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. [More]
joint accounts
5 Financial Mistakes We Make When Blinded By Love
By 2.8.11
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. [More]
How To Come Clean To Your Spouse About Financial Infidelity
By 2.1.11
Last month, we wrote about the Forbes survey that found that nearly one-third of of those who combined finances had admitted to lying to spouses about money. But once you’ve cheated, what’s the best way to come clean to your better half? [More]
Bank Of America Took Customer's Name Off CD, Won't Give Her Access Now
By 2.1.10
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. [More]
