Can a poa change the beneficiary on an account in the bank?

A power of attorney (POA) generally allows an agent to manage financial matters on behalf of the principal, including bank accounts. However, whether a POA can change a beneficiary on an account depends on the bank's policies and the specific language of the POA document. Some banks may restrict this authority, considering beneficiary designations as non-transferable. It’s essential to check with the bank and review the POA to determine the agent's specific powers.