Notarized, meaning documents that have been verified by a Notary Public, play an important role in the world of banking.
I this article, we’re going to explore the meaning of notarized documents in detail and answer common questions that we receive on the topic.
This article is part of our free series on international banking ranging from our free guide on bearer shares to opening accounts remotely.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
Notarized, meaning verification by a Notary Public, refers to the legal authentication of documents. This document verification includes confirming the authenticity of the signatures, identity verification, and the voluntary signing of the document.
In other words, when a document is “notarized”, the Notary Public has confirmed that the document has legal validity. This is one way to ensure fraud prevention and the credibility of the documents in a wide range of settings.
In the world of banking, notarized documents take on a whole new meaning. This is because having documents notarized can provide compliance teams with the necessary confidence that documents are credible.
Likewise, notarized documents provide banks with an additional level of trust and authenticity. This may come in handy in regulatory investigations or legal proceedings in the future. This is because it can demonstrate that compliance is taking all necessary steps to verify the authenticity of documents and client information.
What Is a “File Notarization”?
If you have been asked to have a file or document notarized, this simply means that you need to have the document verified by an authorized party. As mentioned above, the authorized party that needs to “notarize” the document is a Notary Public that has been duly authorized by the relevant jurisdiction.
Do You Want Our Free Non-Resident Banking Guide?
Sign up here to receive our Free Non-Resident Banking Starter Guide and weekly updates on the best account opening options available:
Frequently Asked Questions
Below are a few of the most common questions we receive from people looking into the meaning of notarized. If you have further questions you would like to ask our team, don’t hesitate to get in touch.
What Does “Notarized” Mean in Terms of a Document?
“Notarized” means that a document has been (or needs to be) verified by a representative of the related jurisdiction. This representative is a Notary Public. When a document is notarized, the parties signing the document, their signatures, and the fact that the document was executed freely, are verified by the Notary Public. The Notary Public then places their stamp or seal on the document, along with their signature, to officially “notarize” the document.
What Is the Meaning of the Word Notary?
The meaning of the word “Notary” is an individual who can verify documents in a specific jurisdiction. This verification includes confirming parties, and identities, and that the agreement is of free will. This person is as a Notary Public or Notary.
Why Does a Document Need to Be Notarized?
Documents need to be notarized in order to verify that the signatures are correct, the identity of the individual signing is accurate, and the document itself is authentic. This level of verification can be important, especially when providing documents from a different jurisdiction, where local authorities will not be familiar with the local document formats or verification procedures.
Who Can Notarize Documents in India?
To notarize documents in India you will need to visit a Notary Public. The Central or State government appoints a Notary Public in India. Importantly, a Notary Public is the only person in India that can officially notarize a document. In most cases, Notaries are legal professionals with at least 10 years of experience practicing law, who have the authority to verify signatures, identities, and documents.
Do You Want Help Opening Bank Accounts?
If so, you can get access to GlobalBanks IQ in just a few clicks.
GlobalBanks IQ is our flagship international account opening solution. It gives you instant access to the…
+ Expert insights on which banks to choose & why
+ Step-by-step reports to open accounts in the best banking hubs
+ GlobalBanks international bank database & detailed bank profiles
+ Tried & tested banks for high-risk, offshore, & non-resident clients
+ Plus, get YOUR most pressing bank account opening questions answered by our team!
And “yes!” GlobalBanks IQ helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks IQ even helps non-resident, foreign & offshore entities open bank accounts.
Use the link in our menu above to learn more about GlobalBanks IQ. Or, contact us directly with any questions!