VinnieK Posted September 18, 2022 Share Posted September 18, 2022 Self explanatory title. My understanding is 'yes' but need confirmation Link to comment Share on other sites More sharing options...
scubascuba3 Posted September 18, 2022 Share Posted September 18, 2022 Shared bank account, someone can drain it easy enough, but other party could take legal action, i.e. husband and wife account but money brought in before marriage Link to comment Share on other sites More sharing options...
Popular Post couchpotato Posted September 18, 2022 Popular Post Share Posted September 18, 2022 Actually the answer is 'yes and no'. If the account has 2 names, then it depends how you set it up. If the account is set up with either/or signature to operate then answer is yes. If the account is set up requiring both signatures, then the answer is no. These scenarios would usually apply to Fixed deposits. 5 1 1 Link to comment Share on other sites More sharing options...
Popular Post fdsa Posted September 18, 2022 Popular Post Share Posted September 18, 2022 is this yet another "my bar girl is different" thread? 3 Link to comment Share on other sites More sharing options...
VinnieK Posted September 18, 2022 Author Share Posted September 18, 2022 4 minutes ago, fdsa said: is this yet another "my bar girl is different" thread? If only you knew.???????? 1 Link to comment Share on other sites More sharing options...
VinnieK Posted September 18, 2022 Author Share Posted September 18, 2022 9 minutes ago, couchpotato said: Actually the answer is 'yes and no'. If the account has 2 names, then it depends how you set it up. If the account is set up with either/or signature to operate then answer is yes. If the account is set up requiring both signatures, then the answer is no. These scenarios would usually apply to Fixed deposits. Is there some code or such in the bank book that indicates which type of acct it is? Link to comment Share on other sites More sharing options...
Kwasaki Posted September 18, 2022 Share Posted September 18, 2022 28 minutes ago, VinnieK said: Self explanatory title. Not really. 1. Married or unmarried. 2. Divorced and separated. 3. A/c Joint names. 4. A/c Name only. 5. ATM cards issued. 2 Link to comment Share on other sites More sharing options...
couchpotato Posted September 18, 2022 Share Posted September 18, 2022 8 minutes ago, VinnieK said: Is there some code or such in the bank book that indicates which type of acct it is? For Bangkok Bank;;; You set it up under either scenario (as I wrote before for a 'Deposit acct'). Both names are entered on the front page of the passbook. The type of scenario (is actually recorded on your computor profile/record with the bank, for that particular account). When you wish to make some sort of transaction with that account (and show the passbook), the bank will require one/or two signatures dependant on how the account was opened, and what is recorded on your file. 1 Link to comment Share on other sites More sharing options...
VinnieK Posted September 18, 2022 Author Share Posted September 18, 2022 (edited) 10 minutes ago, Kwasaki said: Not really. 1. Married or unmarried. 2. Divorced and separated. 3. A/c Joint names. 4. A/c Name only. 5. ATM cards issued. 1.Unmarried 2. None 3.Joint names 4.As above 5.Yes (I hold it) Edited September 18, 2022 by VinnieK Link to comment Share on other sites More sharing options...
blackcab Posted September 18, 2022 Share Posted September 18, 2022 6 minutes ago, VinnieK said: 1.Unmarried 2. None 3.Joint names 4.As above 5.Yes (I hold it) How many signatures are required to operate the account? Any 1 signature from either account holder or both signatures jointly? 1 Link to comment Share on other sites More sharing options...
Kwasaki Posted September 18, 2022 Share Posted September 18, 2022 8 minutes ago, VinnieK said: 1.Unmarried 2. None 3.Joint names 4.As above 5.Yes (I hold it) So I take it with that A/c at that bank she was able to take the book to the bank and withdraw money without you. Link to comment Share on other sites More sharing options...
VinnieK Posted September 18, 2022 Author Share Posted September 18, 2022 3 minutes ago, blackcab said: How many signatures are required to operate the account? Any 1 signature from either account holder or both signatures jointly? No idea how many signatures...never used it I have to go in person and do a small withdrawal I reckon I just wanted to avoid the hassle. Link to comment Share on other sites More sharing options...
VinnieK Posted September 18, 2022 Author Share Posted September 18, 2022 2 minutes ago, Kwasaki said: So I take it with that A/c at that bank she was able to take the book to the bank and withdraw money without you. Nothing happened...I hold the book anyway The original question is purely hypothetical Link to comment Share on other sites More sharing options...
Kwasaki Posted September 18, 2022 Share Posted September 18, 2022 1 minute ago, VinnieK said: Nothing happened...I hold the book anyway The original question is purely hypothetical OK ???? I was going say my advice would be not to open a joint bank account with any lady without being married. If you have the book and the ATM card OK but with that bank and a/c if she has the details of the account and she can withdraw money without you being there then she could maybe tell them she has lost the book and get another and make a withdrawal. Link to comment Share on other sites More sharing options...
