If you have a joint checking account, both you and the other person whose name is on the account can access and use the account funds. This works well for many couples and families, however, sometimes circumstances change and you no longer want the other person access to your money. For example , if you divorce or your partner become disabled, you may want to remove it from your account . The only way to remove the name of a person from a joint checking account is to close the account and open a new account with just your name. Get in touch with an attorney if the other person on the account prevents you attempt to do this.
- Visit the bank in person. Ask to speak to the bank manager.
- Explain to the bank manager that your name is on a joint checking account, and would like to delete. Remove the entire balance of the account for the administrator to close the account and open a new account with the funds you just removed.
- Provides a certificate of death showing that the account holder has died, if you are an authorized user of the account instead of a co-owner of the account. The bank then close the account.
- Get in touch with your lawyer if you need to close a joint account because of a divorce and the assets in the account are assigned to your ex-spouse. Your lawyer can ask the court to compel your ex-spouse close the account and open a new account in your name.
Tips and Warnings
- Never leave open a joint account, you are not using, because the other account holder can affect your financial health and your reputation bank for overdrawing the account.Also, if the account holder owes money to another debtor, its creditors can seize the joint account.