WARNING: Bank stole child's money

michaels

OK - SO if I were about to default I should give any liquid assets I have to my children and they would then be disregarded in any attempt to recover the any monies I owe? This certainly has possibilities

Rustvaar

krisskross wrote: »

Is it then also stealing if people use the banks money without asking first?

They save themselves the hassle of involving the law and class it as an unarranged overdraft - a law unto themselves!! :rotfl:

KimYeovil

squibbs25 wrote: »

She went to town yesterday as my nephew wanted her to get some of his birthday money out.

The reason they gave for taking the money is that as she (his mum/my sister) owes them (the bank) money and is named on the account.

It's all the previous occasions she 'went to town' spending money she had not earned or budgeted for that are the problem.

(And it wasn't taken 'without consent'. It is standard practice. Read the terms and conditions of being a customer with any bank. If you take out the accounts, you've consented.)

Uncertain

KimYeovil wrote: »

It's all the previous occasions she 'went to town' spending money she had not earned or budgeted for that are the problem.

(And it wasn't taken 'without consent'. It is standard practice. Read the terms and conditions of being a customer with any bank. If you take out the accounts, you've consented.)

Since when did two wrongs make a right?

Whatever the Mother may or may not have done wrong with her account does not give the bank the right to help themselves to somebody else's.

Even the bank now seem to have accepted this. If the Mother owed my business money and I went round and smashed open the child's piggy bank, I would most likely be arrested.

A bit of fun might be to complain to the police about the bank's actions!

Uncertain

krisskross wrote: »

Is it then also stealing if people use the banks money without asking first?

No, because the bank is quite able to stop this happening by not paying the item that would make the account overdrawn.

squibbs25

It's nothing to do with any of us as to why she's she has financial probs.

Again assumptions have been made about her circumstances and not the fact that we are in a recession and people are being made redundant. Sometimes circumstances happen are beyond our control.


I'm leaving the thread now, i'd like to thank you all for taking the time to reply.

As i posted earlier, she just wanted to warn others who may not realise that their childs money is at risk if they owe money to the bank and they are named on the child's account.

Sorry if this thread has caused any offence to anyone, that was never mine or her intention.

Squibbs.

simon_templar_2

Uncertain wrote: »

Since when did two wrongs make a right?

Whatever the Mother may or may not have done wrong with her account does not give the bank the right to help themselves to somebody else's.

Even the bank now seem to have accepted this. If the Mother owed my business money and I went round and smashed open the child's piggy bank, I would most likely be arrested.

A bit of fun might be to complain to the police about the bank's actions!

Im sure the police would be really, really interested :rolleyes:

leiela

Goodness this is awful.

I have joint accounts with my 2 sons, the money in thier accounts is thiers it's not mine and i wouldn't dream of spending it.

Tbh i didn't really want to "share" an account with my kids, because in fairness it is THIER money, however the bank assured me it was the only way of doing it.

I'm kinda worried now i'm in a fair amount of debt, does this mean my kids money is in danger? should i withdraw is that put it back in the piggy banks??! seriously though having in exess of £2000 in a potter pig on top of the tv seems very silly.

If they bank did take it for what ever reason how on earth would i explain that to my kids?? they are both aware of the money and always have been... if it just "disappeared" they would want to know why.

michaels

If you have given your kids 2k in pocket money which they have saved but owe the bank 2k it seems to me that it is the banks money not the kids - sorry

Lokolo

leiela wrote: »

Goodness this is awful.

I have joint accounts with my 2 sons, the money in thier accounts is thiers it's not mine and i wouldn't dream of spending it.

Tbh i didn't really want to "share" an account with my kids, because in fairness it is THIER money, however the bank assured me it was the only way of doing it.

I'm kinda worried now i'm in a fair amount of debt, does this mean my kids money is in danger? should i withdraw is that put it back in the piggy banks??! seriously though having in exess of £2000 in a potter pig on top of the tv seems very silly.

If they bank did take it for what ever reason how on earth would i explain that to my kids?? they are both aware of the money and always have been... if it just "disappeared" they would want to know why.

Why not open accouts in their name at a different bank if you're that worried?