/tax payments
- General withdraw authority
- Authorised signatory authority.
It’s important to remember that third party authorities allow significant access to your account(s) that would normally be limited to you and/or other account holder(s) only. For your protection, you may want to make further enquiries to understand the scope and powers provided under third party authorities before allowing such access.