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I'm the Queen of the Click..Brooklynite taking over the world from her computer. MCSE, Martha Stewart Wanna Be.























June 7, 2012

Can a checking account co-owner be removed?

Rochelle wrote and asked: Can a checking account co-owner primary be removed?  No Rochelle, a co-owner of an account can not be removed from the account.

If the account was in trust for someone, then you can remove that person’s name from the account and put another person if you like.  If when you owned the account OR when you decided to add someone to this account – they became a co-owner and it’s considered a joint account.

If you need to get your money some place where it is safe withdraw the money and place it into another account at a different bank. This may be bringing on a legal battle in court if  you co-mingled your money and that other person can show that they deposited money or their paycheck into that account.

Hugs,
marlene

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