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What else can I help you with?
Can a person close a bank savings account not in their name?
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
Can one person of a joint account close the account?
No. Actually, it depends on how the account is titled. If it is a Joint OR account, than yes, one person or the other can close it without the other. If it is a Joint AND account than both need to be present to close the account.
Do you need cause of death certificate to close deceased account with your name on the account?
Yes. If a joint account held by multiple parties is to be closed, the bank would require the signature of both or all parties involved. In this case, since one of the account holders is deceased, their death certificate is required for the bank to know that they are dead and you are now the only holder of the account and you can close it without any issues after you show them the document.
How can you close a credit card account?
pay the balance,if any,and cut that bad boy up -> YOU CAN CLOSE IT WITHOUT PAYING THE BALANCE (CONTINUE TO PAY SO AS NOT TO DAMAGE YOUR CREDIT)...BUT IF IT'S A PROBLEM ACCOUNT YOU ARE BETTER TO BE THE ONE CLOSING THAN HAVING THEM CLOSE IT ON YOU.
Can one owner close a joint savings account?
I think it depends on the institution, But as an employee of scotiabank, YES. Either one of the people (primary, or secondary) can close the account. Actually this is the only way to take someone's name off of a joint account as well. It has to be closed and reopened as a sole accounts for both parties.
What is an account name?
an account name is a username. if you have hotmail, facebook , msn or any type of thing to talk to people, you need a username to login to your account. you also need a password so no one can sneak in your account.
What is account name?
an account name is a username. if you have hotmail, facebook , msn or any type of thing to talk to people, you need a username to login to your account. you also need a password so no one can sneak in your account.
Can the bank legally take money from a joint bank account?
If it is a joint account yes. If that persons Social Security number is tied to that account it can be taken. If they are taking it for a lien or garnishment the best solution is to close the account and open it in one name only. The name of the person not being garnished.
What kind ofid account name shold be entered?
a one without any personal info
How can you close a fixed deposit account?
In order to close a fixed deposit account, one must contact their financial advisor and request the required form to close an account, and upon filling it out, it must be turned into the local teller.
Club bank account with three account holders named can just one of those people close the account and set up a new one?
No, everyone must be present to close the account. However, only one person is needed to transfer the money, unless you have set the account up for multiple signatories.
Can only 1 person close a joint checking account?
It turns out that the answer is yes, which was rather a surprise to me. A person I know closed her joint checking account (with her husband) after her divorce, because he kept overdrawing on the account. She tried to have her name removed from the account, but they wouldn't do that without him; however, bizarrely, they were perfectly happy to simply close the account on her say-so. (This may have been practical: they may have just decided "it's better for us to close the account than to take the one person who actually puts money IN off the account.")
