answersLogoWhite

0

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.

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Finance

Can a creditor seize joint account with children?

Yes, a creditor can potentially seize funds from a joint account if one of the account holders has an outstanding debt. However, the rules can vary based on jurisdiction and the specific circumstances of the account. If children are named as joint account holders, the creditor may have limited access to those funds depending on local laws. It's advisable to consult a legal expert for specific guidance in such situations.


How can I cash a joint check?

To cash a joint check, both parties named on the check must endorse it by signing the back. Then, you can typically cash the check at a bank where at least one of the account holders has an account, or at a check-cashing store for a fee.


Can a joint bank account in Indiana be garnished or frozen from a judgment on a party who does not deposit funds?

Yes, if the debtor is a named party on the account the funds held in the account can be attached. The only way to avoid this is to close the account completely and reopen an account without the debtor on it. I have heard that it is even best to seek a completely different bank, to avoid errors from occurring.


Can the named ITF withdraw the bank account funds?

No the person can not transact on the account.


If boyfriend dies and you are named as beneficiary and executrix in will and there is a beneficiary on bank account who may be another person can I pay the loan and keep the vehicle in Vermont?

The bank account should pass to the named beneficiary.

Related Questions

Can a credit card company levy a bank accoun that is has Tenancy by the Entirety protection?

Not if only one of the account holders is the named debtor. However to protect such an account the non debtor account holder must notify the court, protection from levy of such an account is not "automatic".


Can a creditor seize joint account with children?

Yes, a creditor can potentially seize funds from a joint account if one of the account holders has an outstanding debt. However, the rules can vary based on jurisdiction and the specific circumstances of the account. If children are named as joint account holders, the creditor may have limited access to those funds depending on local laws. It's advisable to consult a legal expert for specific guidance in such situations.


How can I cash a joint check?

To cash a joint check, both parties named on the check must endorse it by signing the back. Then, you can typically cash the check at a bank where at least one of the account holders has an account, or at a check-cashing store for a fee.


What if individaul dies and has beneficiary on account?

If the decedent named a beneficiary on his bank account the beneficiary can obtain a certified copy of the death certificate and proper identification and visit the bank to close out the account and obtain the funds.


What services do Checkngo offer?

The company named Check N Go offers pay day loan services, as well as installment loans, check cashing services, title loans, and a prepaid debit card for account holders to have a paycheck directly deposited in the prepaid account.


Were people named after gods in ancient Greece?

Yes. Such a mythic account is; Heracles = Hera glory.


Is bank account joint if spouse not named on account?

No


Does an account become part of the living trust through a pourover will if a beneficiary is named on the account?

NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.


Can a joint bank account in Indiana be garnished or frozen from a judgment on a party who does not deposit funds?

Yes, if the debtor is a named party on the account the funds held in the account can be attached. The only way to avoid this is to close the account completely and reopen an account without the debtor on it. I have heard that it is even best to seek a completely different bank, to avoid errors from occurring.


Does Glenn Close have a son named Josh Close?

I would say no she doesn't have a son named Josh, as he was born in Oakville, ON Canada, and Glenn Close is American.


Can the named ITF withdraw the bank account funds?

No the person can not transact on the account.


Can the named account holder with a named trustee freeze the account?

Yes he can. He doesnt only have the power to do so he can migrate your testicles to his vagina if he wants to