He can file a lawsuit against you, but more than likely a judge will side with you. A joint account is considered joint property and it is almost impossible to sort out whose money is whose.
Full ownership of a joint account passes to the surviving joint owner unless the joint account was set up for purposes of convenience only and the account is otherwise devised in a will.
No. Two minors can not open a joint account
A joint bank account is something that is owned/controlled by more than one person. So, to divide a joint bank account, the joint account holders have to come to an agreement as to who will be the sole owner of the account. Then, they must visit the bank and submit a written request. The bank will change the account to a single owned account after receiving the No Objection Letter from the other holders of the account.
Of course. That's the purpose of a "joint" account.
Theoretically speaking - Yes. Any number of people can have a joint account. But, practically speaking only 2 or 3 people hold a joint account together. The more the number of joint account holders, the more difficult it gets to handle the transactions in the account for both the customers and the bank.
Both people can and that's why it's called a 'joint account.' If you have one with a live-in boyfriend or your husband than both of you would have access.
Yes, if it's a joint account in both your names. No, if the account is only in your name, unless it can be proven that he makes deposits into that account.
what happens when cv joint breaks when you are driving on freeway
Talk with your banker. After talking with you banker, if you absolutely need to, talk with your lawyer. You may be eligible for re compensation from your boyfriend or ex-boyfriend.
a joint account is an account that is joint together for an opening account. While beneficiary account are people that gain some promo from the bank
A Joint Savings Account is when two people have joint access to the savings account. If a Wife and Husband, Boyfriend and girlfriend, parents and child open a Joint Account then "either" one of them can access ALL the money in the account. If one of them is involved in an illegal activity the Police can freeze the WHOLE account and "can" take ALL the money. It would be up to you to prove the money didn't come from the illegal activity. (Actually they would freeze separate accounts in the same household also) Good and bad parts are you both can access the money as needed, but the other person can "empty" the account with out your say so.
A Joint Savings Account is when two people have joint access to the savings account. If a Wife and Husband, Boyfriend and girlfriend, parents and child open a Joint Account then "either" one of them can access ALL the money in the account. If one of them is involved in an illegal activity the Police can freeze the WHOLE account and "can" take ALL the money. It would be up to you to prove the money didn't come from the illegal activity. (Actually they would freeze separate accounts in the same household also) Good and bad parts are you both can access the money as needed, but the other person can "empty" the account with out your say so.
Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.
Full ownership of a joint account passes to the surviving joint owner unless the joint account was set up for purposes of convenience only and the account is otherwise devised in a will.
The surviving joint owner is the sole owner of the account and can maintain it or close it. That is the reason for having a joint account.
No. Two minors can not open a joint 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.