Originally posted by Y2KSVT:
So my questions:
1)Don't they need both people's signatures to take a name off of a joint account? Should they just open up another account and transfer the money without consulting her?

2)Shouldn't they still hold him responsible, as the checks that he sent out had HIS name on them as well? Couldn't they just debit his account for these fees?

3)Does she have any recourse in this, or is she stuck with just paying the fees?
Mark



I've been in the banking industry for 13+ years now. I've seen the scenario you described many times. Unfortunately, he was must have been the joint owner (second on the account) Otherwise he couldn't have just removed his own name. With that said, she's the primary, thereby fully responsible for what occurs with the account. That includes any activities perpertrated by the former joint owner. The bank is under no obligation to go after him for the fees since the checks attempted to clear on the account that now only has her name on it. Her only choice for recourse is to pay the fees or file a claim in small claims court for this situation. I wish I could give you better news.

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