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Yes. You can have anyone you want (Your friend, family member, siblings etc.) as a joint holder of the account. However, if the account is already jointly held by you and another individual and you want to add your brother to it, you need the approval/permission of all the other parties who jointly operate the account before you can add your brother to you.
What else can I help you with?
Can I deposit my brother's check into my account?
No, you cannot deposit your brother's check into your account unless you have power of attorney or are a joint account holder.
What should you do if your brother made you a joint cardholder to help build your credit but his high balance is hurting your credit?
You can remove yourself from the account. Keep in mind that if it is a joint account you are still equably responsible for the debt incurred.
Can I deposit a joint check into my account?
Yes, you can deposit a joint check into your account if both parties are listed on the check and are joint account holders.
What happens if you have a joint account and one of the parties dies?
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.
Can my wife withdraw money from our joint account?
Yes, if your wife is listed as a joint account holder, she can withdraw money from the joint account without needing your permission.
Can i open joint checking account with your brother in Italy whiles I am in a broad?
can i open joint account with my brother in Italy whiles iam in a broad
Can I deposit my brother's check into my account?
No, you cannot deposit your brother's check into your account unless you have power of attorney or are a joint account holder.
What should we do to close our deceased mother's account that's a joint account with my brother and I?
If the account is a joint account with your mother, you and your brother, the surviving joint owners can close the account and share the balance. When the account was opened the three of you should have signed signature cards and all names should be listed as account owners. One or both of you should be able to simply make a withdrawal of the balance and close the account.
Joint account with your brother what happens if he files chapter 7 bankruptcy?
Joint accounts are included in an individual bankruptcy claim. Just how much of the value of the joint account is considered as your asset depends on history of the account, the type of account, and statutory details for certain types of assets / debts.
What should you do if your brother made you a joint cardholder to help build your credit but his high balance is hurting your credit?
You can remove yourself from the account. Keep in mind that if it is a joint account you are still equably responsible for the debt incurred.
What is the difference between a joint account and a beneficiary to a bank 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
Can I deposit a joint check into my account?
Yes, you can deposit a joint check into your account if both parties are listed on the check and are joint account holders.
Can you get out of a joint checking account?
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.
What happens if you have a joint account and one of the parties dies?
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.
You had a joint bank account with your mom she died and you were the beneficiary she owes federal taxes legally do you have to pay the taxes my brother was the executor of her will received all assets?
It depends on how the account is held. Generally joint accounts are held JTWRS, Joint Tenants With Rights of Survivorship, this means when one account holder dies, their share of funds automatically passes to the other account holder(s)and is not subject to taxation or probate procedure.
How is a joint banking account of an unmarried couple in the state of Indiana liquidated when one joint account owner passes away?
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.
Can my wife withdraw money from our joint account?
Yes, if your wife is listed as a joint account holder, she can withdraw money from the joint account without needing your permission.
