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Closing a Joint Account
Question: A married couple have a joint checking account with us. Now they are getting a divorce. Can the husband take his wife's name off the account?
Answer: No. However, either party may draw all the money out of the account and open a new account. The bank is not required to know who contributed what to the account. Any party may close a joint account.
Open a new account.
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Click here to see archive of all Legal Ease Q&A.
Comments & Questions
If you would like
to comment on legislative topics or if you have questions about this
information please call our public affairs expert, Mae Beth Palone at
(800) 749-4228 or E-mail mbpalone@ibat.org.
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