Can my parents see my high school checking account purchases?
They have the right to look until you are 18 AND have had their names removed from your account. Nobody is calling them up to tell on you, but you probably get a bank statement at your house. They MAY look at it, and are entitled to do so while you are a minor. They CAN look at your online banking, or go get a statement from your bank of how you have spent your money.Some parents actually DO keep track of how their children spend money so that they can advise them about good saving or spending habits. Other parents do it because they are concerned about possible patterns that would show you are probably regularly buying drugs, or cigarettes. Some parents do it just because they are nosy. If you are unsure whether your parents are of the ‘respect the kid’s privacy’ type, or the ‘concerned about financial responsibility’ type, or the ‘paranoid about drug purchases’ type, you COULD ask them, but then they would probably look at your bank account, assuming you were spending money in a way they should know about, and you would prefer they did not.
If i want to close my Chase High School Checking Account, does the parent who co-signed have to be there?
Last night i found out someone had been taking money out of my account. I called Chase and they shut down my card but i have to go in to the bank to get them to shut down the account itself and get a new one. Since my dad had to co sign for my account, does he have to come in to for me to get it shut down or can i go in myself?
How do I get my info off my parents bank account?
Call their customer service number 1-800-531-USAA (8722) and ask what you have to do to get your own USAA number. Then set up your bank account with them online after you log in. There should be no problem after that. Watch your account carefully and don't go into overdraft. When you need insurance, be sure to get it from USAA. They have great rates and every year you contribute to a savings account that they hold for you. You'll even get a check back just before Christmas each year!
What happens if your checking account is negative and you never pay them back?
I have a joint checking account with my parent that I opened 5 years ago and never closed it to get my parent's name off because Chase wouldn't let me unless my parent was there. My parent had a dispute with the bank over a loan and was not going to pay the loan until the dispute was resolved. So they took over $600 out of my account, but I withdrew that money that same day. The next day they said they took there money for the loan, but my money was overdrawn, even though at the time it was in my account and I had it in my hand. My account is now negative over $600 and they are charging me $5 everyday for overdraft, potentially over $1000 a year if they let it add up . I refuse to pay the money. What will happen if I never pay the money back if anything?
Can I take my parent off my bank account?
I would close out that account and get a new one just in your name - to protect anyone else from withdrawing money without your approval more than anything you are an adult now, you don't need anyone's permission
How do I make a bank account without my parents knowing? I’m over 18 but I already have a joint account with my mother. Can I have two bank accounts at the same time?
Short Answer: Yes you are of legal age. You can walk into any bank and they will be able to assist you in opening another bank account. There is no limit to how many bank accounts you can have.Long Answer: Yes you can, but why do you want to separate from your parents on a join account? Are they taking funds from you? Are they controlling your spending? Usually as a student and having a joint bank account, you get a better deal with lower fees. I would access on why you want to leave and then make a decision from there.
My mom closed my bank account for smoking weed?
This is just ridiculous. I'm 17 years old living at home still. 2 days ago my parents found out I smoked weed (2-3 times a week) and grounded me. Ok right? I told them (and myself) that I would just stop and it's not really that serious. My dad cut off my phone (reasonable) and I cant go anywhere. But I am so mad and draw the line here. I have a job and make my own money thats put into in my bank account. I have a debit card with only my name on it, she just had to co-sign due to the fact im a minor. She has taken my 500 dollars and closed the account. Im enraged. My dad already told me he was taking me to the doctor to get drug tested so ensure im not smoking anymore before I gain my things back, which is reasonable. But WHY would you take my money after knowing that I can't even spend it on weed (test every 2 weeks)?! I used that for food and gas for my car along with other school/college prep plans like applications and SAT fees. (senior in HS). I'm not dependent on and not being able to smoke is not even on my mind AT ALL. I only spent about 20 bucks a month on it too, which is VERY little if you familiar with those kinds of things. I know I have no legal rights over a joint bank account, especially with my mom being over 18, but any advice? I'm not sure if my job does checks but I was considering getting a pay card from work and have my work money put there, if I can under 18. I was also considering opening a saving account to put my money there until im 18 (August) and have access to my funds again. Any advice is welcomed, I mean ANY. Thank you.
I'm 18. Can I remove my parents name from my bank account?
To remove someone from your bank account all owners of the account need to sign a change form at the bank and the remaining owner(s) will need to sign a new signature card. However, only one signature is needed to close an account, no matter how many owners the account has. Just make sure if you choose to close it that there are no outstanding transactions not posted to the account yet. Then just open a new account in just your name that you're parents will have no control over.
Can my parents see my transactions if my bank account is connected to theirs?
It would depend on what you mean by ‘connected’.You would have had to make a choice when you signed your signature card. The common ones are sole ownership, joint ownership, business, and feduciary.If you are the only (sole) owner of the money in your account, then no, they can’t know what’s going on.If you opened the account jointly with one or both of them, then yes, whoever is involved in the ownership of the account may know all about it.I doubt if its ownership is any of the others types.The only other way I know of to connect accounts is a ‘sweep’. If your parents have prearranged to have money transferred from their account to yours if you overdraw. In which case they would be notified that money had been taken out of their account and where it was transferred to. They will know then, but just the amount transferred, nothing else. Again, that is if you are the sole owner.I hope you aren’t planning on doing something shady. Your parents are giving you a rare opportunity.
Are my parents legally allowed to go through my bank account and the transactions?
Although you are under 18, and not an adult, in legal terms, as far as banking is concerned, unless your parents are named on the account, then they have no right of interference, and the bank should not disclose what is going on with your account. You have no obligation to provide the bank details, including the name of the bank, branch, Sort Code and certainly not your account number. The same goes for the bank, providing those details to your parents.As far as I am aware, although you can’t have a current account if you are under 10, in some cases 14, but you can have a savings / deposit account which you can sign form, but again unless your parents are listed either as Trustees or actually on the account they can’t touch it. In the UK they can only deposit money to the account up until your are 7 years old; after that confidentiality cuts in. Only if they were Trustees under the Mental Health Act, or by Court Order, alternatively that was the way the account was set up in the first place, then they could have access.So in short, it is none of their business (literally) and providing you are not taking money out of their accounts to feed yours (unlikely) they have no right of inspection. If they know where you bank and certainly if they know you banking details including account number, I would place your bank on notice, and ask them to close and re-open the account with a new number, and for real safety change it to another branch altogether.Does all your communication, including cheque book, paying in book, ATM card come to your house?If it likely that your parents are intercepting your post, then may be it would be wise to ask the bank to send it to a care of address; say your place of work or if you are still at school/college have it sent to the Bursar/Principal, marked Private and Confidential and ask them to tell you when things arrive.This is helicopter parenting going too far and they need to respect your privacy as far as your finances are concerned. If they are giving you pocket money, in the strict sense that is yours to spend as in effect it is a gift.I think you need to tell your parents that you are able to look after your own finances and will go them if you need help, but remind them they have no right of access to the account in any shape of form.Don’t get too confrontational about it, but I think they need to realise that you are not a little boy/girl (you don’t give you name) any more.