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Can a debt collector take money out of a joint checking account if debt is only owed by one person?
Wiki User
∙ 14y ago
Yes and no, a debt collections company can not just take money from your account without going through the legal process of obtaining a levy or garnishment on the account. The only time that is not true, would be if they are recovering a bad check wrote on that account and it meet the requirements under the Check 21 laws for re-presentment. However, if you live in a community property state you have to remember that the law considers both account holders 100% owners of the account and any balance, or debt therein.
Wiki User
∙ 14y ago
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Do I as a joint person on a checking account have the right to the check book One of the owners of this account has another person with power of attorney handling the account?
Yes. As a joint owner of the account you have as much right to the account as the other joint owner.
Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
Can one person remove the other persons name from a joint checking account?
No, they cannot.
Can a debt collector pull funds out of a joint account if the person holding the debt is not the primary account holder?
yes. i had it happen to me
What rights does a joint checking account give you?
It means that more than one person is authorised to write cheques on that account.
What happens to a Joint checking account is formed one person dies does the other have the right to that money?
yes they do
Can a joint checking account be frozen if the account holders are not married?
yes it can..the banks does not care if it is a joint account or not and they do not care if you are married
Can you have a checking account in your name and require 2 signatures to with draw money with out putting that person joint on your account?
No, typically in order to require two signatures for withdrawing money from a checking account, you would need to add that person as a joint account holder. This means they would have equal access to the account and be able to make transactions independently as well.
Do both parties have to sign checks drawn on a joint personal checking account?
Typically no. A regular joint checking account just allows two people to have access. Either person can write checks, use a debit card, withdraw money, etc.
Joint checking account do both have to sign check?
no
In the State of Michigan can a joint checking account be garnished if only one person on the account has the judgment against them?
In Michigan, a joint checking account can potentially be garnished if one person on the account has a judgment against them. The funds in the account are typically seen as joint property, meaning they can be used to satisfy the debts of any account holder. However, there may be exceptions if the non-debtor can prove that the funds in the account are solely theirs. It is advisable to consult with a legal professional for specific advice regarding your situation.
