Thread Options
#1350554 - 03/01/10 06:45 PM AUTHORIZED SIGNER
Tessie Offline
100 Club
Joined: Jan 2006
Posts: 155
Can an authorized signer be on a joint OR an individual account?
An authorized signer does not have ownership of the account, but I read that an authorized signer could close an account. So they can close an account and take the money?

Return to Top
Deposits and Payments
#1350557 - 03/01/10 06:47 PM Re: AUTHORIZED SIGNER Tessie
madukes Offline
Diamond Poster
Joined: Jul 2009
Posts: 1,448
Flyers Country
wouldn't an authorized signer on a personal account have to be a POA? The POA would spell out their rights/limitations.

Return to Top
#1350567 - 03/01/10 07:05 PM Re: AUTHORIZED SIGNER madukes
BrendaC Offline
Power Poster
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
tasha - Some states allow convenience signers on joint accounts. You need to refer to your state statutes for clarification. You should also review your deposit account agreement; it could have limitations as well.
Life without Jesus is like an unsharpened pencil - it has no point.

Return to Top

Moderator:  John Burnett