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#2242923 - 09/22/20 07:23 PM Guardianship Account Question
Bankwoman1 Offline
Diamond Poster
Joined: Dec 2015
Posts: 1,068
Midwest
If the guardianship documents we receive when opening a guardianship account state that a court order is required for any withdrawals from account, should the bank have an alert on the account so tellers are informed to check for a court order? Or is it strictly the job of the guardians to report any withdrawals back to the court? I've been told we do need a note in the past and I've also been told it's not the banks responsibility....

Thanks!

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#2242926 - 09/22/20 07:35 PM Re: Guardianship Account Question Bankwoman1
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
You need to be sitting down with your legal counsel on this question. It is a State jurisdictional issue.
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#2242929 - 09/22/20 07:46 PM Re: Guardianship Account Question Bankwoman1
Bankwoman1 Offline
Diamond Poster
Joined: Dec 2015
Posts: 1,068
Midwest
Thanks Randy. I have emailed my question to our legal team.

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#2243277 - 09/29/20 04:56 PM Re: Guardianship Account Question Bankwoman1
chenin Offline
Diamond Poster
chenin
Joined: Jul 2007
Posts: 2,120
When we get an order like that we are able to restrict the account. The teller would need to request an over ride in order to complete the transaction.

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