Chris’s dad gave him access to his personal and business accounts at Sovereign Bank a few years ago. Now that he’s remarried, the dad wants to take Chris off and replace him with his new wife. This seems like it would be simple enough, but Sovereign says, not so fast. They can’t remove Chris’s access to the accounts unless he dies.
There are two big calendar dates in the offing for many consumers: Valentine’s Day and Tax Day. So it would only make sense to look at those stupid financial mistakes we make in the name of love.
V. and her parents are having a heck of a time cashing in the certificate of deposit they opened jointly. She says it just matured, but she’s in Canada (she doesn’t say where her parents are) and they gave power of attorney to another party. BofA won’t deal at all with this other person, but what’s worse, V. says they’ve taken her name off the account entirely.