What Is The Liability Of Withdrawing Money From A Joint Checking Account?
3 names on the account, parent /childern. All can sign checks individually. Not a trust or executor account.
1 Answer - Sort by: Date | Rating
The worst penalty I can think of would be embezzlement. For example if the child was on the account for emergency use only (it is not the bank's obligation to determine what is an emergency, you are placing your trust in the child) and they spent the money on drugs and booze then you could try and get a criminal complaint against them for embezzlement. This is more likely to be charged in a business situation than in a personal one.
0
0
- How To Write A Letter To Open A Pda Account In Concor?
- How To Check Saving Account?
- How Many Types Of A/c In SBI]?
- How Many Types Of Opening A/c In Sbi?
- What Is The Amount Of Money Required To Open A Savings Account In HDFC Bank?
- What Is My Account Balance In Sbi Unit Plus2 Policy No.245173091?
- How To Make A Opening And Operating Account?
- How I Check My Account Balance In Sbi Br Gorakhpur?
- How To Write A Letter To The Bank To Send My Statements On My Email And Not On My Home Address?
- What Bank Is 20-37-13?
- How To Check My Savings Account On BANCO DE ORO Through Net?
- How Can I Check The Balance Of Account Number 4214662415703645?
- A Daughters Bank Balance Is 1/6 Of Her Mothers And The Total Of Both Accounts Is $2870. Find The Balance In Each - Either Let X Be Mothers Balance Or Let X + Daughters Balance . One Way Has Fractions ( Which May Be Difficult) The Other Way Hasn't.?
- I Am A Union Bank Of India Holder How Can I Check My Account Balance?
- How Can I Know My Account Details Of Axis Bank Through Net?
- What Kinds Of Bank Heists Were There In The 1920's?
- I Have Had My Barclays Account Closed, But Now I Cant Open An Account Anywhere Else.. Is It Cos I May Have Overdrafted Twice On My Barclays Young Persons Account?
- How Can I Check My Federal Bank NARI Account Details Through Internet?
- How Can Icheck My Saving Account I Bank Of Baroda?
- How Do I Can Check My Account Details?
- How Many Rupees In My Bank Account?
- How Can I Check My Balance At Union Bank Of India?
- What Is The Difference Between A Savings And A Fix Account Account?
- Can I Check My Bank Of Scotland Account Online?
- How I Can Check My Federal Bank Account Balance?
Featured Question
- Business & Finance
- Personal Finance
- 401k
- Bank Accounts
- Bank Charges
- Bankruptcy
- Benefits
- Child Trust Fund
- Credit Cards
- Credit Unions
- Death Duty
- Debt
- Estate Planning
- Family Benefit
- Fraud
- IVA
- Income Tax
- Inheritance Tax
- Interest Rates
- Loans
- Money Software
- Mortgages
- Payday Loans
- Philanthropy
- Pocket Money
- Remortgages
- Stamp Duty
- Stimulus Checks
- Tax
- Tax Credit
- Transfer Money
New Comment - Comments are editable for 5 min.