It has both of our names but the money is mine. But lately she has been trying to buy a house/store and she keeps transferring money to her other accts without telling me before she did it! It angers me because she thinks just because she is my sis...she can do it!@ She said she will transfer the money back into our acct from her bus acct...it's not about that!
2006-07-28 07:50:18 · 10 answers · asked by JM 1 in Business & Finance ➔ Personal Finance
If you have joint ownership, she has as much right as you do to that money. You can see if your financial institution will allow the removal of a joint owner from the acct, if so , you can take her off but she has to sign to agree to being taken off.
You could close the acct, and give her her share, then set up your own acct, or withdraw your portion from the acct.
Unfortunately, when you put someone on your acct, you are fully trusting them. Consider setting up your own, as a sole owner, you can make her beneficiary on it, which means she can have the money if something happens to you, but she does not have the right to touch it otherwise.
Good luck !
2006-07-28 08:24:33 · answer #1 · answered by Mx2 4 · 1⤊ 0⤋
As long as it is a shared account you cannot stop her from taking money off. Transfer you money into another account that you own or take her off your joint account. However, for that you need her signature on a form that has to be signed in front of a bank agent. If you don't own any other account, open one and transfer your money just the same way she does. For the money gone already, ask her to sign a paper stating the sum she owes you and the date of returnal. That way she proves she is committed to give you back the money and is ready to give you some kind of assurance.
2006-07-28 08:10:26 · answer #2 · answered by Handsome X 1 · 0⤊ 0⤋
You would have to set it up so there is an alert that she has no signing no access to the account. But you should probably just open your own account without her. If you are worried about what will happen to the money if something happens to you, just make her beneficiary. But if she is a signer on the acct as well, she has full reign.
2006-07-28 07:56:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hi JM:
Finantial issues are a delicated and important things in life.
I suggest to you that try first to talk to your sister. Communication and mutual undestanding is very important.
Money comes only with great sacrifices in work. Therefore is very important to know that because a great effort is needed to obtain it, it is important that you be very intelligent to spend it.
After you talk to her. Determine on your own if you consider that you can share the account with her and if it is mature enough to have the responsability.
A person that takes something easily for the first time can easily do it more times.
Wish you the best to solve this.
Sincerely
Juan Miguel
2006-07-28 08:03:13 · answer #4 · answered by JM Robles 1 · 0⤊ 0⤋
Remove your portion of the money. Then take your name off the account and then open a seperate account. She is using you.
2006-07-28 07:56:02 · answer #5 · answered by rltouhe 6 · 0⤊ 0⤋
The shared account is a really poor idea. Get your own account., and get your name off the other. Be an adult (not trying to insult you) and make your sister be one.
2006-07-28 07:54:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Nope, dont ever have joint accounts with ANYONE, not even a spouse. It will eventually lead to issues like this one.
2006-07-28 07:53:24 · answer #7 · answered by wrf3k 5 · 0⤊ 0⤋
It's time you have your separate accounts. That's the only solution.
2006-07-28 07:54:03 · answer #8 · answered by spot 5 · 0⤊ 0⤋
take your money out and open your own account.
2006-07-28 08:19:21 · answer #9 · answered by kvuo 4 · 0⤊ 0⤋
you cant do nothing about it.
the money you got there is considered by the "law" to be YOURS (YOURS AND YOUR SISTER's) and the money you got there isnt really YOURS (yours) its YOURS (urs and ur sister's)
Dont share bank accounts...... what can I say........
2006-07-28 07:57:07 · answer #10 · answered by Arcady 3 · 0⤊ 0⤋