All parties that hold the account jointly are liability for the activities in the joint account. Even if one party is found to be carrying out illegal activities, the other party too is held responsible for not notifying the law enforcement authorities' reg. the same. They cannot claim ignorance or innocence under such situations.
You may be able to add someone to your savings account ..contact the bank where you have the savings account for details
Yes. Bank is liable to pay the joint account holders jointly without any distinction ( subject to the operation instruction). Thus the liability to the bank also is joint.
please let us the procedure premier to normal savings account
Generally speaking, if the husband is not a joint accountholder or an authorized signer, he should not be permitted to withdraw money from his wife's personal account. As long as the wife reports the unauthorized withdrawal within the time frames required by your specific state statute, the bank is liable.
If it is a joint bank account, then yes. But a savings account cannot be drawn from very many times before handling fees are applied for most banks.
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
You can open a savings account at any bank or credit union. There are online bank savings accounts, too.
The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other
A Savings Account with an Indian bank will have 9 digits.
Yes it is possible to do so - PROVIDED - the account is in credit and the other account owners agree. It is best to do this in writing (see related question below). If the account is in arrears (overdrawn) the bank will not let you do this as you are joint and severally liable for the debt.
U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.
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