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Can one person cancel a checking account on a joint account?

There really isn't any money in it, unfortunately my daughter lost her job and I helped her as much as I could, now the bank is threatening with a charge off, I co-signed for her car which is automatically taken out, so I also just want to have that changed to my account, she has been getting into overdrafts now, I don't want my credit ruined, she is working again now but she is now not putting money into her account and she has other things automatically taken out. She isn't even talking to me now, because I told her she has to get 85.00 in her account today. She is 22 and lives 2 hours away, please help!

4 Answers

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  • 1 decade ago
    Favorite Answer

    yes you can close account. make her have her own account and just let her deal with her own overdraft issues. it is way too stressful to try and manage this for them.

    she will figure it out when left alone and has to deal with bank directly.

    Source(s): dad of 22 year old with same problem.
  • 1 decade ago

    Depends on what you signed up for when you 2 opened the account. Did you have that you needed 2 people to sign in order for money withdrawn? You really need to go down to the bank and see what they say. Usually if there was nothing stated when you signed up for the account then you can remove your name from the account. If the bank is the 1's that loaned for the car they are just going to want to know what account they will need to go to each month to get there money.

    There really is no yes or no answer to this, if you still have the account papers when you opened the account I would start there.

  • lucy
    Lv 4
    4 years ago

    relies upon on what you desperate once you opened the account. that's achievable to have 'every physique' signature selection, or achievable that 'the two signatures' selection. the 1st potential that the two of you may sign and make any differences and the latter potential which you the two could be present and sign to make differences.

  • ?
    Lv 6
    1 decade ago

    yes either you or her can close the account!! if she is not that responsible then it will be best for your credit to do so??

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