Popular Post blackcab Posted September 18, 2022 Popular Post Share Posted September 18, 2022 1 minute ago, Kwasaki said: If you have the book and the ATM card OK but with that bank and a/c if she has the details of the account and she can withdraw money without you being there then she could maybe tell them she has lost the book and get another and make a withdrawal. If the account only requires any one signature from the two account holders then all the other person has to do is file a police report, then take the report to the bank and get a replacement book issued. Once they have the new book they can immediately empty the account in one withdrawal. There is nothing the bank or the police would do in this situation as the named account holder withdrew the funds. 2 1 Link to comment Share on other sites More sharing options...
Kwasaki Posted September 18, 2022 Share Posted September 18, 2022 1 minute ago, blackcab said: If the account only requires any one signature from the two account holders then all the other person has to do is file a police report, then take the report to the bank and get a replacement book issued. Once they have the new book they can immediately empty the account in one withdrawal. There is nothing the bank or the police would do in this situation as the named account holder withdrew the funds. That would be my concern for OP as suggested in my other post. 1 1 Link to comment Share on other sites More sharing options...
arithai12 Posted September 19, 2022 Share Posted September 19, 2022 I would go and ask the bank. 2 Link to comment Share on other sites More sharing options...
Lacessit Posted September 19, 2022 Share Posted September 19, 2022 16 hours ago, VinnieK said: Nothing happened...I hold the book anyway The original question is purely hypothetical If you knew the answer already, and are holding the bank book anyway as a safeguard, why are you starting a thread on it? Nothing better to do? 1 Link to comment Share on other sites More sharing options...
Raphael Hythlodaeus Posted September 19, 2022 Share Posted September 19, 2022 (edited) Why not take the bank book to the bank and ask them, rather than rely on AN? Easy. Edited September 19, 2022 by Raphael Hythlodaeus Link to comment Share on other sites More sharing options...
scorecard Posted September 19, 2022 Share Posted September 19, 2022 17 hours ago, scubascuba3 said: Shared bank account, someone can drain it easy enough, but other party could take legal action, i.e. husband and wife account but money brought in before marriage I suspect 'shared account' actually means 'Joint Savings account, either party can sign'. If that's true then surely either party can legally 'drain' the account. I somehow doubt account holders can expect the bank to be aware of what funds were in the account before marriage and expect the bank to monitor such funds. Further, if the 2 parties started a Joint Savings Account, either party can sign before marriage then surely the 'either party can sign' aspect starts on the day the account was started and date of marriage / funds in the account beforr marriage is beside the point. (NOTE: 'Joint Savings account, either party can sign' can be husband and wife, brothers, sisters, father and son etc., bf and gf, and can be friends/business partners not related in any way.) Link to comment Share on other sites More sharing options...
VinnieK Posted September 19, 2022 Author Share Posted September 19, 2022 22 minutes ago, Lacessit said: If you knew the answer already, and are holding the bank book anyway as a safeguard, why are you starting a thread on it? Nothing better to do? I didn't know the answer 100% ..I had a good hunch but I wanted to be 100% certain Holding the book doesn't mean much in a shtf senario. This acct has to be drained asap because a crisis is brewing.. ???????? Link to comment Share on other sites More sharing options...
BTB1977 Posted September 19, 2022 Share Posted September 19, 2022 Putting my wife on my account has never crossed my mind. Remember you can only control your actions. You can never control the actions of ANYONE around you. 1 Link to comment Share on other sites More sharing options...
Lacessit Posted September 19, 2022 Share Posted September 19, 2022 3 hours ago, VinnieK said: I didn't know the answer 100% ..I had a good hunch but I wanted to be 100% certain Holding the book doesn't mean much in a shtf senario. This acct has to be drained asap because a crisis is brewing.. ???????? I suppose she could go to the bank and claim the passbook is lost, please issue me a new one. However, that would then be fraud if you turn up with the existing one. If she is a signatory that can draw funds, best to get in first. I suggest you watch your back as well. 1 Link to comment Share on other sites More sharing options...
geisha Posted September 20, 2022 Share Posted September 20, 2022 Lesson learnt I suppose.In my whole adult life of 60 years I have never had a joint account. Surely two adults can come to good arrangements without ? Link to comment Share on other sites More sharing options...
blackcab Posted September 20, 2022 Share Posted September 20, 2022 17 minutes ago, geisha said: Lesson learnt I suppose.In my whole adult life of 60 years I have never had a joint account. Surely two adults can come to good arrangements without ? Whose idea was the joint account? To save face, what you could do is have one account just for yourself, and retain the joint account. However only keep a relatively small amount of money in the joint account; perhaps enough to pay for 1 or 2 months expenses. Top up your joint account from your private account. You can explain it's for "tax reasons" from your home country. Link to comment Share on other sites More sharing options...
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