Answer:
Any restrictions on withdrawals would be governed under state law. I personally would not rely on a note from the customer. When the son abuses the account and you go to court for foreclosure, I would not want to be standing in front of a judge with a napkin in my hand. If she wants her son to have access to the account she should execute an appropriate power of attorney.
First published on BankersOnline.com 2/02/09