Can I close down a joint bank account by myself?
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Can I close down a joint bank account by myself?
One of you can’t close the account on their own until you’ve decided who gets the money. If you’re worried about your partner having access to shared money, you can speak to your bank or account provider and ask them to freeze your account. This means that neither of you will be able to take any money out.
What happens when you close a joint account?
The bank may let you close a joint savings account and take the other person’s inheritance, but that act could open yourself up to lawsuit or possibly fraud charges. Also, banks usually require you to show up in person to close a savings account.
Can my husband take my savings in a divorce?
A joint savings account belongs to both partners. You may act separately from each other, and both you and your partner can access the money in the account. When you separate from your partner, both you and your partner may block the account. If your divorce goes to court, the judge will divide the money.
